File Photo: Egyptian workers working in construction sites in one of the Gulf states. AFP
The maximum payout had previously been EGP 100,000.
The upgraded policy, a collaboration between the Ministry of Foreign Affairs and the Financial Regulatory Authority, takes effect this July.
The initiative is part of a broader state effort to integrate Egyptians working abroad and their families into social safety nets through flexible and secure insurance provisions, the ministry added.
The updated policy, officially approved and published in the Egyptian Gazette, allows Egyptians working abroad and their families without work permits to subscribe through the Egyptian insurance agency. This aims to simplify access to insurance services and boost overall coverage rates.
The policy provides greater financial protection in cases of natural death, accidental death, or permanent total disability resulting from an accident abroad.
For natural death, the insurance agency covers the actual cost of body repatriation, up to a maximum of EGP 250,000. If burial occurs abroad, the agency will pay an amount equivalent to the cost of transporting the body from the country of death to Egypt.
In cases of accidental death, the agency covers the actual costs of repatriating the body within one year of the accident date, with the remaining amount distributed among legal heirs.
To be eligible for coverage, the insured must be between 18 and 70 years old at the time of the incident.
The upgraded insurance policy is a direct result of ongoing engagement with Egyptian expatriate communities, Ambassador Nabil Habashi, Deputy Minister of Foreign Affairs, said, adding that millions of Egyptians living and working abroad are set to benefit.
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