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Long Trem Insurance

Ethiopian Insurance Corporation provides different types of basic long term insurance policies.

Individual Life Insurance Policies

A term life insurance policy is the simplest form of life insurance. You pay a premium for a period of time – typically between 10 and 30 years – and if you die during that time a cash benefit is paid to your family (or anyone else you name as your beneficiary).

Term Life Assurance

A term life insurance policy is the simplest form of life insurance. You pay a premium for a period of time – typically between 10 and 30 years – and if you die during that time a cash benefit is paid to your family (or anyone else you name as your beneficiary).
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.

Ordinary Endowment

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its ‘maturity’) or on death.
Endowment annuities are contracts between you and an insurance company that can provide a unique combination of insurance and investment features. It is designed to provide guaranteed or fixed income during retirement.

Endowment Annuity

Endowment annuities are contracts between you and an insurance company that can provide a unique combination of insurance and investment features. It is designed to provide guaranteed or fixed income during retirement.
Whole life insurance provides coverage throughout the life of the insured person. In addition to paying a tax-free death benefit, whole life insurance also contains a savings component in which cash value may accumulate.

Whole Life Assurance

Whole life insurance provides coverage throughout the life of the insured person. In addition to paying a tax-free death benefit, whole life insurance also contains a savings component in which cash value may accumulate.
A Child Education Insurance Plan is essentially a life insurance policy that extends protection and a platform for saving money to guarantee a protected future for your child.

Children’s Education (with profit)

A Child Education Insurance Plan is essentially a life insurance policy that extends protection and a platform for saving money to guarantee a protected future for your child.
Anticipated endowment policies are similar to regular endowment policies except that a part of the sum assured is paid at pre-specified intervals during the term of the policy. The balance of the sum assured together with the accrued bonuses is paid at maturity.

Anticipated Endowment (with profit)

Anticipated endowment policies are similar to regular endowment policies except that a part of the sum assured is paid at pre-specified intervals during the term of the policy. The balance of the sum assured together with the accrued bonuses is paid at maturity.
MPI is a type of insurance policy that helps your family make your monthly mortgage payments if you – the policyholder and mortgage borrower – die before your mortgage is fully paid off.

Mortgage Protection Assurance

MPI is a type of insurance policy that helps your family make your monthly mortgage payments if you – the policyholder and mortgage borrower – die before your mortgage is fully paid off.

Group Life Insurance Policies

Group term life insurance is a type of temporary life insurance in which one contract is issued to cover multiple people. The most common group is a company where the contract is issued to the employer who then offers coverage to employees as a benefit.

Ordinary Group Term Assurance

Group term life insurance is a type of temporary life insurance in which one contract is issued to cover multiple people. The most common group is a company where the contract is issued to the employer who then offers coverage to employees as a benefit.
Modified life insurance refers to an ordinary life insurance policy with premiums adjusted so that, it offers lower premiums for a short time, followed by a higher rate for the remainder of the policy.

Modified Large Group Term Life Assurance

Modified life insurance refers to an ordinary life insurance policy with premiums adjusted so that, it offers lower premiums for a short time, followed by a higher rate for the remainder of the policy.
Group Endowment Scheme is a unique saving and protection scheme through which the employees of an employer can enjoy insurance protection throughout their service and also get a lump sum cash amount upon their retirement if they survive upto retirement.

Group Endowment

Group Endowment Scheme is a unique saving and protection scheme through which the employees of an employer can enjoy insurance protection throughout their service and also get a lump sum cash amount upon their retirement if they survive upto retirement.
Group medical coverage refers to a single policy issued to a group (typically a business with employees, although there are other kinds of groups that can get coverage) that covers all eligible employees and sometimes their dependents.

Group Medical Assurance

Group medical coverage refers to a single policy issued to a group (typically a business with employees, although there are other kinds of groups that can get coverage) that covers all eligible employees and sometimes their dependents.

Important Notes

Life Insurance Important Notes

  • Life

    የሕይወት መድን ዋስትና ለመግዛት የሚያስፈልጉ ሁኔታዎች

    1. የግል የሕይወት ዋስትና እና የግል የሕክምና ዋስትና

    1.1 የገቢ ምነጭ ያለው መሆን አለበት

    1.2 የቀበሌ ወይም የመ/ቤት መወቂያ ይዞ እንዲቀርብ ይጠየቃል፡፡

    1.3 ኘሮፖዛል ፎርም እነዲሞላ ይጋበዛል አስፈላጊ ሲሆን የጤና ምርመራ እንዲያደርግ ይጠየቃል፡፡

    1.4 የገል የሕክምና ዋስትና የሚሸጠው የግል የሕይወት ዋስትና ሲኖር ብቻ ነው፡፡

    1. የቡድን የሕይወት ዋስትና እና የቡድን የሕክምና ዋስትና

    2.1 የአባለቱ ቁጥር ከ2ዐ ያላነሰ ሕጋዊ ቡድን መሆን አለበት፡፡ቡድኑ ኢንሹራንስ ለማግኘት ሲል ያልተቋቋመ መሆን አለበት፡፡
    በአንድ መ/ቤት የሚሰሩ ሠራተኞች የሙያ ማኀበራት እና የመሳሰሉት ሕጋዊ ሰውነት ያላቸው መሆን አለባቸው፡፡

    2.2 የኡንሹራንስ ጥያቆ የውሉን ዓይነትና እነዲሁም የአባሎች ስም፣ ጾታ፣ ደመወዝና የሥራ ዓይነት የሚገለጽ ዝርዝር በጽሁፍ መቅረብ ይኖርበል፡፡

    2.3 የቡድን የሕክምና ዋስትና ያለምንም ቅድመ ሁኔ -የመድን የሕይወት ዋስትና ሳይኖር ሊሸጥ ይችላል፡፡ ሆኖም ግን ቁጥራቸው ከ2ዐ ላለነሰ አባላት ብቻ ነው፡፡

    ማሳሰበያ: በተጨማሪም  ማስረጃ ወይም ሰነድ እንደአስፈላጊነቱ  ሊጠየቁ ይችላሉ፡፡

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