The Egyptian Financial Supervisory Authority will hold a press conference to announce the details behind launching the first insurance pension policy in US dollars for Egyptian expatriates. The move is being done in cooperation with the National Bank of Egypt and Misr Life Insurance Company, a subsidiary of the Misr Insurance Holding Company. The new policy aims to motivate Egyptian expatriates to increase dollar remittances, while providing social protection at the same time in the form of pension to beneficiaries. Expatriates between 18-59 years old will be able to purchase a pension plan in dollars. The minimum duration of each policy will be five years, provided that the pension is paid
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