Top 10 Highest Paying Insurance Companies In Nigeria (2023)

A lot of Nigerians are not currently embracing insurance the way they should, due to one reason or the other. Nevertheless, there are several innovative insurance companies around here that are doing well with what they do. If you are looking for the highest-paying insurance companies in Nigeria, you are in the right place.

Many of them have been around for many years now, and they have an enviable reputation. Without wasting time, let’s talk about these insurance companies. As you will see, they are prominent in the industry and knows what they are doing. 

Highest Paying Insurance Companies In Nigeria

1. AIICO Insurance Plc

This is one of the oldest and highest paying insurance companies in Nigeria that has been able to learn the ropes of the industry very well, offering quality products to the public. Also known as the American International Insurance Company, the firm offers stuff like:

– life assurance and annuity

– general insurance

– health insurance

– pension management

– property insurance

– Etc

Here 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 highest-paying insurance companies in Nigeria that you can always subscribe to. Having been around for many years now, they are quite versatile in what they do, and you can take advantage of their several offers and products, including:

– Autoflex plan

– Auto Go

– Auto Classsic 

– Easy care health plan

– General business and tourism protection

– Money market fund

– Equity income fund

They have products that could fetch much to subscribers. Here is their physical location:

928A Aboyade Cole Street,

Victoria Island,

Lagos State

 

3. Leadway Assurance Company Limited

This insurance company has been around since 1970, offering integrated insurance and financial services to many customers. Hence, 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 firm has been serving the public for over twenty years now. You can subscribe to their products and receive superb compensation. Here are some of their stuff:

– Pure life insurance

– Children education plans

– Insurance for motor, travel e.t.c.

This is their physical address:

Aret Adams House, 

233 Ikorodu Road, 

Ilupeju, 

Victoria Island, 

Lagos State

 

5. Cornerstone Insurance PLC

This insurance firm has been licensed and re-certified by the National Insurance Commission (NAICOM) to provide both general and life insurance in the country, and they are one of the best around too. They have received several accolades, even in terms of awards for their outstanding professionalism.

You can subscribe to any of their products like:

– Motor insurance

– Travel insurance

– Home insurance

– Life insurance

– Annuity

– Goods in transit

– Etc.

Here is their physical address:

Water Corporation Drive 

off Ligali Ayorinde Street, 

Victoria Island, 

Lagos State.

 

6. Industrial and General Insurance Plc 

Industrial and General Insurance Plc is next on the list of the highest paying insurance companies in Nigeria. This is another insurance firm that is regarded as one of the best in Nigeria. The company, which has been serving tons of people since 1992, was later re-registered as a public limited liability, which is a major decision. Here are some of the products they offer that you can take advantage of:

– Motor Insurance

– Life products

– Engineering/contractor risk

– Marine, Travel and Health insurance

– Fire Insurance

– Etc

You can reach out to 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 top insurance company in Nigeria – it is actually one of the capitalized insurance firms in the country. Custodian and Allied Insurance Plc began operation back then in 1997, and have been able to grow.

The firm provides both life and general insurance. You can subscribe to any of their products, such as:

– auto insurance

– health

– travel

– home shield

– personal accident

It must be noted that the company also offers wealth management services. Hence, can be regarded as one of the highest paying insurance companies in the country.

Here is their physical address, also situated in Lagos State:

16A, Commercial Avenue Sabo,

Yaba, 

Lagos State.

 

8. NEM Insurance Plc

NEM Insurance Plc is not just one of the best insurance companies around here, but also one of the oldest – as it started operation back then in 1948. They offer general insurance like Travel insurance, fire insurance, etc. 

Here is the physical address of NEM Insurance Plc:

199 Ikorodu Rd, 

Obanikoro,

Lagos state 

 

9. Consolidated Hallmark Insurance Plc.

Consolidate Hallmark Insurance can boast of having superb workers who know what they are doing – a competent staff working hard to ensure the company will remain one of the best in the country.

Consolidated Hallmark Insurance Plc offers personal insurance to help protect folks 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, offers insurance and reinsurance. You can subscribe for any of their services, including life and provision of risks identification management, claim advisory/management, and so on. It should be noted that this insurance company actually has a reputation in the industry, as they have been elected as the insurance broker of the year.

Here is their physical address:

19, Ligali Ayorinde Street,

Victoria Island, 

Marina

Lagos State

• Types Of Insurance Companies In Nigeria

Conclusion

In conclusion, while there are several other high-paying insurance companies in Nigeria, the ones listed have a reasonable reputation and have been serving tons of customers since they started operation.