Coronavirus: Egyptian insurance regulators adopt exceptional measures

Due to the outbreak of the pandemic, the Egyptian insurance regulator allow insurance companies to offer premiums payment delays to their policyholders.

• Policyholders of ordinary life insurance are offered a 60-day grace period to pay premiums due between March 1 and June 30, 2020. In addition, they can also renew their contracts free of charge until December 31, 2020.
• Policyholders of health and motor insurance, who have had their contracts expired or terminated by the insurer within the last 30 days, have 30 days to renew the latter.
• Group life and property and casualty policyholders may pay their premiums within 30 days following the due date of the contract.

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