Personal Line

Individual Term Assurance


Individual Term Assurance is a cover provided under an agreement to pay a death benefit (the sum assured) only if the death of the insured person occurs during a specified period of time; that is the term covered by the policy.  This scheme covers the insured person against both accidental and natural death.  The assurance cover remains enforce for selected period of time, i.e. 5, 10, 15… years or any as selected.  The sum assured would be payable to the beneficiaries of the insured personin case of death during the policy 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...


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