List of Life and Health Insurance Companies in Nigeria and Their Quotes

Securing your future and protecting your health are primary concerns for everyone. In Nigeria, a plethora of life and health insurance companies offer diverse plans to cater to your needs. Choosing the right one can be overwhelming, so this article aims to provide a comprehensive overview of the top insurance companies in Nigeria, including their life and health insurance quotes, and answer frequently asked questions.

Top Insurance Companies in Nigeria:

Life Insurance:

  1. Leadway Assurance Company Limited: Offers a wide range of life insurance plans, including term life, whole life, and endowment plans. Quotes vary depending on the chosen plan, coverage amount, age, and health status. For instance, a 30-year-old non-smoker seeking a N10 million term life insurance for 20 years can expect quotes ranging from N10,000 to N20,000 annually.
  2. AXA Mansard Insurance Plc: Provides various life insurance products, including individual and group life insurance. Quotes for individual life insurance start from N5,000 annually for a N5 million cover.
  3. AIICO Insurance Plc: Offers term life, whole life, and unit-linked life insurance plans. Quotes for term life insurance start from N20,000 annually for a N10 million cover for a 30-year-old male non-smoker.
  4. Staco Insurance Plc: Provides a range of life insurance solutions, including term life, endowment, and money-back plans. Quotes for term life insurance start from N15,000 annually for a N5 million cover.
  5. Continental Reinsurance Plc: Primarily focuses on reinsurance but also offers individual life insurance solutions. Quotes vary depending on the chosen plan and individual profile.

Health Insurance:

  1. Nigerian Health Insurance Scheme (NHIS): A government-sponsored health insurance program offering affordable healthcare access. For individuals, the annual premium is N8,500, while families pay N15,000.
  2. AXA Mansard Health Insurance Limited: Provides a variety of health insurance plans, including individual and group health insurance. Quotes for individual health insurance start from N30,000 annually.
  3. Avon Healthcare Limited: Offers comprehensive health insurance plans with diverse coverage options. Quotes vary depending on the chosen plan and individual profile.
  4. Redcare HMO Limited: Provides affordable and flexible health insurance plans for individuals and families. Quotes for individual health insurance start from N15,000 annually.
  5. HEAL HMO Limited: Offers a range of health insurance plans designed to meet the needs of individuals and families. Quotes vary depending on the chosen plan and individual profile.

Additional Notes:

  • Quotes are indicative and subject to change based on individual circumstances.
  • It's essential to compare quotes from different companies before choosing one.
  • Consider factors like coverage, benefits, premium costs, and claim settlement ratio when making your decision.
  • Consult a financial advisor or insurance agent for personalized advice.


What is the difference between life and health insurance?

Life insurance provides financial protection to your loved ones in case of your death. Health insurance covers medical expenses incurred due to illness or accidents.

What are the different types of life insurance plans?

  • Term life insurance: Provides coverage for a specific period.
  • Whole life insurance: Offers coverage for your entire life and accumulates cash value.
  • Endowment plans: Provide a lump sum payment at the end of the policy term or upon death.
  • Unit-linked life insurance: Combines life insurance with investment options.

What are the different types of health insurance plans?

  • Indemnity plans: Reimburse you for medical expenses incurred.
  • Managed care plans: Offer access to a network of healthcare providers at discounted rates.
  • PPO plans: Provide flexibility to choose healthcare providers in or out of the network.

How do I choose the right life or health insurance plan?

  • Consider your needs and budget.
  • Compare different plans and their coverage options.
  • Read the fine print of the policy carefully.
  • Seek advice from a financial advisor or insurance agent.

What are some factors that affect insurance quotes?

  • Age
  • Gender
  • Health status
  • Occupation
  • Smoking habits
  • Location
  • Chosen plan and coverage amount


Choosing the right life or health insurance plan is crucial to ensuring financial security and access to quality healthcare. By understanding the available options, comparing quotes, and consulting with professionals, you can make an informed decision that protects your well-being and future.

Previous Post Next Post
Sponsored Links
Sponsored Links