L’Algérienne Vie, also known as Algerian Gulf Life Insurance Company (AGLIC), has entered into an exclusive partnership with the Banque Nationale d’Algérie (BNA) to introduce a digital solution for underwriting and online payment of insurance policies.
Through this new initiative, policyholders can easily access the “WIMPAY-BNA” mobile application, available for download on both Google Play and the App Store. After subscribing to the “WIMPAY” service, users can proceed to pay their premiums securely by entering their BNA bank account details.
AGLIC, the leader in Algeria’s life and health insurance market, achieved a turnover of 4.06 billion DZD (approximately 30.1 million USD) in 2023. The company saw a remarkable 154.3% increase in net profit, reaching 501 million DZD (3.7 million USD). The shareholders’ equity stood at 1.823 billion DZD (13.5 million USD), with a return on equity (ROE) of 31% at the end of 2023.
