Personal Line

Individual Life Policy Riders


1. Comprehensive Accident Indemnity Rider (CAI Rider): this is an additional policy /rider provided in bundle with basic Life Assurance policies. In addition to the partial/ permanent disability benefit payment, it doubles the amount of benefit payable for the basic life cover if the insured dies as a result of an accident. Concerning disability, a percentage payable would be determined based on the medical board decision and or the schedule of benefits of CAI rider attached to the policy.

2. Waiver Of Premium Rider: is an additional policy provision that allows the insured not to pay premiums during a period of disability that has lasted for a particular length of time. NISCO will waive premium payments for the insuredif he/shehas been totally disabled for at least six months.

3. Critical Illness Riderthis is a cover provided to a group life policy holder when anymember contracting for the first time one of the medical conditions in the policy like heart attack, cancer, stroke …. The Company will be contracted to a lump sum cash paymenton first positive diagnosis of any of the listed diseases by a registered qualified medical practitioner supported by medical evidence acceptable to the Company.

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