List Of Best Insurance Companies In Nigeria (2021)

List Of Best Insurance Companies In Nigeria (2020)

There are many people out there who is ready to buy any of insurance services but don’t know the reliable insurance company in Nigeria.


If you ready to buy or thinking you will need insurance product one day but don’t know the trusted and best insurance company in Nigeria. Don’t worry yourself, this post is really meant for you and you are at the right place.

FinanceNaija have done a deep research on trusted insurance company in Nigeria this 2020. Make sure you read this post till end so that you will able to choose the best Insurance that suits your needs.



This is the 2020 list of best Insurance Company In Nigeria.

  1. AIICO Insurance Plc
  2. Acen Insurance Company Plc
  3. A&G Insurance
  4. Lead Way Assurance Company
  5. Cornerstone Insurance
  6. African Alliance Insurance Plc
  7. Custodian and Allied Insurance Limited
  8. Industrial and General Insurance Plc


We can’t deny the fact that there are many insurance companies in the country but not of them are reliable are trustworthy. In this year 2020, we can assure you the trustworthy and reliability of the above list. Let’s go deep and straight into the business.



AIICO Insurance is one of the best Insurance Company in Nigeria. AIICO Insurance Plc as a leading life insurer provides life and health insurance.

Investment management, general insurance and pension management services as a means to create and protect wealth for individuals, families and corporate customers.

However, AIICO is a subsidiary of American International Group (AIG) and the company were registered in Nigeria as American Life Insurance Company (ALICO).

American International Insurance Company Limited (AIICO) is the market leader in the life insurance and retirement services and among top 3 market leader in Non-Life Insurance in Nigeria.


AIICO Insurance PLC Products

This Insurance Company has some products like;

  • Travel Insurance
  • Children Education plan
  • Auto Insurance
  • Fire & Burglary plan
  • Personal accident plan
  • Life celebration plan



ACEN Insurance Company PLC

Acen Insurance is also one of the best Insurance Company in Nigeria. This insurance company provides fire policy Insurance in the properties, plant/machinery, office furniture and other contents, stock households, goods, personal effects with coverage extended to rent (payable/receivable) against damage by fire, lightning, explosions and natural perils.

Acen Insurance also provides retirement scheme in regular income in form of annuities. As well as benefice attributable to retirement or to his dependants.



A&G Insurance PLC

A&G Insurance PLC is another big insurance company in Nigeria that feel it is important to connect to the needs and wants of their clients and offer unique solutions that fit the individual needs of each and every client.

A&G (Agins) are poised to providing top notch services to their customers. They handle all issues from documentation to policy purchase to claims and to settlement professionally ensuring that their clients knows all they need to know.


A&G Insurance Products

They offer their customers Life policies and Non life policies.


Lead Way Assurance Company

Lead Way Assurance array of personal Insurance products are designed to ensure nothing gets in the way of their client’s happiness.

LeadWay business Insurance products provide a cover for businesses, their staff and their proprietors from losses due to event that may occur during the normal course of business.


LeadWay Assurance Products

This insurance company offer the products like;

  • LeadWay saving plan
  • Personal Insurance
  • Business Insurance
  • Asset management
  • Money policy plan
  • Family benefit plan
  • Term assurance
  • Educational saving plan
  • Deferred Annuity



Cornerstone Insurance PLC

Cornerstone Insurance is a licensed and re-certified Insurance Company in Nigeria that has ability to do both general & life business and the classes of Insurance business.

Cornerstone Insurance PLC is the first Insurance Company in Nigeria to provide customers with an online platform for insurance transactions. Their services are technology driven by cutting edge Insurance applications. These services are accessible with ease through the internet and/or mobile technology.


Cornerstone Insurance PLC products

They offer the kind products like;

  • Travel Insurance
  • Motor Insurance
  • Home Insurance
  • Life Insurance
  • Marine Insurance
  • Annuity
  • Gadget protection plan
  • Investment plans
  • School fees guarantee
  • Halal Takaful
  • Drone Insurance



African Alliance Insurance PLC

African Alliance Insurance is one of the reputable and best Insurance Company in Nigeria. African Alliance is widely recognized as the most esperienced and strongest specialist Life assurance office in Nigeria. This company serves thousands of customers with personalised Insurance products tailored for each stage of their lives.


African Alliance Insurance PLC products

  • Children Education
  • Mortgage protection
  • Smart kid plan
  • Investment plus
  • Money appreciation
  • Takaful



Custodian and Allied Insurance Limited

Custodian investment PLC is an investment company with significant holding in Companies and brands including Custodian and Allied Insurance Limited, Custodian life Assurance Limited, Custodian Trustees and Crusader Sterling Pensions Limited.

However, Custodian and Allied Insurance is among trusted Insurance Company in Nigeria. This company provide a wide range of Insurance plans to choose from.


Custodian And Allied Insurance PLC Products

  • Life Insurance
  • Safety plus
  • Auto insurance
  • Travel insurance
  • Home Insurance
  • Wealth management
  • General Insurance
  • Pensions



Industrial And General Insurance PLC

Industrial And General Insurance is another reliable Insurance Company in Nigeria. This company is backed by a strong capital base, first-class professionals and and deployment of modern technology.

Industrial And General Insurance quickly established a reputation for exceptional competence and become the preferred Insurer for individual and corporate clients seeking premium Insurance and related financial services.


Industrial And General Insurance PLC Products

This insurance company offer some products like;

  • Mobile phone Insurance plan
  • Group life products plan
  • Engineering Insurance
  • Aviation Insurance
  • General Business Insurance
  • Health Insurance
  • Marine Insurance
  • Oil & Energy Insurance plan.




In Nigeria, we still have many people that the effective of Insurance in ones life but that’s another topic for another day. We have a lots of Insurance Companies in this country but not all of them can be trusted.

Finance Naija will welcome your direct message if you have any complain about this list of best insurance company in Nigeria.



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