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Teachers' Mutual Fund raises benefits
The Teachers' Cooperative Fund announced an increase in the value of benefits and services it provides to its members. The insurance benefit value has risen from 15,000 to 60,000 Egyptian pounds, as a result of successful actuarial investment studies. Additionally, the marriage loan has been increased from 5,000 to 20,000 Egyptian pounds, and a new Death Injury Grant of 40,000 Egyptian pounds has been introduced, non-repayable. Furthermore, the fund approved a grant of 10,000 Egyptian pounds in gift loans for parents who are teachers and have children in high school or university. It also introduced a non-repayable health grant of 20,000 Egyptian pounds for serious illnesses such as cancer, kidney failure, and other chronic diseases, all aimed at improving the living and health circumstances of teachers and their families.
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