Insurance Policies In Nigeria offered by various insurance companies are lots whole. Some of these insurance are compulsory insurance policies in Nigeria while others are not.

Federal Government has made some of them compulsory for every individual and business in the country to be protected. Such insurance policies are: Health Care Professional Indemnity, Insurance of Public Buildings, Marine Insurance, Motor Third-Party Insurance, Employee Group Life Insurance, Insurance of Buildings under Construction, Aviation Third Party Insurance

However, we have compiled some of the best insurance policies that the Federal Government of Nigeria has made compulsory and those that are not compulsory either for individuals or businesses.

Insurance is the financial protection from contingent or uncertain loss. It includes a contract represented by a policy in which an entity or individual is reimbursed against losses such as bodily injury, loss or damage to property.

Insurance encourages investment by minimizing funds or capital that entities need to have at hand for protection from unforeseen circumstances. It is one of the determinants of a successful economy.

Insurance in Nigeria is regulated by the National Insurance Commission (NAICOM). It is the body in charge of establishing standards for the conduct of insurance business in Nigeria and also in charge of approving standards, conditions and warranties applicable to all classes of insurance business.

Here are the list of some of the essential Insurance Policies In Nigeria that we believe it is good for you: https://www.schooldrillers.com/insurance-policies-in-nigeria/