Group Life Insurance for Iddirs

The most affordable life insurance available in Ethiopia

Protecting your
family’s future

At Jamii.one, we care deeply about your well-being and the financial security of your loved ones. We have partnered with trusted Ethiopian insurance company, Nib Insurance Company, to bring you a life-changing opportunity – Group Life Micro Insurance for Iddirs.

Life Insurance
and Iddirs

The following section covers the details of the insurance policy and the insurance options can be found in the chart below:

The following are the requirements to buy the Group Life Insurance:
- The Iddir group must be registered on the Jamii.one mobile application and registering group contributions.
- There must be at least 35 members of the Iddir interested in purchasing and renewing the policy premium.
- No age limit for adults (minimum age of 18 years).
- No proof of member’s health status is needed from health facilities.
After payment is made to the local insurance company, there is a 30-day waiting period during which insurance coverage will not be issued.
- If the insured member passes after 30-days of purchasing the insurance, 75% of the sum selected shall be paid.
- If the insured member passes after 60 or more days after purchasing the insurance, 100% of the selected sum shall be paid.
Even if a member meets the policy requirements, pays the premium, and completes the waiting period, there are two exceptions where he/she will not get insurance coverage.
- If the cause of death is suicide.
- If the member is currently engaged in military work.

Buying Insurance:
5 Step Guide

If you and your Iddir decide to buy the Group Life Insurance, you must download the Jamii.one app (only one smartphone per group needed) and onboard your group and its members on the app.

Once you have done so, you can purchase the life insurance cover by the following 5 steps:

The Iddir leaders should set up an enrollment deadline for members to decide who will purchase the insurance premium at the earliest opportunity.
- All members wishing to purchase insurance must submit their full legal name along with the desired insurance option to their Iddir leaders by the deadline.
- We recommend that the deadline be set after 3-5 days after the decision to buy has been made.
The Iddir leaders has the responsibility of monitoring and correcting the accuracy of the information of the members who register for the insurance. This includes the following:
- Verify that the member’s serial number is correct.
- Ensuring that each member’s name, patronymic name and surname are legal and correctly spelt.
- Verify the above mentioned information is stated correctly in the Jamii.one app of Jamii.one. A Jamii.one Data Organiser can help you (contact number can be found below).
The Iddir leaders must forward the first-time registering form with the consent form to your assigned Jamii.one Data Organiser.
The registered membership number and full name list sent to Jamii.one will be final and legally binding.
You can download the consent form at the bottom of the page.
Jamii.one will send the Iddir’s member information directly to Nib Insurance when they have cross-checked and verified the document.
Jamii.one will inform the Iddir leaders when they have sent the information to Nib Insurance.
The members who want the insurance coverage will pay the Iddir the policy price OR the Iddir can make decision to spend the group savings to pay the policy for members. This is the decision of the group.
The payment should be conducted by bank transfer from the group bank account to Nib Insurance Company’s bank account.
After purchasing the premium, the Iddir group should print and sign the contract. Then the Iddir leaders can scan or take a photo of the singed contract and send it to support@jamii.one.
Once the purchase has been registered, the Iddir leaders will receive a stamped version of the signed contract.

Insurance Compensation:
3 Step Guide to
Insurance Claim

In the event of death of an insured member, the Iddir must file an insurance claim to Nib Insurance to request the life insurance payout. Then Nib Insurance will make arrangements.

Kindly follow the below process to file an insurance claim:

In the event of death of an insured member, the Iddir leaders must immediately notify Nib Insurance by letter. This will help Nib Insurance to start making the necessary arrangements for payment.

You can download the Nib Insurance notification letter form at the bottom of the page.
After the notification letter has been submitted to Nib Insurance, the Iddir must get the death certificate from the local authorities and submit it to Nib Insurance.
The name of the deceased member must be the same as the name of the member in the data that Jamii.one sent to Nib Insurance at the time of purchase.
Nib Insurance will deposit the insurance payout in the account number provided by the Iddir leaders within two working days after the applicant submits the death certificate.
The Board of Trustees is responsible for handing over the compensation received from Nib Insurance to the requesting party.

Insurance Renewal

Renewing your current life insurance on time is crucial because it ensures that you continue to have financial protection in the event of your passing. If you miss the renewal by even a day, the waiting period applies again, leaving your family without immediate access to the benefits they may need during a difficult time.

- Jamii.one calls and notifies your Iddir the time for renewal and current prices, at least 45 days ahead.
- Iddir marks this date as the last date for renewing contract
Good to know before renewal :
- The number of members required for renewal is 35.
- The waiting period applies only to first-time purchasing members.
- However, if the Iddir does not renew its insurance by the said date, the regular waiting period applies to all members with no exceptions.
- Iddir notifies to members the renewal date.
- Iddir registers first-time purchasing members and non-renewing members.
Attention!
Members that would like to renew their policy do not need to be registered in the form. Jamii.one has their information already.
Before sending the data to Jamii.one, the Iddir needs to verify:
- Names of registered members/families is the same as their ID.
- Each insured child registered is the child of a member.
- Each insured child registered is above 18 years old.
- Fill in consent form.
- Email the consent form and the list of members registered to support@jamii.one.
- Alternatively, share the consent form and the list of members to a Jamii.one agent.
Attention!
- Make sure all names of members and families are correct!
- Names sent to Jamii.one are the final and legally binding name with the insurer.
- NIC has 30 days period for post purchase spelling correction of names. This only includes spelling correction and not entire name changes.
Once Jamii.one has received the data of members to be insured, Jamii.one will share the data with NIC and inform the Iddir that data has been shared.
It can take up to 24 hours before the policy is ready to be signed by Iddirs.
- The Iddir transfers the premium amount to NIC's bank account.
- The payment can be made either on policy renewal day or before.
- Payment slip is required to bring on the day of policy renewal signing.
- Iddir leaders presents payment slip at NIC office on signing day.
- A policy, attaching list of insured, will be stamped and signed by both the Iddir and NIC.
- The Iddir and NIC will each get a copy of the policy.
- The policy is valid for one year.
Attention!
- Don't forget to bring the Iddir's stamp on signing day!
- NIC has a 30-day period for post purchase spelling correction of names. This includes only spelling correction and not entire name changes.
- Mark next renewal date and share with Iddir leaders.