Middle East Life Insurance Company, a new life insurance company in Iran

Middle East Life Insurance Company has obtained license from the Iranian supervisory authorities to operate as a life insurance company in the local market. With a capital of 1.200 billion IRR (35 million USD), the newly established company is a subsidiary of Middle East Bank.

The agreement issued by Central Insurance of Iran (CII) is part of the 2017-2021 five-year plan which is poised to increase the market share of life premiums from 14% to 21%.

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