The Smart Shopper’s Guide to Buying Individual Life Insurance

By |August 18th, 2015|

Identify your needs

The first thing you should do when buying individual life insurance is to estimate your needs. If you have children, you will probably want the insurance company to pay for their college. This is possible, but it will drive up the cost of your individual life insurance. You will need to take […]

Life Insurance Policy in Nigeria Explained

By |August 18th, 2015|

Life Insurance Policy in Nigeria: Think of life insurance as an investment

Some people believe that taking out life insurance is a waste of money. They’re totally wrong. Did you know that you could earn back all the money that you invest into life insurance, simply by keeping up with your monthly payments? According to the […]

Buyer Beware: How to Identify Fake Insurance Companies

By |July 28th, 2015|

Over the past several years, Nigeria’s National Insurance Commission (NAICOM) has recently been cracking down on fake insurance companies. Though many of the offenders have been shut down, there are still quite a few bad insurance companies out there to watch out for. Listed below are 5 tips you can use if you are in […]

Insurance in Nigeria: A Peep into the Nigerian Insurance Act

By |July 28th, 2015|

Know the Law

Drivers who venture onto the road without carrying the minimum amount of coverage face big fines and up to a year of prison time. Section 68 of the Insurance Act and Section 3 of the Motor Vehicle (Third Party) Insurance Act specifically states that it is illegal to use or allow anyone else […]