الهيئة العامة للرقابة المالية

In accordance with the provisions of Unified Insurance Law No. 155 of 2024, issued by His Excellency the President of the Republic, Dr. Mohammed Farid, FRA Chairman has directed the Egyptian Compulsory Insurance Pool (ECIP) to take all necessary measures to accelerate the disbursement of essential compensation to the families of those deceased and injured in the recent tragic accident on the Regional Ring Road.

Under the Unified Insurance Law, the Egyptian Compulsory Insurance Pool (ECIP) is mandated to pay EGP 100,000 compensation for each death. Compensation for the injured will be determined based on the percentage of disability assessed by the Medical Commission.

FRA Chairman expressed his sincere condolences to the families of the deceased, praying for their patience and solace. He also wished a speedy recovery for the injured.

Dr. Farid urged Pool officials to immediately contact the victims’ families and the injured to address their inquiries. This proactive step aims to swiftly complete procedures and disburse the legally stipulated insurance amounts. As per Unified Insurance Law No. 155 of 2024, the Pool is solely responsible for disbursing compensation to those affected by road accidents, operating within the law’s new coverage limits. They must expedite compensation settlements for beneficiaries as soon as accident documentation is received and reviewed.

The Egyptian Compulsory Insurance Pool actively promotes traffic safety through ongoing awareness campaigns. These guidelines are crucial for protecting citizens and drivers, and for preventing accidents. These guidelines are as follows:

• Always drive at a speed that allows you to stop safely if you see a hazard, even if the road condition permits faster speeds.
• Stay focused on the road. Don’t let anything else distract you while driving.
• Keep a safe and adequate distance between your vehicle and others.
• Ensure your vehicle is regularly maintained, paying close attention to the condition of tires and brakes.

For inquiries or assistance, you can reach the Pool at their headquarters or any of their branches:

• Head Office:

44 Abdel Moneim Riad Street, off Batal Ahmed Abdel Aziz Street, Mohandessin, Giza Governorate.

Phone: 02(33047949)

• Tanta Branch:

City Mall Tower, 7th Floor, 42 El Bahr Street, Tanta City, Gharbia Governorate.

Phone: 040(3335132 – 3335131)

• Minya Branch:

Majestic Tower, 4th Floor, El Gomhouria Street, in front of Minya Train Station, Minya Governorate.

Phone: 086(2325388 – 2325389)

• Ismailia Branch:

El Ashry Plaza Tower, Shebin El Kom Street, in front of Ismailia Courts Complex, Ismailia Governorate.

Phone: 064(3169137 – 3169634)

More information can be found on the Pool’s official website: www.ecip-egypt.org