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In our post today, we bring you rankings of the top 10 insurance companies in Nigeria to help you choose the best insurance company for your situation.
1. Leadway Assurance Company:
LEADWAY Assurance (founded in 1970) offers insurance services in General business insurance and Life & Pensions. The Company offers to its customers allied financial services such as; personal insurance, business insurance, and asset management.
2. AIICO Insurance Plc
AIICO Insurance Plc is an insurance, pensions management, and asset management Group established in 1963. Their focus is on, General insurance and special risks, Life assurance and annuity, Health insurance, Asset management, and Pension management.
Their policy offers are as follows:
- Flexible endowment plan
- Electronics equipment policy plan
- Income investment plan
- Three payment plan
- Travel insurance
- corporate saving plan
- Education investment plan
3. AXA Mansard Insurance Plc
The Company offers life and non-life insurance products and services to individuals and institutions across Nigeria.
Their service offerings are:
- Savings and investments
- Life insurance
- Annuities
- Motor Insurance
- Life insurance
4. Custodian and Allied Insurance
Custodian and Allied insurance company provides a broad range of insurance plans. Such as:
- Immediate annuity plan
- Tuition protection plan
- Auto insurance plan
- Investment plus plan
- Travel insurance plan
- Capital plan
5. Consolidated Hallmark Insurance
The company service offers includes:
- Home Insurance
- Motor 3rd Party
- Motor Comprehensive
- Personal Accident
- All Risks Insurance
- Burglary Insurance
- Goods-In-Transit
- Travel Insurance
- Aviation
- Bonds Insurance
- Consequential Loss
- Contractors-All-Risk
- Professional Indemnity
- Machinery Breakdown
- Plant-All-Risk
- Marine Insurance
- Money Insurance
6. 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.
They offer the following services:
- Home insurance plan
- Life insurance plan
- Annuity plan
- Marine insurance plan
- Investment plan
- Halal Takaful plan
- School fee guarantee plan
- Goods in transit plan
- Travel insurance plan
- Motor insurance plan
- Gadget protection plan
7. NEM Insurance Plc
The company was incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968 and became quoted on the Nigerian Stock Exchange in 1989.
Their policies include:
- Marine Insurance
- Motor insurance
- Goods-In-Transit
- Aviation and Gas insurance
- Engineering and Bonds
8. African Alliance Insurance Plc
African Alliance Insurance plc., was incorporated on May 6, 1960. The insurance Plc company has a trustworthy reputation in Life Assurance.
They offer the following services:
- Individual assurance plan
- Annuity assurance plan
- Direct debit form plan
- Investment assurance plan
- Group life assurance plan
- Esusu plan
9. Goldlink Insurance Plc
This insurance company was incorporated as a Private Limited Liability Company on April 15, 1992, and later converted to a Public Liability Company on May 11, 2007. The company 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.
10. Industrial and General Insurance Plc
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.
The policies they offer includes:
- General Business Insurance plan
- Health Insurance Plan
- Group Life Products plan
- Mobile Phone Insurance Plan
- Aviation Insurance plan
- Engineering Insurance plan
- Oil & Energy
- Marine Insurance plan
