3 Days
Source:
اليوم السابع
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Source: اليوم السابع
3 Daysاليوم السابع
Source: اليوم السابع
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The Unified Insurance Law No. 155 of 2024 authorizes the Financial Regulatory Authority to increase the insurance payout for death and permanent total disability by up to 50%—from EGP 100,000 to EGP 150,000—but the article does not say that an actual increase has been approved. Exercising this authority requires technical and actuarial studies, consultation with the Ministry of the Interior, and the approval of the Prime Minister. It must also take into account the insurance system’s ability to absorb the cost and the effect on premiums. The discussion followed the Middle Ring Road accident, which killed 10 people and injured 24. The head of the insurance pool said the payout had previously risen from EGP 40,000 to EGP 100,000—a 150% increase—while premiums rose by 83%. He added that injured people or their heirs may seek additional compensation through the courts.
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