Personal accident insurance for Egyptian expatriates

The Insurance Federation of Egypt (IFE), the Financial Regulatory Authority (FRA), the Ministry of Immigration, the Ministry of Interior and the Egyptian Travel Insurance Association signed a Memorandum of Understanding in September 2021.

This agreement concerns the development of a personal accident policy for Egyptians working abroad.

The solution covers repatriation or hospitalization expenses following an accident for a maximum amount of 100 000 EGP (6 352 USD).

The new product, available starting January 2022, will be marketed with a premium of around 300 EGP (19.05 USD) upon the first issuance of a passport and 100 EGP (6.35 USD) upon the annual renewal.