28 of 2026, consumer finance companies are required to insure clients who obtain financing up to the age of 65 against the risks of death from any cause and total permanent disability. The decision also permits coverage for clients over the age of 65, subject to agreement between the insurance company and the consumer finance provider. The decision further obliges life insurance and capital formation companies to adopt a unified insurance contract template to cover clients of consumer finance firms. Insurance companies and consumer finance firms have been granted a six-month grace period to regularise their positions in line with the new requirements. The unified contract stipulates that the consumer finance company will act as the policyholder, while the life insurance company will act as the insurer.

Source: Daily News Egypt February 11, 2026 17:59 UTC