Supervisory Fees Increase

Our valuable Allianz Life Assurance Company clients,

Based on the decree number 144 for 2018 issued by the Financial Regulatory Authority, please be notified that the supervisory fees  will increase on all the insurance premiums with a value of 1 pound for every 1,000 pounds “ 0.001”. This decree is effective as of 1/1/2019.

Below is a mathematical example to illustrate the value of the fees:

  • If your company’s annual or monthly premium is EGP 50,000, the premium should read EGP 50,050.
  • If your company’s annual or monthly premium is EGP 100,000, the premium should read EGP 100,100.