In a view to provide insurance covers to Ethiopian nationals and Ethiopian descent diaspora, who are permanently residing outside of the country, Nyala Insurance S.C. (NISCO) announced that it has launched a new insurance product dubbed “Diaspora Special Assistance”.
The new product which is to be realized in collaboration with the world’s largest reinsurance groups will effectively covers costs of hospitalization, surgery, medical fees, and pharmaceutical products prescribed by the attending doctor while he/she is paying a visit to his/her country for 90 days.
Accordingly, costs of the insured by the policy for a maximum of 90 days per trip for a year. To that extent, the cost will be worked out up to a limit of €10,000 $13,000 or 640,000 Birr followed by an amount of $50 excess applicability per head 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.
Furthermore, Nyala Insurance will contract to reimburse the costs of repatriation for death of 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 the place of burial.
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 “Le mobayile” or literarily meaning “For my mobile”.