Ethiopian Insurance Corporation Ensuring GERD'S Safety
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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
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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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