Tsehay Insurance Company executivesPhoto credit : The Ethiopian Reporter
borkena
February 27,2019
New Insurance Service unveiled today allows Ethiopians in the Diaspora to buy Accident and Health Medical Coverage Insurance for the families and/or parents back in Ethiopia.
A report published by Ethiopian Reporter today, in Amharic, says National Bank of Ethiopia granted license to Tsehay Insurance, new insurance firm that is providing the service to Ethiopians.
Kassa Lisanework, Chief Executive of Tsehay Insurance, is cited as saying that the insurance coverage is starting Wednesday, February 27, 2019.
While North America is identified as a priority area for the new insurance service Ethiopians could buy the insurance coverage online from anywhere in the world, according to The Reporter’s report. The insurance company is partnering with
“Accident and Health Medical Cover Insurance for the Families of Ethiopian Diaspora,” as is named by the insurance company, intended to cover medical expense for families living in Ethiopia and compensation in the event of accident.
The decision to start the new insurance service is informed by the Insurance Company’s study which indicated that a considerable number of Ethiopians in the diaspora demonstrated need to buy the coverage, indicated Reporter’s report.
Tsehay Insurance has over 13 branches in the capital Addis Ababa alone. It also has branches in major regional cities and in Dire Dawa.
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