"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

Page 42

Ethiopian Insurance Corporation Ensuring GERD'S Safety

I

n Ethiopia, modern institutionalized financial services such as insurance and banks have been playing significant roles in addressing societal problems. They are socially responsible institutions indeed. For ages Ethiopians had been receiving financial services through informal means, known locally as,“iqqubs”, “iddirs” and “mahbers”. Ethiopian insurance in its modern form first began in 1905 when the then Bank of Abyssinia which was owned by the Bank of Egypt began to transact insurance as an agent of a foreign insurance company which would underwrite fire and marine insurance policies in Ethiopia.

Established on the 1st January 1976, the Ethiopian Insurance Corporation renders more than 15 types of policies in the life Insurance Sector. Life insurance policies can be bought individually and in-group, which enable the insured to get various benefits. The benefit gained from these insurance policies depends on the choice of the customers. The different types of life insurance policies the corporation provides are: Endowment (Ordinary endowment, Anticipated Endowment Policy with profit, children% 2019s Education policy with profit, Annuity etc.) (Individual Term life Assurance, Group and Modified Large groups Term Life Assurance, Individual and Group Mortgage Protection Assurance etc) Whole Life Assurance and Medical Assurance (Individual medical Assurance, Group Medical Assurance, and Executive Medical Assurance & Travel Health Assurance) are among the major ones. The Corporation also prepares and provides policies, which go along with the social and economic standard

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Abyssinia Business Nework // ABN

I sometimes pay visits to my birth place where Dedessa River, one of Nile’s tributaries crosses the surrounding. I really used to feel angry and annoyed whenever I saw the River washing the fertile soil around, running, and flowing into Abay

ልዩ እትም 2012 Special Edition of GERD 2020


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Articles inside

AAICEC: to Bring Economic Modernity

5min
pages 94-97

Tourism on Nile “The Mount Everest of Rivers”

5min
pages 90-93

ጌጡ ተመስገን ( የጉዞ ማስታወሻ )

8min
pages 72-77

GERD: to Light up South Sudan

3min
pages 70-71

GERD: Set to Benefit Africans

3min
pages 68-69

Africa’s Common Voice

4min
pages 66-67

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 62-64

ETHIOPIA

8min
pages 56-61

THE NILE: LOST CONFIDENCE IS HARD TO CONCEAL !

6min
pages 52-54

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 50-51

The bonding river

2min
pages 46-47

Ethiopian Insurance Corporation

4min
pages 42-45

Commercial Bank of Ethiopia/CBE/

5min
pages 38-41

Diaspora’s Touch on GERD

5min
pages 34-37

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 30-33

Abide by International Law

7min
pages 26-29

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 24-25

Recognizing Natural Right

5min
pages 20-23

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 16-19

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 14-15

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 10-11

Photo By Ethiopian Press Agency

1min
pages 8-9

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 6-7

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 4-5

"IT'S OUR DAM" Abyssinia Business Network /ABN/ Special Edition 2020

1min
pages 4-5
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