Egypt’s Financial Regulatory Authority directed the Railway and Metro Accident Insurance Pool to expedite compensation following a collision between two trains in Al Ayyat, Giza, and exceptionally increase payments for death and permanent total disability from EGP 30,000 to EGP 50,000, with payouts to follow completion of the required documentation and other injury claims handled under applicable legal rules and required medical reports.
Egypt’s Financial Regulatory Authority directs exceptional increase in death and permanent total disability compensation to EGP 50,000 after train collision
Egypt’s Financial Regulatory Authority instructed the Railway and Metro Accident Insurance Pool to accelerate payouts after the Al Ayyat train collision in Giza and exceptionally raise death and permanent total disability compensation from EGP 30,000 to EGP 50,000, payable once the required paperwork is complete, while other injuries remain subject to applicable rules and medical reports.