3 insurers vying to win Egyptian pilgrims’ insurance cover tender

Three insurers are competing to win this year’s pilgrimage travel insurance cover tender launched by the Egyptian Ministry of Interior, sources with knowledge told Amwal Al Ghad on Thursday.

The tender involves cover for hajj pilgrim delegation consisting of the winners of the government’s draw, in addition to others in hajj trips organised by social associations and tourism agencies.

The three bidders, who submitted their technical offers are; Egyptian Life Takaful Company – GIG, Delta Life Assurance, and Mohandes Life Insurance, the sources said.

The ministry will conclude reviewing the offers and announce the winner in the coming few days, the sources added.

Designated for around 78,000 pilgrims, the insurance policy will be with total sum insured of 5.5 billion Egyptian pounds approximately ($303.5 million).

The policy includes cover against death as well as total disablement and permanent partial disablement.

In 2016, 28 Egyptians died from natural causes in Saudi Arabia during pilgrimage due. Earlier, a stampede took the lives of around 126 Egyptians in 2015.