Australia's GDP rises 0.6% in June quarter: ABS    EFG Hermes raises TMG share price target to EGP 130    Egyptian pound ends week lower against US dollar – CBE    Egypt, Slovenia eye stronger economic ties amid regional challenges    Egypt's PM says $7.5bn Qatari investment package being activated    Egyptian FM holds high-level talks in Slovenia, urges EU pressure on Israel    Geopark in Fayoum tops agenda in Egypt-UNESCO environmental talks    Egypt expresses condolences to Sudan after deadly Darfur landslides    CI Capital Concludes EGP 1.3B Securitized Bond Issuance for Al-Tameer Leasing and Factoring (Al Oula)    Egypt PM at SCO summit: Israeli war in Gaza a 'war of starvation'    US, Egypt launch Bright Star 25 military exercises with participation from 40 nations    US ambassador celebrates Egypt's top Thanawaya Amma students, launches $50,000 training initiative    Egypt's Environment Minister leads key meeting to accelerate preparations for Barcelona Convention    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Immigration Ministry, FRA work on 1st insurance policy for Egyptian expats
Insurance policy will be optional for Egyptians abroad starting January 2022
Daily News Egypt Published in Daily News Egypt on 02 - 11 - 2021

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.

Clic here to read the story from its source.