In line with the joint Memorandum of Understanding between Egypt's insurance regulator, the Financial Regulatory Authority (FRA) and Ministry of Foreign Affairs, a new policy covering Egyptian expatriates, workers and their families, will now including unfair dismissal risk.
According to a statement by the FRA, this update aligns with presidential directives and state efforts to safeguard the interests of Egyptians living abroad.
The expanded policy, with yearly premiums of EGP400 ($7.84) will be launched on 1 August 2026. It will offer compensation of up to EGP100,000 in the case of unfair dismissal, on top of payouts of EGP250,000 for permanent total disability resulting from an accident. This will come in addition to existing coverage for natural or accidental death, and also covers full body repatriation costs to Egypt.
“The addition of unfair dismissal coverage directly addresses demands raised during the 6th expat conference last year,” said FRA Chairman Islam Azzam.
Dr Azzam also noted that to make a claim, proof of employment termination and deportation for reasons beyond the worker’s control, including mass repatriations due to political or economic conditions, must be shown.
The FRA, acting through the Egyptian Travel Insurance Pool, will manage digital policy issuance, premium collection and claims processing, while also conducting regular actuarial studies to align pricing with performance.
Concurrently, the Ministry of Foreign Affairs will leverage its global diplomatic channels and community networks to drive awareness campaigns and promote the policy’s benefits to Egyptian expatriates worldwide.