Egypt’s Misr Emirates Takaful Life Insurance (Metlico) has won a compensation insurance coverage policy tender for Proserv Egypt’s workers, said Metlico’s managing director on Monday.
Established in 2008, Proserv Egypt is one of the major petroleum services firms that maintains joint efforts and facilities to oil and natural gas firms and provides high-quality business services.
The insurance policy is with a total sum insured of around 135 million Egyptian pounds ($8.4 million), Ayman El Alfy further told Amwal Al Ghad.
“The policy is to cover around 337 workers at Proserv Egypt,” El Alfy said.
The insurance policy will see coverage of natural death and total or permanent partial disability, he added.
Moreover, Metlico’s strategy focuses on tapping geographically to reach the 8 branches within the coming period, besides promoting its products through banks’ branches nationwide, El Alfy said.
