Egypt – EGP 40 thousand compensation for rapid transit accidents
Friday, 04 15 2016, Category: Insurance and Reinsurance, Country: Egypt
The Assistant Secretary General of the Insurance Federation of Egypt Dr. Ashraf Ismail said that there are many citizens who are exposed to the rapid transit vehicle accidents and who do not know the procedures which should be followed in order to obtain compensation as stipulated by the law i.e. EGP 40 thousand in case of death or total disability.
Mr. Ismail added in statements to “Youm 7”: There is no doubt that many citizens exposed to rapid transit vehicle accidents do not know the procedures that should be followed in order to obtain the compensation stipulated by the Egyptian legislation. The first article of the compulsory insurance law for the liability arising from rapid transit vehicles inside the Arab Republic of Egypt says that death, bodily injury as well as third party material damage except depreciation are all covered by the insurance policy, which the law enforces.
Source: Youm 7