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The Egyptian Takaful Co. – Life signed an insurance contract to insure the employees of the Egyptian Banking Institute (EBI) for a year.
The insurance policy covers employees against death by natural causes or by an accident, permanent partial disability, permanent total disability and critical diseases with monthly installments of EGP 15, 000.
It is worth mentioning that the Egyptian Banking Institute was established as the sole training arm of the Central Bank of Egypt in 1991. 42 Egyptian banks are members at the institute.
The Egyptian Takaful Co. – Life targets to achieve EGP 150 million as premiums in FY 2012/2013.
