Insurance Policy Terms

Insurance Coverage Terms & Details

Basic Agreed Information
Signature: This certificate does not require the insured’s signature.
Geographical Scope: Inside the Arab Republic of Egypt only.
Device Condition: Coverage is limited to new devices only.
Coverage Duration: One year (non-renewable).
Number of Claims: One claim only per device (total or partial) during the insurance period.
Policy Activation: After payment of the premium and inclusion of the device in the seller’s reports.
Important Note: Insurance does not cover earphones.
Coverage & Claims

Covered Risks: Physical damage resulting from breakage and/or fire or water immersion.

In case of an incident, you must notify “Fawry” Company on hotline 16421
(Within no more than two weeks from the date of the incident)
Deductible Percentages (paid by customer)
Type of Damage Device Value / Condition Deductible
Partial Damage Devices up to 20,000 EGP 20% of repair cost
(Minimum 250 EGP)
Devices above 20,000 EGP 30% of repair cost
(Minimum 250 EGP)
Total Loss All devices 30% of device market value

* It is agreed that deductibles are calculated based on the insured amount or the device’s market value (whichever is lower).

Total Loss Conditions & Missing Accessories
Total Loss Definition: A device is considered a total loss if repair costs exceed 60% of its value.

In case of total loss, the following amounts will be deducted if the customer does not return the accessories:

Missing Item Deduction Value
Battery 10% of device invoice value
Earphones 1,000 EGP
Charger 1,000 EGP
USB Cable 500 EGP
© Raneen 2026. All Rights Reserved.