Regulatory Alerts2019-01-01
Prime Minister's Decision No. 1583 of 2019 Establishing the Government Insurance Fund for the Care of Egyptian School Students
The Egyptian Prime Minister issued Decision No. 1583 of 2019 to establish the Government Insurance Fund for the Care of Egyptian School Students as an independent legal entity under the Ministry of Education and Technical Education. The Fund replaces the previous General Administration for Student Accident Insurance and is mandated to provide comprehensive insurance coverage for students against natural or accident-related death, disability, and to provide social allowances, with premiums collected alongside tuition fees. Governed by a six-member Board of Directors and a full-time Executive Director, the Fund operates on a non-profit basis, subject to financial oversight by the Financial Regulatory Authority and the Central Audit Organization, with its resources derived from premiums, investment returns, and approved donations.