Egypt – EGP 500 thousand maximum microinsurance cover
Saturday, 08 06 2016, Category: Insurance and Reinsurance, Country: Egypt
Mr. Sherif S. Samy, Chairman of the Egyptian Financial Supervisory Authority said that the current microinsurance law is being reviewed in order to reach new categories within the program of the Egyptian Financial Supervisory Authority to extend financial inclusion and financial tools’ innovation.
Mr. Samy added that the Authority suggested that the maximum insurance limit does not exceed EGP 500 thousand noting that the maximum limit will differ according to every insurance policy.
Source: Al Borsa