Aman El-Masreen Certificate

Aman El-Masreen Certificate is a certificate issued by Misr Life Insurance Company in cooperation with four Egyptian banks. It aims to provide insurance coverage for the vulnerable groups, as per President Abdel Fattah El-Sisi’s demand that they be provided with insurance, especially free labour.

It is an insurance coverage in the form of a savings certificate for the vulnerable groups.
The four banks are: Banque Misr, Banque du Caire, Agricultural Bank of Egypt, and National Bank of Egypt in cooperation with Misr Life Insurance Company.

It starts from a minimum of EGP 500 and reaches up to a maximum of EGP 2500.

The savings certificate’s period is 3 years, at a value of EGP 500 and up to EGP 2500. The amount will be refunded with interest after three years, at an annual interest of 16% and can be redeemed at any time.
The certificate provides compensation of EGP 10,000 in case of natural death, EGP 50,000 of death in case of accidental death and up to EGP 250,000 as a maximum if the owner of the certificate chooses to purchase the maximum of 5 certificates with a value of 2500 pounds.
The advantage of the savings certificate is that it provides a pension to the family of the deceased. The certificate holder chooses the period as follows:

- 5 years, at a value of EGP 200 of a monthly pension, if a EGP 500-certificate is purchased.

-10 years, at a value of EGP 120 pounds per month, if a EGP 500-certificate is purchased.

- EGP 1000 for a period of five years in case of purchasing the maximum number of certificates, 2500 pounds.

-EGP 600 for a period of ten years in case of purchasing the maximum number of certificates, 2500 pounds.

Profits of the certificate amounting to 16% are given four times a year, once every three months.The issuance of the certificate is easy. Applicants are not asked for any health declaration or medical statements. It is an insurance service that aims to provide coverage without exceptions and it is dispensed immediately to the applicant. The condition of postponing compensation obtaining is not applied like the rest of other documents. Participants should not be younger than 19 years old and not older than 59 years old.

The project is shown in the documentary film attached from (21:07 to 26:63).