Live rates · Casablanca-Settat

Life insurance in Casablanca: compare the best 2026 prices

Retirement savings, death cover, wealth transfer — dirham and multi-fund products. Compare offers from Casablanca insurers for free and get a tailored simulation in under 3 minutes.

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Casablanca-Settat

Region

3.370.000

inhabitants

9.500 MAD

median income

2,8 - 4,2%

net yield

Looking for life insurance in Casablanca? With a median income of MAD 9.500/month and an upper-middle segment around MAD 22.000/month, Casablanca residents (3.370.000 inhabitants, Casablanca-Settat) benefit from specific banking terms. Contracts marketed in Casablanca deliver an average net yield of 2.8-4.2% on the dirham fund and up to 8% on multi-fund options. Compare below the best offers from banks and insurers present in Casablanca, simulate your file and receive tailored offers for free.

Local market

Why life insurance in Casablanca is unique

Casablanca holds 45% of Morocco's mortgage book and 60% of the corporate loan portfolio. Scarce land (MAD 3,000 to 25,000/m² depending on the district) drives some of the country's highest loan amounts. All banks are headquartered here, so approval decisions are faster (48-72h vs 5-7 days in the regions). Casa Finance City attracts international investment banks. Demanding urban profile: executives in multinationals and SMEs, entrepreneurs and liberal professionals concentrated in Anfa, Maarif and Casa Finance City. Solid bank files (private-sector permanent contracts, structured payslips), but strong competition between banks opens negotiation room of 20-40 bps below the official APR schedule.

Dominant borrower profiles in Casablanca

Multinational executives
SME owners
Liberal professionals
Real-estate investors
Young first-time buyers (Bouskoura/Dar Bouazza)

Financial districts and zones

Boulevard Mohammed VCasa Finance CityMaarifAnfaSidi Maarouf

Concentration of bank branches and insurance brokers in Casablanca.

Life insurance specifics in Casablanca

What to know before signing

Retirement savings in Casablanca

In Casablanca, retirement savings through life insurance suits the following profiles particularly well: Private-sector executives diversify their wealth beyond real estate, accessing multi-fund contracts (equities, bonds, real estate).

Banks and insurers present in Casablanca

The leading financial players in Casablanca are Wafa Assurance, RMA Assurance, Sanlam (ex-Saham), AXA Assurance Maroc. Branches concentrate in the Boulevard Mohammed V, Casa Finance City, Maarif districts, making in-person comparisons and negotiations easier. wafir.ma queries these players in real time to offer you the best terms.

Cover included

Life insurance cover: what is included

Underwriting conditions

Age between 18 and 70 (depending on contract)
Health questionnaire (death/disability cover)
Designation of one or more beneficiaries
Initial deposit of MAD 1,000-5,000 minimum per product
KYC form (anti-money-laundering)

Cover and guarantees

Dirham savings: guaranteed return 2.5-4% net/year + profit share
Multi-fund savings: equity, bond, diversified funds (potential return 5-8%)
Death/disability insurance: capital paid to beneficiaries
Life annuity: lifetime guaranteed income starting at retirement
Tax benefit: deductible up to 10% of net taxable income (capped at MAD 50,000/year)
Wealth transfer: capital outside the estate, favourable tax for beneficiaries

Documents to prepare

National ID (CIN)

Proof of address

Bank details (RIB)

Payslips (for some scheduled-contribution contracts)

Medical questionnaire or check-up (for high capital > MAD 2M)

Frequently asked questions

FAQ — Life insurance in Casablanca

Life insurance: savings or protection?

Both. In Morocco the term 'life insurance' covers: 1) retirement-savings contracts (PER type) building capital for retirement; 2) death-cover contracts paying capital to beneficiaries on death. A single contract often combines both (savings + death).

What return on a dirham life insurance?

Dirham funds currently yield 2.8-4.2% net of management fees, with capital guarantee. Unit-linked funds (equities, bonds, real estate) offer higher potential returns (5-9%) but without capital guarantee. A 60/40 mix (dirham/unit-linked) is often recommended for the long term.

Tax benefits of life insurance in Morocco?

Contributions are deductible from taxable income up to 10% of net taxable income (capped at MAD 50,000/year for retirement plans). At withdrawal (after 8 years minimum), capital is taxed at a flat 15% (vs progressive up to 38%). Upon death, capital transferred to beneficiaries is exempt from inheritance duties up to MAD 500,000 per beneficiary.

Can I withdraw savings before maturity?

Yes, through partial or full surrender. However, taxation is less favourable before 8 years (higher flat withholding). Retirement contracts often lock funds until retirement age (55-60) except for force majeure (disability, death, layoff).

Life insurance in Casablanca: are rates different from elsewhere?

Yes, slightly. In Casablanca, the observed average premium is MAD 2,500-4,000/year (national benchmark: MAD 3.600/year). Insurers adjust prices according to local claims, traffic density and insured profiles. Compare at least 3 quotes to optimise.

Which bank should I pick in Casablanca for life insurance?

Main insurers in Casablanca are Wafa Assurance, RMA Assurance, Sanlam (ex-Saham). Wafa Assurance and RMA have the widest network; Sanlam and AXA offer the most advanced digital services; MAMDA-MCMA is the benchmark on rural and agricultural segments. Compare plan by plan to find the best cover-to-price ratio.

Want to understand the local market first?

See our life insurance page for Casablanca: observed average rates, local banks and institutions, average prices, borrower profile and covered districts.

View Casablanca local market