Fixed-return savings certificates in Egyptian banks are well received by a large number of customers for reasons related to the high return paid on them compared to other savings pools.
It is not permissible to borrow with the “Egyptian Safety” certificate or issue credit cards of all kinds.
And those who have the right to buy the Egyptian certificate from natural individuals from the age of 18 to 59 years
The certificate is recovered in full at the end of the period (the nominal value + the remaining returns after deducting the value of the installments) and can be recovered at any time from the date of purchase according to the customer’s desire with the value in which the certificate was purchased without committing to a 6-month period, provided that this value is added to the customer On a prepaid card, Wallet Mobile wallet, or customer’s account, if he maintains an account with the bank.
The certificate yields a “fixed return throughout the period of the certificate” and is entitled to be disbursed at the end of the period minus the value of insurance premiums, if any.
The amount is recovered in interest after three years, at an interest of 16% annually, and the certificate profits amounting to 16% are paid four times a year once every three months.
The certificate is issued easily, and without asking its owner for any health declarations or medical statements, as it is an insurance service that aims to provide coverage without exceptions, and it is immediately disbursed to the applicant, and there is no requirement to postpone obtaining compensation as is found in the rest of the documents.
Additional benefits for the Egyptians Safety Certificate from the National Bank of Egypt
Life insurance policy for the customer with the following conditions and benefits:
A life insurance policy is provided to the customer from the age of 18 to 59 years, without a medical examination.
The monthly insurance premium is paid from the certificate return.
– Compensations are due in the event of the insured’s death, with a maximum natural death of 50 thousand and death by accident of 250 thousand pounds.
The security deposit (compensation) can be paid in the event of death on a pension guaranteed for a specific period of time.
The insurance policy is forfeited if the client retrieves the certificate, or the customer reaches the age of 60.
A quarterly draw will be held with 200 prizes, amounting to 10,000 EGP net for each prize “tax free”.
Can be purchased with the Fone Cash wallet.
– Entities can purchase the certificate for the benefit of its employees, provided that it is not refundable within a period of 6 years from the date of purchase.
A safety certificate for Egyptians is a certificate issued by the Misr Life Insurance Company in cooperation with four Egyptian banks and aims to provide insurance coverage for marginalized groups, after President Abdel Fattah El-Sisi called for the necessity to provide them with insurance, especially from free workers.
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