Misr Life Insurance Company was the first insurance company to be established in the entire Arab world. It was founded in 1900 and was formerly known as Egyptian National Life Insurance Company. The company has always maintained its unique philosophy of gaining and satisfying customer trust through its distinguished products and services.
In 2006, it became a part of Misr Insurance Holding Company. In line with the reform strategy aiming to separate life insurance from property insurance, the company was entrusted with the life insurance portfolio owned by state-owned insurance companies. It now specializes in life insurance services, annual pensions, and long-term health insurance. Its paid-up capital is currently 1.5 billion EGP after the transfer of the life insurance portfolio from Misr Insurance.
On November 20, 2019, the Extraordinary General Assembly of Misr Life Insurance Company approved an increase in the authorized and paid-up capital from 1.5 billion EGP to 2 billion EGP. On May 17, 2021, the Extraordinary General Assembly approved another increase in the authorized and paid-up capital from 2 billion EGP to 3 billion EGP.
In light of its new specialized role, Misr Life Insurance Company continuously strives to develop innovative strategies to meet the needs of its ever-growing customer base. The company provides its services through seven main regions with 152 branches spread across the country. It employs approximately 1,895 administrative and technical staff, in addition to around 6,300 sales representatives.