Top 10 Best Insurance Companies in Nigeria

    Top 10 Best Insurance Companies In Nigeria In 2021

    On this page we offer you the top 10 insurance companies in Nigeria in 2021, you will get useful information about each insurer in terms of policies, contact details, do you can know the best suits that your required policy.

    Insurance compensates for part or the entire amount of losses of investors in the case of a scam (closure) of a project, here are the top 10 Insurance companies in Nigeria.

    Best Insurance Companies in Nigeria (Policies & Contact Details

    We have tried these insurance companies as top insurers considering their client base, policies, ratings, and overall good and proven track record, insurers have good customer feedbacks and reputable in public services and relation. This list is purely based on customer recommendations and ratings and it is no particular order.

    1. Leadway Assurance

    Leadway Assurance is one of the foremost and best insurance company in Nigeria. Since its establishment in 1970, the company has been offering several insurance plans for corporate organizations, pension and Life plans for Individuals and Nigerian families.

    Lead Assurance company limited is is one of Nigeria’s largest providers of insurance products, for more than 45 years the company has been handling insurance claims with utmost transparency and this has grown their reputation and reliability in the industry.

    LEADWAY also provides associated financial services, such as secured credit, miscellaneous financial losses, bonds and management of the fund and portfolio.

    Policies

    Personal saving plan
    Leadway saving plan
    Educational saving plan
    Term assurance plan
    Family Benefit plan
    Money policy plan.

    Contact

    Official Address: 121/123 Funso Williams Avenue, Iponri Surulere, Lagos
    Email: [email protected]
    Phone: 01-2700700

    2. African Alliance Insurance plc

    African Alliance Insurance Plc is a prominent insurance provider in Nigeria the company is prominent for its reliability and integrity of Life Assurance policies, the company has been offering its policies n form of customized insurance products tailored to thousands of Nigerians and their unique life stages.

    The founders of the Insurance company Chief S.L. Edu (CON), Mr. T. A. Braithwaite (CON) and Chief M.E.R. Okorodudu founded the company in 1960 and precisely on May 6, 1960, the company was incorporated and licensed to offer world-class insurance products.

    Policies

    Annuity assurance plan
    Group life assurance plan
    Esusu plan
    Direct debit form plan
    Individual assurance plan
    Investment assurance plan

    Contact

    Office Address: 54 Awolowo Road, Ikoyi, Lagos.
    Phones: +234 806 630 9476, +234 703 229 4082
    Email: [email protected], [email protected]


    3. Custodian and Allied Insurance

    Custodian & Allied Insurance is a Nigerian agency that is privately owned. The main purpose of CAIL is the development, distribution, and delivery of revolutionary insurance products that best meet the client’s demand while running a hugely lucrative, effective, industrious and sustainable organization, which will function well in the near future and be an important investment for its stakeholders and partners.

    The Insurance Policy helps businesses and entrepreneurs to pick the ideal insurance plans that suit their business needs.

    Policies:

    Auto insurance plan
    Immediate annuity plan
    Travel insurance plan
    Tuition protection plan
    Investment plus plan
    Capital plan

    Contact

    Office Address: Address 16A, Commercial Avenue, Sabo, Yaba, Lagos
    Phone Number: (+234)12774000-9
    Email: [email protected]


    4. Cornerstone Insurance PLC

    Cornerstone Insurance PLC was institutionalized as a private limited liability company on 26 July 1991 but later became a Public Liability Limited, listed in1997 on the NSE-Nigerian stock exchange. The company was founded for the practice, ethics and customer-oriented success of insurance companies and over the years it has remained committed to those principles.

    It is accredited to carry out general and life business insurance by the National Insurance Commission (NAICOM).

    Policies

    School fee guarantee plan
    Home insurance plan
    Life insurance plan
    Travel insurance plan
    Investment plan
    Gadget protection plan
    Motor insurance plan
    Annuity plan
    Goods in transit plan
    Marine insurance plan
    Halal takeful plan

    Contact

    Head Office: 21, Water Corporation Drive, Off Ligali Ayorinde Street, Victoria Island, Lagos, Nigeria
    Phone Numbers: 08106000800
    E-mail: [email protected], [email protected]


    4. Axa Mansard Insurance Company

    Currently, 166,000 employees representing 107 million customers in 64 countries under AXA Mansard which is part of the AXA’s Group; a global leader in insurance and management of Asset. Axa group is an independent organization of businesses operating in compliance with many different countries ‘ laws and policies.

    AXA Mansard was incorporated in 1989, Nigeria’s National Insurance Commission licensed it as a composite agency.

    At the same time, the company offers life and non-life insurance services and products to companies and individuals nationwide, this it does through its three subsidiaries, AXA Mansard Health Limited, AXA Mansard Pensions Limited, and AXA Mansard Investments Limited.

