New Social Insurance Law to Be Implemented for Egyptian Expats
The Ministry of Emigration and Expatriate Affairs will cover the cost of transporting the body of the deceased back home and the insurance payment would be disbursed to legal heirs.
The Ministry of Emigration and Expatriate Affairs has announced a new life insurance policy specifically for Egyptians living abroad. The first of its kind, Egyptian expats who join the programme will pay an annual fee of EGP 100 and in return the Ministry will be committed to disbursing a sum of EGP 100,000 in case of accidental deaths.
The Ministry will cover the cost of transporting the body of the deceased back home and the insurance payment would be disbursed to legal heirs. In the case of natural deaths, they will only pay to transport the deceased back home. A maximum age of 65 has been set for expats looking to register for the insurance policy.
An estimated 13 million Egyptians live abroad, while the number of Egyptians living at home stands at 102.7 million. Money sent back to Egypt from Egyptian expats reached USD31.4 billion for the 2020/2021 fiscal year, a 13% increase compared to 2019/2020 and 70% higher than in 2013/2014.
Egyptians living abroad can register for the policy online through the Egyptian Pool for Travel Insurance (EPTI) via their website athttps://epti-egy.org/ep/.
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