EGY FRA Accident Insurance Policy

Published on: Apr 10, 2025

On Mar. 20, EGY FRA issued personal accidents insurance policy form.

  • EGY FRA issued Decision 694/2025 implementing personal accident insurance policy form for Egyptians working abroad to be managed by Egyptian travel Insurance Pool.
  • Document dated Mar. 20, 2025, received from EGY FRA Apr. 7, summarized on Apr. 10.
  • Key Provisions
  • Repealed Decision No. 1661 of 2021, and everything that contravenes this decision.
  • Listed cases covered by insurance, that concern permanent total disability and death.
  • Total amounts paid during insurance period may not exceed maximum insured sum set in policy schedule for cases of permanent total disability, death, body transportation.
  • Notifications made to the group must be written, submitting official form or by email.
  • Set the cases in which the insured's rights arising from this policy shall be forfeited.
  • Effectiveness
  • Decision shall be published in the official gazette, and effective as of Jul. 1, 2025.
Regulators
EGY FRA
Entity Types
CNSM; Corp; Ins
Reference
PR, 4/7/2025
Functions
Compliance; Financial; Legal; Operations; Registration/Licensing; Risk; Treasury
Countries
Egypt
Category
State
N/A
Products
Corporate; Insurance; Insurance-Casualty; Insurance-Health; Insurance-Life
Rule Type
Final
Regions
EMEA
Rule Date
Mar 20, 2025
Effective Date
Jul 1, 2025
Rule ID
249994
Linked to
N/A
Reg. Last Update
Mar 20, 2025
Report Section
International