Egypt’s Royal Insurance Pays EGP 300 K Compensations to LG Electronics

Royal Insurance Company paid compensations for LG Electronics Egypt company worth EGP 300 K  as result of an error which occurred while they were charging the transmitted devices. said Tarek Gabr, head of insurance benefits department at the company.

Gabr added that the document includes the coverage of internal insurance- road transport, pointing out that companies paid limited compensations during the recent period in most sectors except supplementary car insurance sector, which suffered from heavy losses, expecting that the coming period will recover from the political and economic events.

It  is worth mentioning that he compensations which have been paid by Royal reached around EGP 85.7 million within the last fiscal year of 2012-2013.