Enda Tamweel review

Enda Tamweel sells micro-assurance covering health and life, from a company set up as insurer. The life side pays an indemnity on death, and the hospitalisation side pays a daily sum for days in hospital, capped by a maximum stay and a set number of hospitalisations a year.

Starting premiums across the insurers on this listing sit at €8.31, with the lower end of the range at €2.92 and the upper quartile at €29.72. Because Enda Tamweel writes its own micro-assurance, the price covers a small indemnity and a daily hospitalisation sum rather than a full health plan.

Monthly payments are the norm here: they are available on 89% of the policies listed, while 11% are annual only. For a micro-assurance premium of the kind Enda Tamweel charges, spreading the cost monthly keeps the outflow small in any single month.

Its licence names the Autorite de Controle de la Microfinance, the microfinance regulator in Tunisia, and the company is set up as insurer. Because the insurer writes the cover itself, the contract, the premium and any claim all sit with the same licensed body rather than an intermediary.

Cover is written for adults across the range 18-65, so younger working adults and people closer to retirement can both be insured. The same micro-assurance lines apply across that band, and the hospitalisation benefit pays a fixed daily sum rather than a share of the bill.

Support runs on phone, email and help centre, so a policyholder can call, write or use the help centre. That suits people who prefer to speak to someone about a hospitalisation claim, and it means questions about the daily sum and the maximum stay per admission can be checked before a bill arrives.

The company has been trading since 2015 and is headquartered in Tunisia, writing micro-assurance rather than selling policies from other insurers. Buyers who weigh the size of a provider as much as the size of the premium can weigh the age of the firm alongside the cover limit.

The micro-assurance is an insurance contract, not an investment, so there is no trading loss exposure of the kind investment products on this listing carry, where retail losses run at 70.15% with the lower end at 65.75%. What to weigh instead is the cover limit.