insurance
Director General of the General Authority for Comprehensive Health Insurance in Luxor Governorate, Dr. Rehab Ali Abdel Wahab, said that Luxor is one of the governorates to have entered the comprehensive health insurance system in the first phase, after Port Said.
The Financial Regulatory Authority (FRA) has unveiled new regulations governing the investment allocations of insurance and reinsurance companies. The move is part of broader efforts to enhance financial stability and optimize investment efficiency in the sector.
Expats can register themselves on the website of Banque Misr, paying just LE100 per annum.
The Egyptian state attaches great importance to the health sector, by launching a package of urgent health services to bridge the gap in services that faced shortages.
One of the reasons is that Russia and Ukraine combined fulfill 30 percent of the global market's needs of wheat, cooking oil, and grains.
The minister added that the target number of beneficiaries has also been increased.
Omran explained, during a conference held, Monday, that the total insurance premiums during 2021 rose to LE 47.5 billion, compared to LE 40.1 billion during 2020, marking an increase of about 18.5 percent.
Expats can register themselves on the website of Banque Misr.
Omran said that the new insurance law is in its final consultations in preparation for its issuance.
By adding those 15.5 million citizens, the total number of health insurance beneficiaries rises to 65,930,829.
According to Fitch Solutions, the value of the Egyptian pound is unlikely to drop despite an upward inflation rate, the IDSC said in a report Tuesday.
The insurance covers permanent injury and death.
The program provides insurance against accidents that might involve Egyptians working abroad, said acting chairman of the FRA Mohamed Omran during a conference on expat remittances that kicked off here earlier Sunday.
Minister of Immigration and Egyptian Expats Affairs Nabila Makram made the statement Monday.
President Abdel Fatah al-Sisi was handed the report, titled "Development: A Right for All, Egypt’s Pathways and Prospects."
The authority is capable of paying all its financial dues on time, Ma’it said, noting that about 425 million pounds have, so far, been paid.
A few months ago, the Cabinet approved a decision to establish two funds to provide insurance for pre-academic students nationwide and for Al-Azhar students.
Minister Al-Mashat stated, "increased coordinated action to expedite healthcare spending and pave the way for an inclusive post-COVID economic recovery is a national priority."
The new amendments provide an annual increase of 15% to the gross salary and compensation of the army personnel for seven years.
Preparations to introduce the universal health insurance system in Luxor are underway as the pilot phase will be launched by March.
