Nabila Makram, Minister of State for Immigration and Egyptians Expatriates’ Affairs, held Tuesday a meeting to discuss the executive steps of the first optional insurance policy for Egyptians working and residing abroad, and coordinate efforts between the concerned authorities.
During the Insurance and Reinsurance Conference in Sharm El Sheikh held in September 2021, a memorandum of understanding was signed between the Immigration Ministry, the Ministry of Interior, the Egyptian Insurance Federation, the Financial Regulatory Authority (FRA), and the Egyptian Association for Travel Insurance, to offer personal accident insurance policy for Egyptian expats. The insurance policy will be optional for Egyptians abroad starting January 2022.
The Minister of Immigration said that Egyptians abroad showed a positive interaction with the announcement of the insurance policy.
Mohamed Omran, Chairperson of the FRA, said that the insurance policy for Egyptians working abroad provides a solution to the problem that was troubling many when accidents occurred, thus fulfilling their desires to transport the bodies of the deceased to the homeland, in a way that guarantees their dignity, and in a manner that achieves cooperation to achieve that supreme goal.
The personal accident insurance policy will be available to Egyptians working abroad who have work permits, up to EGP 100,000. It will cover the transportation of the body.
For their part, representatives of the Ministry of Interior explained that there is cooperation between the Ports Department, Work Permits and Security Directorates to provide the policy through a website designated for this, stressing that there are 28 branches that have already been prepared in preparation for the subscription.
Reda Abdel Moati, Deputy Chairperson of the FRA, said that the policy is linked to work permits, as everyone working abroad is obligated to provide a work permit in accordance with the law.
The Minister of Immigration said earlier that it was agreed that the subscription fees to the personal accident insurance policy would be EGP 300 at the first issuance of a passport, and EGP 100 for the annual renewal. An account will be opened at the Central Bank of Egypt (CBE) for the beneficiaries of the new insurance policy to cover the costs of body transportation to Egypt in case of death or hospitalization in case of personal accidents.