Highlighting best Insurance Companies in Nigeria will help you know the best Insurance Companies in Nigeria for your insurance needs.
Most people do not know the need for insurance, no insurance policy is bad because it is for your own benefit.
When we say best Insurance companies in Nigeria, we mean Insurance companies in Nigeria that is that has the best policies that serves you better.
What is Insurance?
Insurance can be described has a means of risk management agreement. It is a means of protection from financial, health, property and educational damages.
What we mean is, if you are insured and your business or property got destroyed, you won’t to go begging banks for loan, because your insurance policy got you covered.
An entity that provides insurance is called an Insurance Company or Insurer.
The agreement made between and Insurance Company and the Insured is called Insurance Policy.
Best Insurance Companies in Nigeria
Here are the best and top insurance companies in Nigeria that can offer quality and safer insurance policies that will serve you better.
Lead Way Assurance company
LEADWAY Assurance was founded in 1970, its offers insurance services in general business insurance and Life & Pensions.
Lead Way Assurance Company also offers allied financial services such as Secured Credit, Bond, Miscellaneous financial losses and Portfolio management.
They are very active online, across various social media channels and have computerized most of their operations to boost effectiveness.
LEADWAY offers services in both Life and Pensions.
They offer the following policies:
- Family Benefit plan
- Lead way saving plan
- Term assurance plan
- Money policy plan.
- Educational saving plan
- Personal saving plan
- Deferred annuity plan
African Alliance Insurance Plc
African Alliance Insurance plc., was incorporated on May 6, 1960. The insurance Plc company has a reputation for being efficiencies and trustworthy in Life Assurance.
Moreso, African Alliance Insurance also personalize their insurance products based on the stages of their clients’ lives.
They offer the following policies:
- Annuity assurance plan
- Group life assurance plan
- Esusu plan
- Direct debit form plan
- Individual assurance plan
- Investment assurance plan
Aiico Insurance Plc
AIICO Insurance Plc is an insurance, pensions management, and asset management Group established in 1963. It is of the top insurance companies in the country its key focus on, General insurance and special risks, Life assurance and annuity, Health insurance, Asset management and Pension management.
They offer the following policies:
- Income investment plan
- Three payment plan
- Travel insurance
- corporate saving plan
- Education investment plan
- Flexible endowment plan
- Term assurance plan
- Electronics equipment policy plan
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AXA Mansard Insurance Company
The insurance company is a member of the AXA Group. AXA Group is a top player in insurance as well as asset management. The group of companies serves 107 million clients in over 60 countries.
The Company provides life insurance as well as on-life insurance solutions to individuals and organisations in the country.
They offer the following policies:
- Student protection plan
- Autoflex plan
- Equity income plan
- Auto classic plan
- Money market plan
- Easy care plan
- Life savings plan
- Instant plan
- Health plan
- Retirement savings plan
- General ( business/ tourism) protection plan
Continental Insurance
Continental Insurance is the private sector leader of the pan-African insurance industry. The Company provides life and non-life insurance solutions to its clients across the continent.
They offer the following policies:
- Business Insurance plan
- Insurance plan
- Auto Insurance plan
- Home Insurance plan
- Pet Insurance plan
Lasaco Assurance Plc
Lasaco Assurance Plc was incorporated on December 20, 1979, under the Companies Decree of 1968.
At that time, the Company, was called Lagos State Assurance Company Limited. Eventually, they got License as an Insurer on July 7, 1980, and commenced operations on August 1 1980.
The insurance policies they offer include:
- Motor insurance plan
- Aviation insurance plan
- Marine insurance plan
- Professional indemnity plan
- Fire and Special insurance plan
- Personal accident plan
- Bond insurance plan
- Money insurance
- Householder’s Insurance plan
Cornerstone Insurance Plc
Cornerstone Insurance company was incorporated as a private limited liability company on July 26, 1991. Eventually, it became a Public Limited Liability and was quoted on the Nigerian Stock Exchange(NSE) in 1997.
Since its inception, Cornerstone Insurance has remained dedicated, putting their client first and creating solutions that meet their needs.
It is licensed by NAICOM -the National Insurance Commission – to do both Life and General businesses insurance
They offer the following policies:
- Motor insurance plan
- Gadget protection plan
- Investment plan
- Halal Takaful plan
- School fee guarantee plan
- Goods in transit plan
- Home insurance plan
- Life insurance plan
- Annuity plan
- Marine insurance plan
- Travel insurance plan
Industrial and General Insurance Plc
The insurance company was incorporated as a private limited liability company on October 31, 1991. The Company got registered as a public limited liability company in 2007. After that, they commenced operations in Life and General insurance, in addition to Pensions and Special Risks in January 1992.
Industrial and General Insurance Plc offer tailor-made insurance solutions to match their client’s unique needs.
The policies they offer are:
- Group Life Products plan
- Mobile Phone Insurance Plan
- Aviation Insurance plan
- Engineering Insurance plan
- General Business Insurance plan
- Health Insurance Plan
- Marine Insurance plan
- Oil & Energy
Custodian and Allied Insurance
Custodian and Allied insurance company provide a wide range of insurance plans to choose from. Each plan is tailored to the needs of their clients.
They offer the following policies:
- Investment plus plan
- Immediate annuity plan
- Tuition protection plan
- Auto insurance plan
- Travel insurance plan
- Capital plan
Goldlink Insurance Plc
This insurance company was incorporated as a Private Limited Liability Company on April 15, 1992, It later converted to a Public Liability Company on May 11, 2007, and was listed on the NSE by an introduction on February 12 2008.
Goldlink Insurance Plc is licensed to do both Life and General Businesses. These include plans such as Motor Insurance, Fire and Special Perils, Oil & Gas, Life & Pension, and Travel Insurance.
The insurance policies they offer include:
- Group Life Insurance plan
- School Safety plan
- Compulsory Insurance plan
- Oil & Gas plan
- Engineering Insurance
- General Accident plan
- Individual Life Insurance plan
- Reinsurance plan
- Liability Policies plan
- Marine & Aviation plan
- Motor Insurance plan
Countries like Nigeria with many health hazards and other life threatening conditions needs to spread the need for persons to get insured.
Getting insured means you are protected. It means you are covered from any sudden occurrence.
What if your company gets destroyed by fire or your only car got involved in an accident? With these insurance companies, don’t worry, get your insurance policy and get back you property.
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