Personal Line

Anticipated Endowment Policy

 

This is similar to an endowment assurance except that a part of the sum assured is paid at certain intervals during the term of the policy and the balance of the sum assured together with the accrued bonus at maturity. Premiums payable annually based on the sum assured up to the end of the term or on earlier death of the life assured.

On death of the policyholder during the term of the policy the full sum assured is payable. The partial maturities and bonus are payable in three installments in the ratio of 20%, 20% and 60% within each term.

An overview

Nyala Insurance Share Company (NISCO) was founded in July 1995 following the liberalization of the insurance business to the private sector in 1994 with the Licensing and Supervision of Insurance Business Proclamation No. 85/1994. Read more...

Investments

Apart from its major investments in real estates in the downtowns of Addis Ababa, Bahir Dar and Nazareth, Nyala Insurance selectively invests in various financial institutions like Dashen Bank, which have potentially high investment returns. Read more...

Links

Contact us

Protection House, Mickey Leland Street

Tel: +251-11-6626679/80/76