Commercial Line

Mortgage Protection Assurance

 

An assurance policy designed specifically to repay mortgage debt in the event of the death of the borrower. These policies differ from traditional life assurance policies in that, for a traditional policy, the death benefit is paid out when the borrower dies; however, a mortgage life assurance policy doesn't pay unless the borrower dies while the mortgage itself is still in existence. 

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