13 Best Paying Insurance companies in Nigeria

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Nigeria offers an immense amount of opportunities to all who live here, but with these opportunities come risks that can cost us greatly if we aren’t careful.

If you own a business or are in the process of starting one, it’s crucial that you understand the importance of insurance and how to choose the right insurance policy for your needs, including what each policy covers and what kind of payout it offers when something happens to one of your employees or to yourself.

Insurance companies in Nigeria
Insurance companies in Nigeria

13 Best Paying Insurance companies in Nigeria

Here are the top 13 insurance companies in Nigeria that offer the best payouts on their policies, in no particular order.

1. Aon plc –

Aon is a leading global professional services firm that advises clients on managing risk. With over 67,000 employees in 120 countries, Aon provides a broad range of risk management, reinsurance, insurance and consulting services.

2. Marsh & McLennan Companies –

Marsh is a global leader in insurance broking and risk management. With over 35,000 employees and annual revenue of $13 billion, Marsh serves companies of all sizes around the world.

3. AIICO Insurance Plc

AIICO is one of the oldest and most well-respected insurance companies in Nigeria. They offer a wide range of insurance products, including health, car, and life insurance. AIICO is known for their high payouts and excellent customer service. If you’re looking for an insurance company that will take care of you, AIICO is a great choice.

4. AXA Mansard Insurance plc

AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 166,000 employees serving 107 million clients in 64 countries. In Nigeria, AXA Mansard offers a wide range of insurance products including car, home, travel, life, and health insurance. They are one of the few companies that have a 24/7 call centre to help their policyholders. They also have a good reputation for paying out claims quickly and efficiently.

5. Leadway Assurance Company Limited

At number ten is Leadway Assurance Company Limited. This company has been in operation for over 50 years and is one of the most experienced insurance companies in Nigeria. They offer a wide range of insurance products including health, motor, and travel insurance.

6. LeadWay Assurance Company Limited

Leadway Assurance Company Limited is one of the oldest and most reputable insurance companies in Nigeria. 2. They offer a wide range of insurance products, including health, motor, and home insurance. 3. Leadway has an excellent claims process, and they are known for their prompt payouts. 4. The company has a strong financial rating, which means you can be confident that your claims will be paid out. 5. Leadway Assurance is one of the best paying insurance companies in Nigeria.

7. Mutual Benefits Assurance Plc

In recent years, Mutual Benefits Assurance Plc has consistently been rated as one of the best insurance companies in Nigeria. They offer a wide range of policies and have a solid reputation for paying out claims quickly and efficiently. If you’re looking for an insurance company that will give you peace of mind, Mutual Benefits is a great choice.

8. Cornerstone Insurance PLC

Cornerstone is one of the leading insurance companies in Nigeria and offers a variety of insurance products, including health, life, and car insurance. They are also one of the top-paying companies, with a reputation for promptly and fairly settling claims. If you’re looking for an insurance company that will take care of you, Cornerstone is a great option.

9. AIG

AIG is the top insurance company in Nigeria and offers a wide range of insurance products including health, car, and home insurance. They have an excellent reputation for paying out claims quickly and efficiently. Plus, their customer service is top-notch.

10. FIDELITY NIGERIA INSURANCE PLC

11. EMIGRE INSURANCE COMPANY LTD

12. ALLIED INSURANCE COMPANY OF NIGERIA PLC

13. ALLSTARS INSURANCE LIMITED

 

13 Best Paying Insurance companies in Nigeria

Nigeria’s job market has been booming lately, and with unemployment being one of the country’s most pressing issues, every Nigerian worker wants to know which companies pay the highest salaries. Every year, Forbes releases a list of the top 13 highest-paying companies in Nigeria, but they don’t release the details on what each salary entails.

That’s why, as part of our ongoing series on the highest-paying jobs in Nigeria, we created our infographic with details on what these companies offer their employees.

Who is the owner of aiico insurance?

AIICO Insurance Plc is a Nigerian insurance company owned by AIICO plc, a conglomerate with interests in pension management and real estate. AIICO Insurance was founded in 1963 and has since become one of the leading insurers in Nigeria. The company offers a wide range of insurance products, including motor, fire, marine, personal accident, and travel insurance.

Which company pays the highest salary in Nigeria?

There are a lot of factors to consider when determining which company pays the highest salary in Nigeria. First, you have to look at the size of the company. A large company is likely to have more money to spend on salaries than a smaller company. Second, you have to look at the industry. Some industries are known for paying higher salaries than others.

Third, you have to look at the location of the company. Companies located in big cities tend to pay more than companies located in smaller towns or rural areas.

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