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Misr Non-life Insurance Company has won the insurance policy for the biggest state-owned bank, the National Bank of Egypt’s ATMs, sources with knowledge of the talks said.
Speaking to Amwal Al Ghad, the sources stated that the insurance policy is estimated at 245 million Egyptian pounds (US$34.25 million), and is a one-year renewable term.
As pursuant to the insurance policy, Misr Insurance will provide insurance coverage to the NBE’s nationwide ATMs against all risks of fire dangers, burglary and other dangers related to the ATM’s bodies.
