News

Egypt Announces First-Ever Insurance Coverage for Egyptians Abroad

mm
Egypt Announces First-Ever Insurance Coverage for Egyptians Abroad

May be an image of 1 person and standing
Minister Nabila Makram | c. Egyptian Ministry of Emigration – وزارة الهجرة المصرية

Minister of Emigration and Expatriate Affairs Nabila Makram announced Egypt’s first-ever international insurance policy in a press conference on Monday 27 December.

“The Egyptian citizen, at home and abroad, tops the list of priorities of the Egyptian state in the new republic,” she stated in the presence of a number of members of the House of Representatives and media outlets.

The mechanism will be active by 1 January 2022, granting insurance to Egyptians abroad. The national project is geared towards protecting Egypt’s expatriates, claimed the Egyptian Ministry of Emigration, and will be implemented via the Egyptian Travel Insurance Association.

May be an image of 6 people, people standing, people sitting and indoor
Press conference | c. Egyptian Ministry of Emigration – وزارة الهجرة المصرية

The Ministry also announced its cooperation with the Financial Supervisory Authority and the Federation of Insurance Companies, in order to simplify the application process.

With a maximum age limit of 65, the insurance policy will cover accidental and unnatural deaths. Any incident should be reported to the Egyptian Pool for Travel Insurance within seven days, with necessary documentation accompanying the claim.

Dr. Mohamed Orman, Chairman of Financial Supervisory Authority, commented that “extending the insurance umbrella to provide protection for Egyptians working and residing outside the country – for the first time – In cases of death, it has long been a challenge to financial oversight and the insurance industry.”

Dr. Orman was quick to add that the implementation of electronic insurance policies has been key to this development; it has provided speed, global accessibility, and streamlined payment methods.

Furthermore, he added the necessity of “raising awareness and publicizing [this insurance development] in order to ensure the simple citizen knows they are available.”

Egyptian expats may register online with the Egyptian Pool for Travel Insurance. There are an estimated 13 million Egyptians abroad, with upwards of 100 million residing locally. Ahram Online reports the increased efforts by government initiatives to encourage expatriate donations to upcoming development projects.

Cultivating a Culture of Curiosity: Egypt's Growing Podcast Market
Coptic Church Launches Nation-Wide Tree-Planting Initiative

Subscribe to our newsletter


News
mm

With a heart for radio and an appetite for culture, Mona is a writer and illustrator based in Cairo. At the Erasmus University Rotterdam, she obtained a BSc and MA in Media, Culture, and Society, while actively writing for the faculty magazine. After graduating, Mona was an academic advisor at the American University in Cairo, as well as Managing Director of a small, campus-based advertising firm. Gears shifting, her knack for cultural research took over - enter: Egyptian Streets. Mona’s focus is tapered to issues of identity politics, culture, and social architecture.

More in News

Egypt to Get Its Very Own Fashion Week For the First Time

Egyptian Streets26 March 2023

Egypt Defeats Malawi 2-0 in Qualifiers for Africa Cup of Nations

Farah Rafik25 March 2023

World Bank and Egypt Agree on a New $7 Billion Five-Year Plan to Support Egypt’s Development

Egyptian Streets23 March 2023

Egyptian Court Denies Adoptive Family Custody of ‘Baby Shenouda’, Citing Lack of Jurisdiction

Egyptian Streets19 March 2023

Khaled El-Balshy Elected as Head of Egypt’s Journalists Syndicate

Farah Rafik18 March 2023

Egypt’s Giza and Saqqara Among 2023 World’s Greatest Places: TIME

Egyptian Streets17 March 2023

Minister of Tourism and Antiquities: Egypt Recorded 11.7 Million Tourists in 2022

Dina Khadr16 March 2023

By 2024, Egyptians May Be Required to Speak French by Law

Dina Khadr15 March 2023