Key points
- Savings premiums: 15.6 billion dirhams in the first half of 2026.
- Change: up 19.7% over one year.
- Share: nearly 89% of the life insurance business.
- Source of the figures: the Insurance and Social Welfare Supervisory Authority (ACAPS), cited by Boursenews.
What these products are for
These contracts are used to put money aside, for example to add to a pension, pay for children’s education or build up wealth.
- Capitalisation: payments, after fees, go into an individual account. At maturity, the saver can receive a lump sum or an annuity. Some contracts allow partial or full withdrawals.
- Life insurance: a lump sum is paid to the named beneficiaries if the insured person dies. This cover is a form of protection.
Dirhams or unit-linked
| Type | Return | Risk |
|---|---|---|
| Dirham contracts | Guaranteed minimum rate and, depending on the contract, a share of the insurer’s profits | Take most of the payments |
| Unit-linked contracts | Linked to financial markets | Risk of losing capital |
To understand this better
- A premium is the money paid to the insurer. The 15.6 billion figure therefore measures the payments collected over the period, not the return earned by savers.
- The final result depends on the contract: how long you commit, the fees on payments and on savings, the guarantees and the withdrawal terms. Two contracts with similar returns can give different results.
- Tax treatment can be favourable, provided the conditions set by the regulations are met.
Please note
This article explains how these products generally work. It does not compare any contracts and is not advice.
Sources
This article is for information and educational purposes only. It is not investment advice or a recommendation to buy or sell any security. Investing in shares involves a risk of capital loss. Check figures against official sources (Casablanca Stock Exchange, AMMC) and consult a licensed professional. Read the full disclaimer.
