News & Events

Addis Ababa (21^st December 2021) – Nyala Insurance S.C. (NISCO) announced that it has launched a new insurance product, named “Diaspora Special Assistance”  in a view to provide  insurance covers to Ethiopian  nationals who are permanently residing outside their home country.  

                   Diaspora Special Assistance               

The new product which is to be realized in collaboration with the world’s largest reinsurance groups will effectively deal with the following major scenarios:

While the insured is paying a visit to his/country for a short period of time (maximum 90 days), his/her reasonable costs of:

• hospitalization,
• surgery,
• medical fees, and
• pharmaceutical products (prescribed by the attending doctor) will be covered by the policy for a maximum period of 90 days per trip for one solid year.

Journalists raising questions about the feature of the Product

To that extent, the cost will be worked out up to a limit of EURO 10,000.00 (13,000.00 USD; in Birr 640,000.00) followed by an amount of USD 50.00 excess applicability per individual claim request.

By the same token, in case of the death of the insured in his/her country of residence, the “Diaspora Special Assistance” policy will cover the costs of:

• Repatriation of mortal remains from the place where death has occurred to Ethiopia.

In addition, Nyala Insurance (the insurer) will contract to reimburse the costs of repatriation for death of a close relatives (spouse, first degree ascendant or descendant, brother or sister) in the most suitable means of transport accommodations to accompany the mortal remain from the place where death has occurred to Ethiopia.

Nyala Insurance is one of the leading insurance companies in Ethiopia known for introducing new and innovative insurance product. Recently, Nyala Insurance has introduced fully digitalized insurance product known as ” ለ-ሞባይሌ” meaning, “for my mobile”   

             NISCO’s Management Team Members Briefing journalists