Egypt: Students to get mandatory personal accident cover

Source: Middle East Insurance Review | May 2015

The Insurance Federation of Egypt (IFE) has finalised a personal accident insurance policy for school and college students, providing cover of EGP50,000 (US$6,553) per student.

An IFE official said the mandatory insurance will cover against death and disability. In addition, it will provide cover for medical treatment in the event of injury in an accident of up to EGP1,000. The policy also provides cover for funeral expenses to a maximum of EGP1,000.

The cover is for accidents suffered by a student while in school, or on the way to and from school, or during activities carried out under the supervision of the competent authorities, reported the local media.

The insurance policy will be contracted between the IFE – on behalf of insurance companies – and the Ministry of Higher Education in the case of insurance for tertiary students, and the Ministry of Education in the case of other students. Egypt has more than 20 million students enrolled in schools and tertiary institutions.

EGP1 = US$0.13

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