MAASHY
Maashy Policy is Digital Pension Policy from Misr Life Insurance Company in cooperation with e& Egypt Company, that gives you the power to control and secure a carefree tomorrow, you can get the policy from MLI website & mobile application and its available to e& Egypt customers on My e& mobile application.
POLICY BENIFITS:
- Single premium with a minimum of 500 USD + issuance fees.
- The maximum paid amount for one year is 36.000 EGP.
- Flexibility to increase the pension amount through additional optional premiums with a minimum of 50 EGP per premium.
- Guaranteed pension amount with multiple entitlement options: " Retirement bulk amount, Monthly pension for 10 years, Monthly pension for 15 years, Monthly pension for 20 years."
- The guaranteed pension amount is paid when the insured reaches the age of (50, 55, 60, or 65) in EGP.
- The policy covers natural death, accidental death, and permanent total disability, with the guaranteed pension amount being paid to the beneficiaries.
Other Benefits:
- No medical procedures required.
- The policy will not be canceled or reduced if the client does not pay the optional additional premiums.
- In the event of death, a fixed amount of 10,000 EGP is paid in addition to the pension amount as per the contract.
- The client can obtain the policy for all retirement years (up to a maximum of two policies), one for each retirement age.
- The minimum duration of the policy is 10 years.
• Single premium with a minimum of 500 EGP + issuance fees.
• The maximum paid amount for one year is 36.000 EGP.
• Flexibility to increase the pension amount through additional optional premiums with a minimum of 50 EGP per premium.
• Guaranteed pension amount with multiple entitlement options: " Retirement bulk amount, Monthly pension for 10 years, Monthly pension for 15 years, Monthly pension for 20 years."
• The guaranteed pension amount is paid when the insured reaches the age of (50, 55, 60, or 65) in EGP.
• The policy covers natural death, accidental death, and permanent total disability, with the guaranteed pension amount being paid to the beneficiaries.
Other Benefits:
• No medical procedures required.
• The policy will not be canceled or reduced if the client does not pay the optional additional premiums.
• In the event of death, a fixed amount of 10,000 EGP is paid in addition to the pension amount as per the contract.
• The client can obtain the policy for all retirement years (up to a maximum of two policies), one for each retirement age.
• The minimum duration of the policy is 10 years.
Learn More About The Policy
Policy Example
For a more detailed real-life example about the policy and pension amount expected, below is an example for a 30 years old, when paying a premium once or monthly and with different options. Knowing that the pension amount is an illustrative example in the example below:
Age | 30 |
First Base Premium | 500$ |
Monthly Premium | 500$ |
Eligibility age | One Time Pension | Monthly Pension/10 yrs | Monthly Pension/15 yrs |
50 | 149,508 | 1,437 | 1,027 |
55 | 199,416 | 1,917 | 1,370 |
60 | 254,364 | 2,445 | 1,748 |
65 | 313,380 | 3,013 | 2,153 |
Flexible. Customized. Convenient.
“Maash Bokra in USD “the first of its kind digital pension policy in for Egyptians living abroad, in partnership with National Bank of Egypt. This policy gives you the power and control for a carefree tomorrow.
Your carefree tomorrow starts by taking action today !
For inquiries, please contact the following numbers
(+20) 1112224443
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(+20) 1112224442
FAQs
Maashy in Egyptian Pounds is an insurance program that provides both insurance protection and savings to secure a guaranteed retirement amount when you reach retirement age, according to your choice. The policy is issued in Egyptian Pounds.
Maashy pays a retirement amount, where the policyholder chooses between four payment options at maturity:
- A-one lump-sum payment
- B-guaranteed pension payments for 10 years or
- C-guaranteed pension payments for 15 years or
- D-guaranteed pension payments for 20 years
Maashy policy is issued with a payment of a single premium only and the customer can pay the premium at any time during the term of the policy.
- Visit our website misrlife.com
- MLI Mobile application (You can download from App store and play store)
- Our insurance representatives in NBE Branches
- Fawary services
- E- Wallets
- The policy is not canceled, nor does it reduce in value if the customer does not pay additional installments .
- The minimum entry age of the life insured is 18 years, and the maximum entry age is 59 years.
- The minimum policy term is 10 years.
The customer can purchase one policy for each maturity age with a maximum of 2 policy for each client, for example if the client is 40 years, he can purchase 2 policies only for maturity age (50, 55)
The minimum premium payment is EGP 500, and the maximum is EGP 36,000 per policy during the year.
No medical Checkup is required for Maashy policy for any age or Sum insured amount
To change beneficiaries or contact details, you must complete endorsement request
After the completion of one policy years, you may surrender your policy. In case you decide to surrender Maashy in EGP policy, the surrendered amount is calculated for each single premium paid separately, starting the second year, surrender value will be payable as follows:
- Second year: The client will receive 75% of the paid premium amount.
- Third year: The client will receive 80% of the paid premium amount
- Fourth year: The client will receive 90% of the paid premium amount.
- Fifth year: The client will receive 100% of the paid premium amount.
These percentages apply to each premium payment separately.
Maash Bokra Digital plan is an insurance plan that provides protection and savings to obtain a guaranteed retirement lump sum or monthly pension as per your choise.it is an exclusive plan for National bank of Egypt customers only.
Maash Bokra pays a retirement amount, where the policyholder chooses between three payment options at maturity:
- A-one lump-sum payment
- B-guaranteed pension payments for 10 years or
- C-guaranteed pension payments for 15 years
Maash Bokra Digital policy enters a semi-annual draw; the prize is an increase of 75% of the retirement amount or the pension payments.
The prize amount is paid at policy maturity date under the original agreed upon terms of payment
Maash Bokra Digital policy is issued with a payment of a single premium only and the customer can pay the premium at any time during the term of the policy.
- Visit our website misrlife.com
- MLI Mobile application (You can download from App store and play store)
- Our insurance representatives in NBE Branches
- Fawary services
- E- Wallets
The policy is not canceled nor reduces in value if the customer does not pay additional installments.
- The minimum entry age of the life insured is 18 years and the maximum entry age is 59 years.
The minimum policy term is 5 years.
The customer can purchase one policy for each maturity age with a maximum of 2 policy for each client, for example if the client is 40 years, he can purchase 2 policies only for maturity age (50, 55)
- The minimum premium payment is USD 500 and the maximum is USD 10,000 per policy during the year.
- No medical Checkup is required for Maash Bokra policy for any age or Sum insured amount
To change beneficiaries or contact details, you must complete endorsement request
After the completion of one policy years, you may surrender your policy. In case you decide to surrender Maash Bokra In USD policy, the surrendered amount is calculated for each single premium paid separately, starting the second year, surrender value will be payable as follows:
- 2nd and 3rd year, 95% of premiums paid
- End of 3rd year and onwards, 100% of premiums paid
Please use the Egyptian mobile
Policy Terms and Conditions
- For Egyptian Only
- Insured age should be from 18 to 59
- Policy expiry date minimum 10 years
- The minimum payment of the policy is 500 EGP, and the maximum is 36.000 EGP for each policy per year
- If insure to liquefy the policy, this must be after one year