Aman EL -Masreen Certificate

 

Aman EL-Masreen is a new certificate issued as a support of CBE Financial Inclusion Initiative; it is a nominal certificate in local currency for 3 years with automatic renewal for two periods only offering saving, life insurance and valuable prizes

Certificate properties and conditions:
  • The certificate is nominal and should not be traded, endorsed, transferred, debited or mortgaged to a non-issuing bank
  • Available for individuals with Egyptian nationalities from the age of 18 to 59 years
  • Starting from EGP 500 and multiples up to a maximum of EGP 2500
  • Interest rate is 16% paid at the end of the certificate period for 3 years after deducting the insurance premiums from the interest.
  • Interest payment is through "Prepaid card "or "Mobile Wallet "or "existing customer account"
  • All expenses are exempted during the purchase of the certificate.
  • Loan against deposit is not allowed
  • You may be a lucky person and win a prize of EGP 10,000 (Tax-free), Every EGP 500 represents an opportunity to win ,withdrawal is every three months. (The winner does not enter other draws)
  • You can choose the way of payment for compensation to be lump sum amount through Misr Life Insurance company in case of death (God forbid), whether natural death or death by accident and insurance coverage is as follows:
Certificate amount

EGP 500

EGP 1,000

EGP 1,500

EGP 2,000

EGP 2,500

Monthly premium

EGP 4

EGP 8

EGP 12

EGP 16

EGP 20

Insurance amount (normal death)

10,000

20,000

30,000

40,000

50,000

Insurance amount (accidental death)

50,000

100,000

150,000

200,000

250,000

 

  • You can also choose the other way of payment for compensation in case  of death as a guaranteed pension paid for a specific period starting from the month following the date of death as shown in the tables below:

Insurance amount (normal death)

Guaranteed monthly pension

For 5 years

For 10 years

EGP 10,000

EGP 200

EGP 120

EGP 20,000

EGP 400

EGP 240

EGP 30,000

EGP 600

EGP 360

EGP 40,000

EGP 800

EGP 480

EGP 50,000

EGP 1,000

EGP 600

 

Insurance amount (Accident death)

Guaranteed monthly pension

For 5 years

For 10 years

EGP 50,000

EGP 1,000

EGP 600

EGP 100,000

EGP 2,000

EGP 1,200

EGP 150,000

EGP 3,000

EGP 1,800

EGP 200,000

EGP 4,000

EGP 2,400

EGP 250,000

EGP 5,000

EGP 3,000

 

  • The amount of the compensation due and the nominal amount of the certificate due to the heirs / beneficiaries will be paid through Misr Life Insurance Company