The new divorced women’s insurance policy discussed as part of the new unified insurance law by the Egyptian Senate 

Divorced Women’s Insurance Policy | Faydety

The new divorced women’s insurance policy discussed as part of the new unified insurance law by the Egyptian Senate came as a nice surprise to a lot of women.Faydety will give you all the details about the new insurance policy issued by the Financial Regulatory Authority (FRA) which will benefit divorced women.&nbsp;The divorced women’s insurance policy will be mandatory. The groom will pay the premium as part of the marriage contract fees. The policy aims to provide a decent life for divorced women until the alimony and other financial obligations that must be fulfilled by the ex-husband are met.&nbsp;<h2>Divorced Women’s Insurance Policy:</h2>&nbsp;<h2>Terms&amp; conditions:</h2>&nbsp;<ul><li>The couple must have been married for more than 3 years.</li><li>A 50 EGP fee is collected as part of the marriage contract fee.</li><li>A 25 EGP fee is collected when the divorce is declared.</li></ul>&nbsp;The purpose of the policy is to grant the divorced woman temporary compensation to help her restart her life especially now that the main financial supporter (husband) is no longer in the picture.&nbsp;Check our article on the new pension law <a href="https://www.faydety.com/learn/عالم-المال-1/قانون-المعاشات-الجديد-شروط-منح-وزيادات-الأرامل-والمطلقات-2107">here</a>&nbsp;<h2>Solve the divorced women’s income problem</h2>&nbsp;The Financial Regulatory Authority (FRA) started discussing this policy after a thorough study on divorced women’s economic conditions post-divorce. The study concluded that the time period from the divorce till a court ruling is issued regarding alimony &amp; other financial rights is between 9-12 months during which a divorced woman has no stable income. According to the Financial Regulatory Authority the divorced women’s insurance policy will help divorced women get through this period until they receive the court ruling.&nbsp;The advantage of this policy is that the insurance amount is dispensed by the insurance company without a court ruling.The insurance compensation is only granted after the 3rd divorce between the same couple (when a couple cannot remarry without a muhallil).&nbsp;&nbsp;<h2>To sum up: &nbsp;</h2><ul style="list-style-type:disc;"><li>The divorced insurance policy is part of the obligatory coverages in the new unified insurance law.</li><li>The couple must have been married for more than 3 years.</li><li>The compensation is awarded only after the third divorce between the same couple.</li><li>A compensation of 25,000 EGP is awarded after the irrevocable divorce.</li></ul>&nbsp;More on the divorce women’s insurance policy <a href="https://www.faydety.com/learn/عالم-المال-1/أول-وثيقة-تأمين-على-الطلاق-تعويض-25-ألف-جنيه-2117">here</a>

Divorce insurance is part of the compulsory coverage in the new unified insurance law

Divorced Women’s Insurance Policy

Insurance is a contract, in the form of a policy, in which an individual or entity receives financial protection and/or compensation against losses from an insurance company. Insuring something means diverting the burden of payment for its loss from a personal responsibility to one that the insurance company bears on your behalf, in a certain percentage, depending on the type of insurance you have.&nbsp;&nbsp;The insurance company relies on calculating the probability of a loss or damage to an insured asset. If there is a high probability, then the insurance cost tends to be expensive; on the other hand, if the probability is low, the insurance cost tends to be relatively cheaper.&nbsp;Let's start with the basics.&nbsp;<h2>Insurance Policy:</h2>&nbsp;As stated briefly above, an insurance policy is a contract between you and an insurance company. This policy outlines your agreement's details and determines the claims that the insurer is legally required to pay in exchange for a premium. It essentially states that the insurer must pay for any loss or damage caused by risks covered under the policy.&nbsp;<h2>Insurance Premium:</h2>&nbsp;An insurance premium is a certain amount of money that you need to pay periodically in exchange for the maintenance of your chosen insurance policy. If you are unable to pay the premium, the insurance policy will be forfeited. If this happens and you decide you would like to keep your coverage, you may be required to pay a fine or charge a higher premium accordingly.&nbsp;<blockquote>The insurance company relies on calculating the probability of a loss or damage to an insured asset</blockquote>&nbsp;<h2>Types of Insurance:</h2>&nbsp;There are many different types of insurance. Though it is possible to divide them into two basic categories, under which the other types of insurance fall, the two categories are:&nbsp;<h2>Life Insurance / Health Insurance</h2>&nbsp;Life insurance is a contract between you and an insurance company where, in exchange for premium payments paid by you during your lifetime, the company will pay a sum of money to your beneficiaries after your death.&nbsp;&nbsp;Health insurance covers medical expenses that may arise due to illness. These expenses could entail costs of hospitalization, cost of medicines, or medical consultation fees.&nbsp;These insurance types are primarily based on individuals, although some countries go one step further and provide pet insurance. This is because, at times, the cost of medicines and veterinarian visits are higher than the costs of individuals.&nbsp;<h2>Property Insurance / Disaster Insurance</h2>&nbsp;This type of insurance reimburses an individual or business and protects a physical property against loss from theft, fire, natural disasters, etc. Property insurance covers the building or structure itself as well as its contents, whether personal or corporate, including furnishings, inventory, and other items.&nbsp;Get your <a href="https://www.faydetyinsurance.com/en">Insurance Policy</a> Now through Faydety!

What do you know about the Insurance system in Egypt? and what's its Policies, Premium, and kinds? All you need to know about insurance

Divorced Women’s Insurance Policy

Divorce insurance is part of the compulsory coverage in the new unified insurance law

Divorced Women’s Insurance Policy:

Terms& conditions:

Solve the divorced women’s income problem

To sum up:

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