All International Health Insurance includes some amount of basic medical insurance, usually with a small deductible amount that you pay first, and also includes the often-required medical evacuation and repatriation coverages as well. Medical insurance pays for covered doctor, hospital and prescription drug expenses, and usually is paid directly to the medical provider. A deductible is the amount you pay to the doctor out of your own pocket first, and then the medical insurance pays the rest of the covered expenses up to the maximum amount of coverage you have selected.
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16 Best Insurance Companies In Nigeria – 2018

Insurance is a way of reducing your potential financial loss or hardship. It can help cover the cost of unexpected events such as theft, illness or property and it can even provide families with a financial payment upon someone death.





All you need to do is just to pay a fee called a Premium, and in exchange the insurance company agrees to pay you a certain amount of money if the event you are insuring against is covered and happens during the term of the policy.

We have various insurance companies in Nigeria today but it will be advisable that you know more about the insurance companies before buying insurance.



Let’s consider some basic insurance terms that you may encounter as you look into my list of best insurance companies in Nigeria, soon to be listed below.




Agent: Someone who represents one insurance company and sells its insurance products.



Broker: Person or company who sells the insurance products of several different insurance companies

Coverage: Amount of protection you have purchased.

Claim: Official notice you provide to your insurer requesting to be paid for a loss of event covered by your insurance policy.

Insured: Person(s) protected by the insurance policy.

Insurer: Insurance Company that issues the insurance policy

Policy: Legal contract between you and the insurer

Insurance companies in Nigeria consist of different types of insurance which includes:

Life insurance
Health insurance
Buisness insurance
Property and casuality (General) insurance
Auto insurance .


Here is a Top 10 List of Insurance Companies in Nigeria


Talk about Pension, Gratuity or gratitude, these insurance coys have plans for that and all are licensed and certified by the National Insurance Commission.
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What Life Insurance Companies In Nigeria Are All About
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