Personal Line

Individual personal accident


The intention of individual personal accident insurance is to pay compensation for death or disablement resulting from accidental bodily injury.

It compensate the insured if sustain any bodily injury resulting solely and directly accidental caused by external violent and visible means such as death, permanent total disability and medical reimbursement.

It provides cover for an individual between the age of 16 and 65 for consequences of accidents.


Scope of cover

  • Death:If a person dies due to an accident the risk is covered and his legal heirs are entitled to get the agreed sum insured.
  • Disability:it can be permanent total or partial disability  and temporary total disability:
    • Permanent total disability:disablement with permanent and irrecoverable nature and is absolutely total and the insured is unable to engage in the productive employment.  Under this disability the compensation is equal to the sum insured.
    • Permanent partial disability: this disability is not total but partial. The compensation will be based on percentage of disability which is defined in the policy.
    • Temporary total disablement: this disablement looks total but stays only for temporary period. The temporary may be days, weeks, months or even years. The payment is on weekly basis.


Some of the basic exclusions are loss:

  1. arise from intentional self-injury, suicide or attempted suicide;
  2. arise whilst under the influence of intoxicating liquor or drug;
  3. resulting directly or indirectly from child birth or pregnancy:

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...


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...


Contact us

Protection House, Mickey Leland Street

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