Mar 2 , 2019
Tsehay Insurance kicked off a new policy that could potentially bring in foreign currency. The new policy, medical health insurance for family members of the Ethiopian diaspora community living in North America, was launched last Thursday, February 28, 2019. Payment for the policy will be settled by the diaspora in dollars through online registration on the company’s website. This service could cover medical costs for hospitalisation, medical and pharmaceutical treatment, including ward boarding, nursing and ambulance services for members of the family but not the payment for the card. “The company agreed with different hospitals in Addis Abeba to provide the service for clients,” said Kassa Lisanework, the CEO of Tsehay. Established in March 2012, with 45 million Br in subscribed capital from 105 shareholders, Tsehay netted 29.5 million Br last fiscal year, registering a growth of 26pc. The company’s earnings per share (EPS) has also reached 37 Br in the reporting period. Tsehay’s branch network has reached 22, of which 15 are located in the capital.
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