Regulatory Alerts2021-01-01
Chairman Decision No. (953) of 2021
The Financial Regulatory Authority issued Chairman Decision No. (953) of 2021 to officially approve and mandate the implementation of the standardized Foreign Travel Insurance Policy Form, managed by the Egyptian Union for Foreign Travel Insurance. The decision establishes comprehensive coverage limits of 30,000 Euros per person for medical expenses and repatriation, valid for trips up to 90 consecutive days within the passport's validity period. It further outlines strict claims procedures, general exclusions such as pre-existing conditions and high-risk sports, and sets the effective date for implementation at July 1, 2021.
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