Live rates · Fès-Meknès

Life insurance in Fez: compare the best 2026 prices

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

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Fès-Meknès

Region

1.150.000

inhabitants

6.800 MAD

median income

2,8 - 4,2%

net yield

Looking for life insurance in Fez? With a median income of MAD 6.800/month and an upper-middle segment around MAD 15.500/month, Fez residents (1.150.000 inhabitants, Fès-Meknès) benefit from specific banking terms. Contracts marketed in Fez 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 Fez, simulate your file and receive tailored offers for free.

Local market

Why life insurance in Fez is unique

Spiritual capital with a strong micro-finance footprint (Al Amana, Fondation Banque Populaire). Medina riad renovation (UNESCO + Ministry of Housing programmes) offers a heritage-loan niche. The New City rolls out fresh developments through partnerships with banks and developers Addoha/Alliances. Artisanal and academic market: medina craftsmen (brassware, leather, carpets) accessing credit via micro-finance or SGFG; faculty and students of Sidi Mohamed Ben Abdellah University; New City merchants. MRE segment present but smaller than in Marrakech/Oujda. Modest but stable income files.

Dominant borrower profiles in Fez

Medina craftsmen
Academics and researchers
Regional civil servants
New City merchants
Returning MRE

Financial districts and zones

Ville Nouvelle (Avenue Hassan II)Fès El JdidRoute d'Immouzer

Concentration of bank branches and insurance brokers in Fez.

Life insurance specifics in Fez

What to know before signing

Retirement savings in Fez

In Fez, retirement savings through life insurance suits the following profiles particularly well: Independent professionals and merchants without mandatory pension cover benefit from a tax deduction on contributions within the legal cap.

Banks and insurers present in Fez

The leading financial players in Fez are Wafa Assurance, RMA Assurance, MAMDA-MCMA, Sanlam. Branches concentrate in the Ville Nouvelle (Avenue Hassan II), Fès El Jdid, Route d'Immouzer 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 Fez

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 Fez: are rates different from elsewhere?

Yes, slightly. In Fez, 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 Fez for life insurance?

Main insurers in Fez are Wafa Assurance, RMA Assurance, MAMDA-MCMA. 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.