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 (in all participating banks)
- Interest rate is 13% paid at the end of the certificate period for 3 years after deducting the insurance premiums from the interest.
- Interest payment is through 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 | EGP200 | EGP120 |
EGP 20,000 | EGP400 | EGP240 |
EGP 30,000 | EGP600 | EGP360 |
EGP 40,000 | EGP800 | EGP480 |
EGP50,000 | EGP1,000 | EGP600 |
Insurance amount (Accident death) | Guaranteed monthly pension | |
For 5 years | For 10 years | |
EGP 50,000 | EGP1,000 | EGP600 |
EGP 100,000 | EGP2,000 | EGP1,200 |
EGP 150,000 | EGP3,000 | EGP1,800 |
EGP 200,000 | EGP4,000 | EGP2,400 |
EGP 250,000 | EGP5,000 | EGP3,000 |
- 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
