Tsehay Insurance S.C.

Tsehay Insurance S.C. (TISc) was founded on March 28, 2012, by 105 shareholders, including prominent individuals and business organizations. Registered by the National Bank of Ethiopia under Proclamation No. 86/1994, the company began operations with a subscribed capital of Birr 45 million and a paid-up capital of Birr 11.5 million, significantly exceeding the required minimum. TISc initially operated with three branches in Addis Ababa to build public trust.

Vision

To be one of the top five insurance companies in Ethiopia in 2032

MISSION

We are committed to provide quality and innovative insurance products and engage in diversified investment through maintaining ethical standards in all aspects of our business operation so as to ensure benefit to the policyholders, shareholders, employees and the society at large

Core Value

Core value of Lucy Insurance is

• committed to prompt and reliable service
• Serving with utmost respect
• Teamwork
• Integrity and fairness
• Promise-keeping
• Confidentiality
• Creativity and Dynamism
• Corporate Social Responsibility

Tsehay Insurance has the following products and service

Products

• General Insurance
• Personal Insurance
• Property Insurance
• Engineering Insurance
• Pecuniary Insurance
• Liability Insurance
• Political Violence & Terrorism Cover (PVT) Insurance
• Life Insurance

General Insurance Products

1. Personal Accident (PA)

• Covers bodily injury caused by violent, accidental means resulting in death or disablement.

1. Group Personal Accidents (GPA)

• Similar coverage as PA, but for groups, not individuals.

1. Health Cover

• Covers non-pre-existing illnesses with expenses for hospitalization and treatment.

1. Travel Insurance

• Protects against illness, injury, and loss while traveling.

1. Motor Insurance

• Covers loss or damage to vehicles from accidents, theft, or fire.

1. Fire & Lightning Insurance

• Protects property against loss or damage from fire and lightning.

1. Burglary & House Breaking Insurance

• Covers loss by theft involving forced entry.

1. Marine – Cargo Insurance

• Protects goods during transportation by sea, air, or land.

1. All Risk – Personal Effects Insurance

• Covers personal property against various risks of loss or damage.

1. Political Violence & Terrorism Cover (PVT)

• Provides protection against physical damage due to political events.

1. Machinery Breakdown Risk

• Covers unforeseen physical damage to machinery necessitating repair.

1. Erection All Risk (EAR)

• Covers material damage and third-party liability during construction.

1. Contractors’ All Risk (CAR)

• Comprehensive coverage for construction sites against various risks.

1. Electronics Equipment Insurance (EEI)

• Covers electronic equipment against accidental damage.

1. Boiler Insurance

• Protects against damage to boilers due to various causes.

1. Fidelity Guarantee Insurance

• Covers losses due to fraud or dishonesty by employees.

1. Workmen’s Compensation Insurance

• Covers employee injuries or fatalities during work.

1. Money Insurance

• Protects against loss of money from theft or other fortuitous circumstances.

Pecuniary Insurance

• Bonds
• Bid Bond
• Performance Bond
• Advance Payment Bond
• Supply Bond
• Custom Bond
• Money Insurance
• Fidelity Guarantee Insurance

Liability Insurance

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