Summery

Founded: June 2007

Type: Insurances

Category: Insurers

Sector: Private Insurances

Headquarters: Addis Ababa, Ethiopia

Branch: 42+

Employees: 347+

Customers: 60,000+

Short Term: LIC

Amharic: አንበሳ ኢንሹራስ ኩባያ አ.ማ

Motto: For reliable Service & Dependable Capacity

History

Lion Insurance Company (S.C) liable to its policyholders by transferring risk from an individual and business to the company. The Company was established in June 2007 by over 300 shareholders and has a broad public base. The company was registered at an ever higher initial paid-up capital of Birr 16 million and a subscribed capital of Birr 66.4 million which was one of the highest capitalized companies in the private insurance sector at formation.

Vision, Mission & Core Value Of Lion Insurance

Vision

To be the leading private insurer in Ethiopia by 2031

MISSION

Committed to serve our customers by offering quality and innovative insurance solutions, and capitalize shareholders’ wealth by diversifying investment, through the culture of client .centricity, by means of cutting age technology, the best professionals and discharging corporate social responsibility.

Core Value

Core value of Lion Insurance is

  • Protection
  • Reliability
  • Innovation
  • Ongoing responses
  • Responsibility
  • Integrity
  • Team work
  • Yielding partnership

Products & Services

Lion Insurance Company has the following product and service

1. Motor Insurance

  • Commercial Vehicles
  • Private Vehicles
  • Special Vehicles
  • Third Party Liability Insurance & Motor Trade Insurances

2. Property Insurance

  • Fire & Lightning
  • Theft & Burglary
  • All Risk and Plate Glass Insurance

3. Marine Insurance

  • Marine
  • Air Cargo & Road Risk Insurance
  • Yacht & Pleasure Craft Insurance

4. Engineering Insurance

  • Contractor’s All Risks (CAR)
  • Erection All Risks (EAR)
  • Boiler & Pressure Vessel Insurance
  • Electronics Equipment (EE) Insurance
  • Contractor’s Plant & Machinery (CPM) Insurance

5. Bond Insurance

  • Advance Payment Bond
  • Bid Bond
  • Performance Bond
  • Maintenance Bond
  • Supply Bonds

6. Liability Insurance

  • General Third Party Liability
  • Professional Indemnity
  • Product Liability
  • Workmen’s Compensation
  • Public Liability Insurance

7. Pecuniary Insurance

  • Consequential Loss
  • Fidelity Guarantee
  • Money Insurance

8. Political Violence and Terrorism (PVT) Insurance

9. Travel Insurance

10. Life Assurance Products

  • Whole Life Insurance
  • Term Insurance
  • Mortgage Insurance
  • Endowment Assurance Policy
  • Comprehensive Accident Insurance
  • Health Insurance