Regulatory Alerts2021-10-10
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Decision of the Chairman of the Financial Regulatory Authority No. (1661) for 2021
The Financial Regulatory Authority issued Decision No. 1661 of 2021 to formally approve and mandate the implementation of a standardized personal accident insurance policy model specifically designed for Egyptians working abroad. Administered by the Egyptian Travel Insurance Pool, the policy provides a maximum coverage of 100,000 Egyptian pounds for accidental death and repatriation costs worldwide (excluding Egypt), with a maximum insured age of 65. The decision outlines comprehensive coverage terms, exclusions, notification obligations, and subrogation rights, taking full legal effect on January 1, 2022.
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