Personal Line

Endowment Assurance Policy

 

Endowment life assurance is provided under an agreement to pay the sum assured, if the insured person is living at the end of the period of assurance or a death benefit of the same amount for designated beneficiaries if he/she dies within same period. If the insured is alive on maturity, i.e. after 5, 10, 15… years, the insured himself will collect the sum assured. If the insured dies with in policy period, his/her beneficiaries will collect the sum assured.

Furthermore, after two years premium payments, if the insured encountered shortage of money, there is an option to borrow up to 90% of cash value.

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