Banking and insuranceEconomicalEconomicalBanking and insurance

Fixed profit of Middle East life insurance policyholders in 1401


According to the financial news report, based on Article 11 of Regulation No. 68 approved by the Supreme Insurance Council regarding the payment of at least 85% of the profits from the total life insurance transactions, according to the calculations made for the fiscal year 1401, the board of directors of the Middle East Life Insurance Company agreed to pay an effective interest rate of 30% to the policyholders.

It was also decided that the surplus profit until 04/31/1402 should be included in the mathematical reserve account of the policyholders.

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