Oromia Branch - IFAA

Oromia Branch - IFAA The FDRE Proclamation No. 799/2013 introduced Vehicle Insurance Against Third Party Risks. This is the official page of the IFAA.

The Federal Democratic Republic of Ethiopian Proclamation No. 559/2008 has introduced Vehicle Insurance Against Third Party Risks, which requires owner of vehicle to have a minimum third party motor insurance that provides compensation to victims of road traffic accidents. Article 19 and Article 21 of the Proclamation provide the establishment of Insurance Fund and Insurance Fund Administration (IFAA) to undertake among other things compensation to victims of Uninsured and Untraced vehicles and also guarantee that all road accident victims receive Emergency Medical Treatment. Accordingly, the Ethiopian Insurance Fund Administration (IFAA) was instituted in 2008 taking these responsibilities and to overview the effective implementation, monitoring and review the provisions of the Proclamation on the ground.

Address

Mexico, In-front Of Hotel D'Afrique, Tadesse Tefera Building 6th Floor
Addis Ababa
1288

General information

The Vision statement of the IFAA = = > To alleviate the social and economic hardship imposed on members of the society as a result of bodily injury, death and property damage arising from road vehicle accidents. Definition of Third Party Insurance = = >Third Party Insurance is Liability insurance purchased by an insured (the first party) from an insurer (the second party) for protection against the claims of another (the third) party. The first party is responsible for its own damages or losses whether caused by itself or the third party. http://www.businessdictionary.com/definition/third-party-insurance.html

Opening Hours

Monday 08:30 - 17:30
Tuesday 08:30 - 17:30
Wednesday 08:30 - 17:30
Thursday 08:30 - 17:30
Friday 08:30 - 17:30

Telephone

0911901325

Website

Products

Stickers and Certificate of 3rd Parity Insurance !

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