    Policies:

    Retirement savings plan
    Health plan
    Easy care plan
    Auto classic plan
    Life savings plan
    Instant plan
    General ( business/ tourism) protection plan
    Equity income plan
    Student protection plan
    Autoflex plan
    Money market plan

    Contact

    Office Address: 1412 Ahmadu Bello Way, Victoria Island, Lagos
    Phone Number: 0700 29262 67273
    Email: [email protected]


    6. Goldlink Insurance Plc

    Insurance Goldlink Plc was established as a Private Limited Liability Company on 15 April 1992 and was licensed on 8 September 1993 as a fully-fledged insurance company operating in Nigeria.

    The company at the time of incorporation has a share capital of N10million with a paid-up capital of N10 million in exchange for Shares of its stock.

    On 11th of May 2007, the company Goldlink was converted to a Limited Liability Company and was listed on the Nigerian Stock Exchange (NSE) 12th of February 2008.

    The company is proudly Nigerian and licensed by NAICOM to offer both life and corporate insurance policies tailored meet the needs of its clients, covering Fire and Special Perils, Auto insurance, Life & Retirement, Oil & Gas, Medical insurance and many others.

    Policies

    Engineering Policies plan
    Oil & Gas plan
    Individual Life Insurance plan
    General Accident plan
    Liability Policies plan
    Marine & Aviation plan
    School Safety plan
    Motor Insurance plan
    Group Life Insurance plan
    Re-Insurance plan
    Compulsory Insurance plan

    Contact Details

    Office Address: GOLDLINK PLAZA 6, Emmanuel Street, Maryland, P.O.BOX 5987, Marina, Lagos, Nigeria.
    Phone Number: 084 – 772015; 08098272797, 08026800777
    Email: [email protected]


    7. Continental Insurance

    Continental Insurance is an insurance agency in Nigeria that was incorporated in Nigeria in 1985. The company started as a private insurance firm. The firm became a combination of statutory, voluntary and non-life coverage, with a diversified business structure and a diverse clientele in 1990, but has since started operating as a commercial insurance company since1987.

    Continental insurance is the pan-African insurance industry leader of the isolated industry. The insurer operates throughout the continent offering life and non-life insurance to corporates with varied policies in order to meet their requirements.

    Policies

    Pet Insurance plan
    Auto Insurance plan
    Home Insurance plan
    Insurance plan
    Business Insurance plan

    Contact

    St. Nicholas House, 8th Floor, 6 Catholic Mission Street, Lagos, Nigeria
    Tel: +234 1 4622779, 8732624; +234 1 0700REINSURE,
    Email: [email protected]


    8. Industrial and General Insurance Plc

    IGI started as a private limited liability company that was incorporated on 31 October 1991 and subsequently re-registered as a public limited liability company in 2007.

    IGI is a composite insurance company that started operation in January 1992 offering life and general insurance policies, including retirements and special risks to individuals and organizations in Nigeria.

    The company finally gained a reputation for exceptional competence which is owing to a strong capital base, high-quality practitioners and application of modern techniques.

    In order to offer customized insurance solutions, the company focuses on comprehending the specific needs of each individual customer to assess the risks customers face.

    Aviation Insurance plan
    Marine Insurance plan
    General Business Insurance plan
    Group Life Products plan
    Health Insurance Plan
    Oil & Energy Insurance plan
    Engineering Insurance plan

    Industrial and General Insurance contact details

    Head Office: 2, Agoro Odiyan Street, off Adeola Odeku, Victoria Island. Lagos
    Email: [email protected]
    Phone Number: (01) 2918853, (01) 2918854, (01) 2918827


    9. Lasaco Assurance PLC

    The business was incorporated on December 20th, 1979 as a  joint insurance and financial services agency under 1968 companies Decree. The firm was awarded an Insurer License on July 07, 1980, and entered into operations on August 1, 1980. It was then renamed from Lagos State Assurance Company to LASACO

    LASACO was converted into a Public Liabilities Company in 1991 by bringing for the first time its shares into the Nigerian Stock Exchange (NSE). The company was presented with vast opportunities offered by additional funding for business development and growth expansion.

    Policies:

    Householder’s Insurance plan
    Fire and Special insurance plan
    Motor insurance plan
    Aviation insurance plan
    Professional indemnity plan
    Money insurance
    Personal accident plan
    Marine insurance plan
    Bond insurance plan

    Contact Details

    Corporate Head Office LASACO House,
    Plot 16 Acme Road Ogba, Ikeja, Lagos, Nigeria.
    P.O. Box 3724
    Tel: 07000LASACO (07000527226)
    E-mail: [email protected][email protected]


    10. AIICO Insurance Plc.

    AIICO Insurance is an Insurance company in Nigeria with a large customer base, the company was established in 1963, The Group has a leading role in the life and annuity insurance, retirement management and asset management sectors in Nigeria.

    AIICO also offers products in General Insurance and Special Risks, investment management, health policies, and asset management, occupying the leading position of the leading provider for money of these policies.

    Policies

    Corporate saving plan
    Three payment plan
    Flexible endowment plan
    Education investment plan
    Travel insurance plan
    Electronics equipment policy plan
    Income investment plan
    Term assurance plan

    Details

    Address: Plot PC 12, Churchgate Street, Victoria Island, Lagos.
    Phone: 0700 AIIContact (0700 2442 6682 28), 01 279 2930
    E-Mail:[email protected]

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