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Royal Insurance Company offered benefits of EGP 438,000 to Pan Egypt Travel, sources said.
Pan Egypt Travel received EGP 268,000 benefit as a result of an accident and EGP 170,000 for another accident.
Pan Egypt Travel holds an insurance policy covering all the company’s properties and assets against all risks of fire and burglary as well as engineering insurance and marine transport insurance.
Royal Insurance Company paid compensations of EGP 21.4 million in Q1 of FY 2012/2013.
