Egypt’s Financial Regulatory Authority has directed the Egyptian Compulsory Motor Insurance Pool to expedite compensation for families of those killed and people injured in a collision between a passenger bus and a heavy truck in Fayoum governorate. The preliminary toll was 13 deaths and more than 34 injuries. Compensation under the Unified Insurance Law No. 155 of 2024 is EGP 100,000 for each death, while injury payments depend on the disability percentage determined by the medical commission, within the applicable insurance coverage limits. Authority Chairman Islam Azzam instructed the pool to contact affected families immediately and facilitate claims settlement. Payments are subject to receipt of complete accident documentation and confirmation that the compulsory insurance policy was valid. The pool’s executive director confirmed that representatives would contact families to obtain the required documents before payments begin.
Egypt’s Financial Regulatory Authority directs expedited insurance compensation after Fayoum crash, with EGP 100,000 payable per death
Egypt’s Financial Regulatory Authority instructed the Egyptian Compulsory Motor Insurance Pool to accelerate compensation following a Fayoum crash that left an initial 13 people dead and more than 34 injured. Families are entitled to EGP 100,000 per death, while injury compensation depends on medically assessed disability and coverage limits. Payment requires complete accident documentation and confirmation of valid compulsory insurance coverage.