Insurance Consortium Pays Train, Underground Accidents Compensations

The Insurance Federation of Egypt (IFE) issued a statement expressing condolence to the families of children killed in an accident in Manfalut.

At least 40 young children were killed last Saturday when a train collided with their bus on a railway crossing in Manfalut, 356 kilometres (220 miles) south of Cairo.

IFE affirmed that the role of insurance companies is to address the demands of citizens. IFE has set up an insurance consortium of all insurance companies to cover catastrophes.

The insurance consortium was established after the train accident in Upper Egypt region in which 350 were dead. An agreement was signed by IFE, Egyptian Insurance Supervisory Authority and Egyptian Railway Authority for this issue.

The insurance consortium covers the accidents of train and underground as well as the results of which including deaths and injuries. The consortium covers all passengers and bystanders at train stations and pays EGP 20,000 for each case of death or total permanent disability.

IFE stated that the heirs have to submit the death certificates, medical reports and decrees of distribution, while the injured shall submit the medical reports.