Caarama Assurance will soon launch a "satisfied or money back" product

Caarama Assurance, subsidiary of CAAR, specialized in life insurance, announced through its CEO the upcoming launch of a new individual insurance product.

Named "Mathani", the product for general public will allow "everybody to have an individual cover in case of death, to cover their families", said Mokhtar Naouri during a conference in Algiers.

According to the CEO, "Mathani" might be offered by a bank as a backing at the opening of an account, and will include in addition, a "satisfied or money back" formula, giving the insured the opportunity to get his premiums back.