Commercial Line

Group Term life Assurance Policy

Group Term life Assurance Policy the cover of life assurance can also be arranged whereby a policy covers the lives of a group rather than an individual. This scheme covers the insured groups’ /employees/ against both natural and accidental death. The assurance cover remains in force for one year and renewable annually for successive years. The sum assured would be payable to the beneficiaries of the insured in case of death of the group member /employee/ during the policy period. 

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