Egypt’s Financial Regulatory Authority (FRA) has raised the maximum age for microfinance insurance from 60 to 65 years as part of an updated standard group insurance model, according to a statement from the authority. The decision, issued by FRA Chairperson Mohamed Farid, introduces a new framework for life and permanent total disability coverage for micro-project funding recipients. Under the updated model, insurance coverage may also be extended to individuals over the age of 65, subject to specific agreements between the insurer and the financing body. The policy covers death from any cause and permanent total disability. The contract defines permanent total disability as an incurable condition lasting six consecutive months that entirely prevents the insured from working.

Source: Daily News Egypt February 09, 2026 16:35 UTC