Addis Ababa, Ethiopia
For Reliable Service and Dependable Capacity. For all your general and travel health insurance service rely on lion insurance company
Addis Ababa, Ethiopia
Ethiopia's Social Health Scheme will include all family health services and curative care that are part of the Essential Health Package in Ethiopia.
Addis Ababa, Ethiopia
Ethiopian Environment and Forest Research Institute is newly established research institute by the council of ministers regulation No. 327/2014 in order to protect our forests and plant more trees to preserve the climate and resist global warming and to help the countries fast development of green Economy.
Addis Ababa, Ethiopia
Insurance Fund Administration Agency(IFAA)The Federal Democratic Republic of Ethiopia House of People's Representative has introduced Vehicle Insurance Against Third Party Risks (VIATPR) Proclamation No. 559/2008, which requires owner of vehicle to have a minimum third party motor insurance that provides compensation to victims of road traffic accidents and covering the cost of emergency medical treatment.
Addis Ababa, Ethiopia
Abay Insurance S.C. was established in July 2010 in accordance with the licensing and supervision of insurance business proclamation No. 86/1994. The paid up capital of the company is Birr 92 million, which will be raised to Birr 100 million shortly.
Addis Ababa, Ethiopia
Global Insurance Company has been showing remarkable upward trend growth especially during the last 3 years. This has been achieved despite fierce competition in the insurance market. Seek long-term relationships with our customers, based upon quality of service and productivity improvement, not lowest price, Respect the dignity, rights and contributions of our employees, Attract and retain a skilled workforce by adhering to a stringent recruitment policy, Continue to improve the quality of our services for our customers, Continue to improve the mechanism for identifying and satisfying customer needs through our Insurance.
Addis Ababa, Ethiopia
We give broker service in regard to insurance matters including consulting. We give priority to our customer satisfaction
Etiopia, Addis Ababa,
አባቲ ኢንሹራንስ ብሮከርና አማካሪ
Etiopia, Addis Ababa,
ሲቲ ኢንሹራንስ ብሮከርስ
Etiopia, Addis Ababa,
ከኮንትኔታል ኢንሹራንስ ብሮከርስ
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SOS Children’s Villages Ethiopia
Serving the Area
011 661 1655
Tigrai Development Association
Serving the Area
034 440 0999

All you need to know about life insurance

Why is life insurance less developed in Ethiopia?

Acquiring a life insurance means purchasing a peace of mind knowing that your family’s financial future is secured, by taking care of them when you may not be able to. Regardless of its prospective benefits, insurance business in general and life insurance specifically are not developed in Ethiopia. Observing the track record of insurers in Ethiopia, the life insurance business has been avoided from their business portfolio and weak headedly annexed to general insurance businesses.

Why is life insurance less developed in Ethiopia? In the eyes of insurers, the Ethiopian market with its predominantly youthful population presents profitable and diverse business opportunities. Akin to all sectors, life insurance needs to be linked with Ethiopia’s development plan, although, the growing middle-class is rising, the particulars that make up life insurance market in the country are not very well known to the majority.

The significance of life insurance in developed countries has been renowned much earlier. Tragedies are thereby decreased, or perhaps, mended. Besides the benefit it grants the insured and beneficiaries, the occurrence of certain events as sudden death, critical conditions and terminal illness could be financially taken care of depending on the contract. Insurance is considered as reluctant market, in Ethiopia, its assumed buying life insurance is a form of luxury, but keeping its benefits in mind, everyone should consider purchasing life insurance as a necessity.

But despite what is mentioned above there are several insurance companies in Ethiopia. Just to mention the best known ones Ethiopian Health Insurance Agency, Insurance Fund Administration Agency, Global Insurance Company, Addis Insurance Brokers, Global Insurance Company, Abay Insurance S.C. and Lion Insurance Company (S.C) are on the top of the list. And if you are new to Addis and you are looking for insurance companies we advise you to visit one of this firms to get the best service you seek.   

Visit www.yp.et  for more information on the untapped life insurance market in Ethiopia.

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