Many
Nigerians do not currently take insurance as they should, for one reason or
another. However, there are many new insurance companies where they do what
they do best. If you are looking for the best insurance company in Nigeria, you
have come to the right place.
The top highest paying insurance companies in Nigeria are AIICO Insurance Plc, AXA Mansard Insurance plc, Leadway Assurance
Company Limited, Mutual Benefits Assurance Plc, Cornerstone Insurance Plc, Industrial
and General Insurance Plc, Custodian and Allied Insurance Plc, NEM Insurance
Plc, Consolidated Hallmark Insurance Plc, Prestige Insurance Ltd, Coronation
Insurance.
Most
of them have been around for years now, and they have bad reputations. Without
further ado, let's talk about these insurance companies. As you can see, they
are big in the industry and know what they are doing.
This
article will focus on the top highest paying insurance companies in Nigeria
which can be ranked according to their revenue.
List of Top Highest Paying Insurance Companies in Nigeria
1.
AIICO Insurance Plc
2.
AXA Mansard Insurance plc
3.
Leadway Assurance Company Limited
4.
Mutual Benefits Assurance Plc
5.
Cornerstone Insurance Plc
6.
Industrial and General Insurance Plc
7.
Custodian and Allied Insurance Plc
8.
NEM Insurance Plc
9.
Consolidated Hallmark Insurance Plc.
10.
Prestige Insurance Ltd
11. Coronation Insurance
12. Include yours
Let's
take a look one by one!
1. AIICO Insurance Plc
It
is one of the oldest and most profitable insurance companies in Nigeria that
has learned the ropes, delivering quality products to the public. Also known as
American International Insurance Company, the company offers services such as:
life and annuity insurance, general insurance, health insurance, pension
management, property insurance, and more. This is the physical address of their
head office: Plot PC 12, Church Gate Street, Victoria Island, Lagos State
2. AXA Mansard Insurance Plc
AXA
Mansard is one of the best paying insurance companies in Nigeria that you can
always subscribe to. Being around for many years now, they have a lot to offer,
and you can benefit from many offers and products, including: Autoflex Plan,
Auto Go, Auto Classic, Easy Health Plan, General Business and Personal
Protection. Tourism, Stock Market Funds, Equity Funds, They have products that
can bring many subscribers. This is their physical location: 928A Aboyade Cole
Street, Victoria Island, Lagos State.
3. Leadway Assurance
Company Limited
This insurance company has been around since the 1970s, providing a wide range of insurance and financial services to clients. Therefore, they can be recommended to the public and you can subscribe to any of their products, such as: General insurance, Life and Health Insurance, Property Insurance, Savings and Investment Plan, Annuities and Pensions, Premium Finance, Marine Insurance, Agric Insurance, Motor Insurance, Etc. Here is their physical address: 121/123 Funso Williams Avenue, Iponri, Lagos State.
4. Mutual Benefits
Assurance Plc
This
company has been serving the public for more than 20 years now. You can
subscribe to their products and get incredible rewards. Here are some of their
recommendations: pure life insurance, childcare plans, car insurance, travel,
etc. This is their physical address:
Aret Adams House, 233 Ikorodu Road, Ilupeju, Victoria Island, Lagos State.
5. Cornerstone Insurance Plc
This
insurance company has been authorized and recertified by the National Insurance
Commission (NAICOM) to provide both general and life insurance in the country,
and it is one of the best around. They have received much recognition, even
awards for their excellent work. You can subscribe to any of their products
like: Auto Insurance, Travel Insurance, Home Insurance, Life Insurance,
Annuity, Goods in Transit, etc. This is their address: Water Corporation Drive
off Ligali Ayorinde Street, Victoria Island, Lagos State.
6. Industrial and General
Insurance Plc
Industrial
and General Insurance Plc is among the highest paying insurance companies in
Nigeria. This is another insurance company that is considered the best in
Nigeria. The company, which has been serving many people since 1992, has
finally re-registered as a limited liability company, which is a big move. Here
are some of the products they offer that you can use: car insurance, life
insurance, engineer/contractor's risk, water insurance, travel and health
insurance, fire insurance, etc
You
can contact them through their physical address: No 2, Agoro Odiyan Street, off
Adeola Odeku Street, Victoria Island, Lagos state.
7. Custodian and Allied
Insurance Plc
Custodian
and Allied Insurance Plc is another major insurance company in Nigeria - it is
actually one of the most profitable insurance companies in the country.
Custodian and Allied Insurance Plc started operations in 1997 and has been able
to grow.
The
company offers both life insurance and general insurance. You can subscribe to
any of their products, like auto, health, travel, home insurance, personal
accident.
It
should be noted that the company also offers financial management services.
Therefore, it can be considered as one of the most profitable insurance
companies in the country. This is their physical address, also in Lagos State:
16A, Commercial Avenue Sabo, Yaba, Lagos State.
8. NEM Insurance Plc
NEM
Insurance Plc is not only one of the best insurance companies here, but also
one of the oldest - having started operations back in 1948. They provide
general insurance like travel insurance, fire insurance, etc. The address of NEM Insurance Plc is: 199
Ikorodu Road, Obanikoro, Lagos State.
9. Consolidated Hallmark
Insurance Plc
Consolidate
Hallmark Insurance prides itself on an excellent staff who know what they are
doing - knowledgeable staff who work hard to ensure that the company remains
one of the best in the country. Consolidated Hallmark Insurance Plc provides
personal insurance to help protect people from potential losses. Here is their
physical address: No. 266, Moshood Abiola Way, Obanikoro, Lagos State.
10. Prestige Insurance Ltd
Prestige
Insurance Ltd, which has been around for many years now, provides insurance and
insurance coverage. You can subscribe to any of their services, including life
characteristics and risk management, consulting / management, etc. It should be
noted that this insurance company has a good reputation in the industry, as it
was nominated for Insurance Broker of the Year.
This
is their physical address: 19, Ligali Ayorinde Street, Victoria Island, Marina,
Lagos State.
11. Coronation Insurance
Coronation
Insurance has a net worth of over N587 million in advance payments by 2021. The
study has revealed that the gross premium of coronation insurance was at 4.75
billion naira and in a short while, there was an incremental benefit of over
37.28% still in 2021. The insurance coverage is 4.75 billion naira and in the
short term there is another profit of more than 37.28% still going in 2021. 46
billion as 2022 is approaching. This may make sense as Coronation Insurance has
more than 12.36% brought in while its total in the quarter increases by 25%.
12. Include yours
Read: 18 Best Commercial Cities in Nigeria
Final Thought
The
most affordable insurance companies offer these insurance services in the
following categories or terms; life and health, property, savings and
investment plans, annuities and pensions, travel and tourism, superannuation,
water, agriculture, children's education plans, auto and other general
insurance services. Finally, although there are many other high paying
insurance companies in Nigeria, the listed ones have a good reputation and have
been serving many customers since their inception.
0 Comments