Insurance in Egypt

Insurance in Egypt

Health Insurance

It is strongly advised that you take out sufficient private health insurance in Egypt. Serious health problems may require air evacuation to a country with more state-of-the-art medical facilities. The Egyptian government announced its plans to establish fifty new state hospitals in Egypt, using both local and foreign private sector financing. The project is scheduled to be completed before the implementation of a new public health insurance system in 2010. - See more at: http://www.startupoverseas.co.uk/starting-a-business-in-egypt/insurances.html#sthash.DIO6Mbyb.dpuf

Life Insurance

Life insurance isn't just something to think about when you reach old age. In fact, the earlier you take it out, the better deal you get. Insurers are more likely to give a better deal to someone who is young and healthy than old and ill. Even if you have no family or dependents to worry about, there are still very good reasons for you to invest in life insurance. Life insurance isn't really a country-specific affair, like health or vehicle cover is. It is tailored to your individual circumstances and needs. It is important to know the kinds of life insurance available to you. Typically, these are term/temporary insurance and investment/permanent insurance. Term insurance invariably provides compensation and benefits to a family or dependent in the case of death within the terms outlined in the policy. It ensures that, in the instance of death, the people you leave behind are not left in financial turmoil. Investment-type insurance will be inclusive of endowment and 'whole of life' policies, and is valid for as long as premium payments are made. Technically, part of the premium is invested and will build in value. It can even be cashed before you die. Therefore, the earlier you buy, the more will accumulate, the more you can reclaim. It is essential to remember, that, when looking for a life insurer, you shop around. It is imperative that you get a deal to suit your needs. So, with this in mind, not only are you looking for a good price, but a suitable, individual policy. Ask yourself what you need from a life insurance policy. There are many people that can help you deduce which company and policy is most appropriate for you, and there are many price comparison sites located on the internet. - See more at: http://www.startupoverseas.co.uk/starting-a-business-in-egypt/insurances.html#sthash.DIO6Mbyb.dpuf

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