The Egyptian Financial Supervisory Authority (EFSA) approved on Tuesday, for the first time ever, the issuing of life insurance policies for police officers, Al-Ahram's Arabic news website reported.
The policy is worth LE100,000 in case an officer is "martyred" – killed on duty – and LE50,000 if he dies from natural causes before reaching retirement.
An informed source from Misr Life Insurance, the company that issued the policies in cooperation with the interior ministry, told Al-Ahram that "the new policy covers personal accidents, riots, disturbances and terrorism facing police officers".
EFSA head Sherif Samy explained that life insurance for police officers is highly important in such "critical conditions" that the country has been going through.
It is also a message of appreciation to the mission carried out by police officers in serving society, he added.
According to Al-Ahram, entities responsible for the insurance policy have refused to reveal the number of police officers who will be or are expected to be granted the new privilege.
Security forces have been subjected to repeated militant attacks since Morsi's ouster last summer, with around 500 police and military personnel killed.
The militant assaults escalated after the security forces' violent crackdown on Islamists that put thousands behind bars and the dispersal of the main pro-Mohamed Morsi sit-ins in August which led to the death of over 600 civilians.