Welcome to Oromia Insurance Company S.C. Website
Oromia Insurance Company S.C is a profit making share company established and licensed by the National Bank of Ethiopia to carry on general Insurance business on 26 January 2009, now OIC transacts all classes of insurance: Non-life Insurance, Life Insurance and Micro Insurance. It commenced operation on 9 February 2009.
Takaful is a type of Islamic insurance, where members contribute money into a pooling system in order to guarantee each other against loss or damage. Takaful-branded insurance is based on Sharia, Islamic religious law, and explains how it is the responsibility of individuals to cooperate and protect each other.
Oromia Insurance Company by itself is commenced researching by its well experienced research expert for the feasibility to apply Takaful Insurance service in Ethiopia.