List of insurance companies in Nigeria

Welcome to solidupdates,, this article will guide you to know the list of insurance companies in Nigeria

One of the explanations Nigerians buy insurance is to guard themselves additionally to their properties against unforeseen circumstances.

These events can take up an oversized chunk of their finances, and they’d want to avoid that. Hence, the necessity for purchasing insurance.
Insurance helps individuals and corporations safeguard their investments and properties against potential risks that might make them lose everything.

However, you have got to understand what you’re trying to find, how the insurance agency works and pick the proper one. so as to try to to that, there are factors to require into consideration before choosing an insurance firm.

Insurers have a series of functions that they perform, and a decent number of them really play vital roles within the Nigerian society.
The major role of insurers is to create sure that they assist their policyholders within the management of risk efficiently through providing them insurance products, as well as, ensuring that they pay the claims as covered by their insurance policies.
Having intimated you on the key duties of insurers or insurance companies, allow us to now march on to the most subject of this text.

List of insurance companies in Nigeria

1 AIICO Insurance Plc

AIICO Insurance Plc is an insurance, pensions management, and asset management Group established in 1963. it’s of the highest insurance companies within the country its key specialise in, General insurance and special risks, life insurance and annuity, insurance, Asset management, and Pension management.

They offer the subsequent policies:

1.Income investment plan
2.Three payment plan
3.Travel insurance
4.corporate saving plan
5.Education investment plan
6.Flexible endowment plan
7.Term assurance plan
8.Electronics equipment policy plan

2. Lead Way Assurance company

LEADWAY Assurance (founded in 1970) offers insurance services generally business insurance and Life & Pensions. the corporate also offers allied financial services like Secured Credit, Bond, Miscellaneous financial losses and Portfolio management.
They are very active online, across various social media channels and have computerised most of their operations to spice up effectiveness.

They offer the subsequent policies:

1.Family Benefit plan
2.Lead way saving plan
3  Term assurance plan
4 Money policy plan.
5 Educational saving plan
6 Personal saving plan
7 Deferred annuity plan

3. Custodian and Allied Insurance
Custodian and Allied insurance firm provide a good range of insurance plans to settle on from. Each plan is customized to the wants of their clients.

They offer the subsequent policies:

1.Investment plus plan
2.Immediate annuity plan
3 Tuition protection plan
4.Auto insurance plan
5.Travel insurance plan
6.Capital plan

4. Cornerstone Insurance Plc

Cornerstone insurance underwriter was incorporated as a personal liability company on July 26, 1991. Eventually, it became a Public financial obligation and was quoted on the Nigerian Stock Exchange(NSE) in 1997.

It is licensed by NAICOM -the social insurance Commission – to try to to both Life and General business insurance.

They offer the subsequent 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

5. AXA Mansard Insurance

AXA Mansard may be a member of the AXA Group. AXA Group could be a top player in insurance similarly as asset management. The group of companies serves 107 million clients in over 60 countries.
The Company provides life assurance similarly as on-life insurance solutions to individuals and organisations within the country.

They offer the subsequent policies:

1 Student protection plan
2 Autoflex plan
3 Equity income plan
4 Auto classic plan
5 Money market plan
6 Easy care plan
7 Life savings plan
8 Instant plan
9 Health plan
10 Retirement savings plan
General ( business/ tourism) protection plan

6. African Alliance Insurance Plc

African Alliance Insurance plc., was incorporated on May 6, 1960. The insurance Plc company incorporates a reputation for being efficiencies and trustworthy in life insurance. additionally, they personalise their insurance products tailored for every stage of their clients’ lives.

They offer the subsequent policies:

1 Annuity assurance plan
2 Group life insurance plan
3 Esusu plan
4 Direct debit form plan
5 Individual assurance plan
6  Investment assurance plan

7. Goldlink Insurance Plc
This insurer was incorporated as a non-public indebtedness 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 try and do both Life and General Businesses. These include plans like Motor Insurance, Fire and Special Perils, Oil & Gas, Life & Pension, and Travel Insurance.

The insurance policies they provide include:
Group insurance plan
School Safety plan
Compulsory Insurance plan
Oil & Gas plan
Engineering Insurance
General Accident plan
Individual life assurance plan
Reinsurance plan
Liability Policies plan
Marine & Aviation plan
Motor Insurance plan

8. Continental Insurance
Continental Insurance is that the private sector leader of the pan-African insurance industry. the corporate provides life and non-life insurance solutions to its clients across the continent.

They offer the subsequent policies:
1 Business Insurance plan
2 Insurance plan
3 Auto Insurance plan
4 Home Insurance plan
5 Pet Insurance plan

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