Accident Risks Insurance Pool Disbursed EGP 6.6 Mln Compensations In H1
The Railways, Underground-Metro & Highways Accident Risks Insurance Pool disbursed EGP 6.595 million compensations to the injured and the families of people killed in railways, underground and highways accidents in the first half of FY 2012/2013, said Mortada Mohamed, executive director of the pool.
The Pool disbursed compensations of EGP 3.28 million for the families of the dead and EGP 540,000 for the injured in railways and underground accidents at the end of last December
The Pool also disbursed compensations of EGP 2.684 million for the families of the dead and EGP 91,600 for the injured in highway accidents at the end of last year.
The Railways, Underground-Metro & Highways Accident Risks Insurance Pool is a non-profit organization which disburses compensations directly after reviewing the declaration of inheritance. Each of family of the dead and each total-disability injured receive compensation of EGP 20,000, while compensation offered to the rest of the injured is determined according to the percentage of injury.
The value of compensations disbursed by the Pool since its launch and at the end of June of 2011 reached EGP 72 million.
It is worth mentioning that the Pool disbursed compensations of EGP 11.2 million; EGP 6.4 million to the families of the dead and the injured in railways and underground accidents and EGP 4.8 million the families of the dead and the injured in highways accidents.
