الهيئة العامة للرقابة المالية

• The decision issued in line with the joint MOU between the Ministry of Foreign Affairs and the FRA.
• The new policy launches August 1 at an annual premium of EGP 400.
• The policy covers expats, workers and their families – now including unfair dismissal risk.
• Retains full coverage for permanent total disability from accidents and repatriation costs for all deaths.

Dr. Islam Azzam, FRA Chairman has issued a decision modifying and enhancing the personal accident insurance policy for Egyptian expatriates and their families. Under the new updates, the policy now includes coverage for unfair dismissal with compensation of up to EGP 100,000.  In addition to compensation of EGP 250,000 for permanent total disability resulting from an accident. This comes in addition to existing coverage for natural or accidental death which covers full body repatriation costs to Egypt.

The update aligns with presidential directives and state efforts to safeguard the interests of Egyptians living abroad. It operationalizes a cooperation protocol signed this July between the Ministry of Foreign Affairs and FRA, with active participation from the Ministry of Interior and the Egyptian Travel Insurance Pool (ETIP) to maximize the insurance benefits available to expats.

The upgraded optional policy will officially take effect on August 1, 2026, for an annual premium of EGP 400.

“The addition of unfair dismissal coverage directly addresses demands raised during the 6^th expat conference last year,” stated Dr. Islam Azzam, FRA Chairman. He noted that the policy covers this risk with payout claims up to EGP 100,000 upon proof of employment termination and deportation for reasons beyond the worker’s control, including mass repatriations due to political or economic conditions.

Dr. Azzam added that this decision demonstrates the integration of state efforts to deliver comprehensive insurance protection for Egyptians abroad. It underscores a commitment to refine protective tools, responding to humanitarian and social needs and adapting quickly to global labor market dynamics through modernized regulatory frameworks.

He also emphasized the vital role of the Ministry of Foreign Affairs in driving awareness among Egyptian communities worldwide to ensure these updated benefits reach all demographics, noting that the upcoming 7^th expat conference next month presents a key opportunity to reinforce these awareness efforts.

Under the agreement, Financial Regulatory Authority (FRA – acting through the Egyptian Travel Insurance Pool (ETIP) – will manage digital policy issuance, premium collection and fast-track claims processing while conducting regular actuarial studies to align pricing with performance.

 Concurrently, the Ministry of Foreign Affairs will leverage its global diplomatic channels and community networks to drive awareness campaigns and promote the policy’s benefits to Egyptian expatriates worldwide.