Insurance confers protection against unexpected losses of property and even life. Without proper insurance, one unfortunate incident can render you broke, penniless and having to start all over again. Insurance helps to safeguard you against this. In a country like Nigeria where unforeseen incidents such as fire outbreaks happen a lot, insurance will cover your losses if you suffer any provided the lost properties are insured. In this post, we take a look at the top 10 insurance companies in Lagos. In coming up with this list, certain qualities were considered. The qualities that make an insurance company stand out are; License to operate, the company’s coverage, the financial strength of the company, insurance rate, and the company’s image (popularity and customer relations). In no particular order, here are the best insurance companies in Lagos.

  1. African Alliance Insurance Plc

Widely recognized as one of the leading specialist Life Assurance companies in Nigeria, African Alliance was incorporated on the 5th of May 1960. The company offers its customers personalized insurance products tailored for each stage of their lives. Currently, African Alliance Insurance has 18 branches across the country.


Office Address: 54 Awolowo Road Ikoyi, Lagos

Phone Number(s): 08066309476, 07032294082

                         08130858310 (WhatsApp only)



  • AIICO Insurance Plc

AIICO Insurance Plc is one of the leading insurance companies not only in Lagos but in the entire country. The company was established in 1963 with its key business lines being; Life assurance and annuity, General insurance and special risks, Pension Management, Health Insurance, and Asset management. AIICO is currently ranked among the best in the country in life insurance and retirement services, while also being ranked within the top three in Non-Life insurance in Nigeria.



Office Address: 203-205, Apapa Oshodi Expressway, Oshodi Isolo, Lagos.

Phone Number(s): 08023226903, 01-6600715


  • Custodian and Allied Insurance Plc

Custodian and Allied Insurance Plc offer innovative insurance packages to meet the needs of its customers. Some of these packages are Investment plus plan, Travel insurance plan, Capital plan, Immediate annuity plan, Tuition protection plan, etc.


Head Office: 16A, Commercial Avenue, Sabo, Yaba, Lagos.

Phone Number(s): (+234)1 2707206-7, 2793740, 27937401, 0700-CUSTODIAN, (+234) 1 2774000-9

Fax: (+234) 1 2707203

P.O. Box 2101, Lagos.



  • Cornerstone Insurance Plc

Cornerstone Insurance Plc is a top insurance company in Nigeria that was incorporated on 26th July 1991 as a private limited liability company. The company became listed on the Nigerian stock exchange as a Public Liability Company in 1997. Some of the insurance packages offered by Cornerstone Insurance are; Motor Insurance, Travel Insurance, Home Insurance, Life Insurance, Annuity, Marine Insurance, Gadget Protection Plan, etc. 


Head Office: No 21, Water Corporation Drive, Off Ligali Ayorinde Str, Victoria Island, Lagos.

Phone Number(s): 08106000800 (Sales Enquiries & Support)

                          01-2806500 & 0700 CORNERSTONE (Corporate Enquiries, Feedbacks & Complaints)

Email: (Sales Enquiries & Support)

 (Corporate Enquiries, Feedbacks & Complaints)

 (Claims Lodgment, Enquiries & Complaints)


  • Goldlink Insurance Plc

Goldlink Insurance Plc obtained its license to operate as a full-fledged insurance company in September 1993 although the company was incorporated in August of the previous year. It became listed as a Public Liability Company on the Nigerian Stock Exchange on the 11th of May 2007. The company has 16 branches located strategically across the company. Some of the insurance packages offered by Goldlink Insurance include Motor Insurance, Life & Pension, Oil & Gas, Travel Insurance, Fire & Special Perils, etc.



Head Office: 6, Emmanuel Street, Maryland, Lagos

P.O. Box 5987, Marina, Lagos

Phone Number(s): 0700GOLDLINK



  • Industrial and General Insurance Plc (IGI)

IGI was incorporated as a private limited liability company in October 1991 but became a Public Limited Liability Company in 2007. The company began operations in January 1992, offering Life and General insurance, as well as Pensions and Special Risks. Some of the packages you can enjoy from IGI include; Oil & Energy, Health Insurance Plan, General Business Insurance Plan, Aviation Insurance Plan, Mobile Phone Insurance Plan, Group Life Products Plan, and so on.


Head Office: 2, Adoro Odiyan Street, Off Adeola Odeku Street, Victoria Island, Lagos.

Phone Number(s): (01) 2918853, (01) 2918854, (01) 2918827


  • Lasaco Assurance Plc

Lasaco Assurance Plc was incorporated on the 20th of December, 1979. Business operations commenced on the 1st of August 1980. In 1991, Lasaco became a Public Liability Company with the listing of its shares on the Nigerian Stock Exchange. The company offers both Life and Non-Life Insurance packages. Some of its Non-Life policies include motor, aviation, marine insurance, and many more.


Corporate Head Office: Plot 16 Acme Road Ogba, Ikeja, Lagos.

P.O. Box 3724

Phone Number(s): 0700LASACO (07000527226)


  • LeadWay Assurance Company Limited

Leadway Assurance Company Limited is one of the foremost insurance companies in Nigeria. The company was incorporated as a limited liability company in the year 1970 but operations did not start until the following year. There are currently over 24 branches of the company with its Lagos office serving as the Corporate Office. The company has an array of personal and business insurance plans that you can choose from including General Insurance, Life & Health, Annuities & Pension, Savings & Investment, Motor Insurance, Property Insurance, Marine Insurance, SME Insurance, and so on.

Read More  Hottest Countries in the World


Corporate Office: 121/123 Funso Williams Av. Iponri Surulere, Lagos

Phone Number(s): +234012700700

                          +2348080577724 (WhatsApp)

Email: (Enquiries only)

 (customer service)


  • FBN Insurance

FBN is one of the youngest startup insurers in Nigeria. The company has been growing stronger yearly since it began operations in 2010. It has branches in strategic locations across the country through which it offers its services to Nigerians interested in insuring their lives and properties.


Head Office: NIPOST Building Marina, 34 Marina Road, Lagos.

Phone Number(s): +234 1 9054840

                             +234 1 9054810

                             +234 1 9054380

                             +234 1 9054364-5

                             +234 1 9054444



 Mutual Benefit Assurance Plc

Mutual Benefit is another leading brand in Nigeria’s insurance sector. The company provides innovative and quality insurance packages for its customers. Products offered by Mutual Benefit Assurance include; Burglary, Fire and Special Perils, Householder Insurance, Group Personal Accident, Motor Vehicle, Travel Health Insurance, and many more.


Office Address: 233 Ikorodu Road, Ilupeju, Lagos

Phone Number(s): 09054644444, 09054744444




If you are in Lagos or anywhere else in Nigeria and you need a reliable and efficient insurance company to secure your life and properties, then this list would have helped you in no small way. The ten companies listed in this article are some of the best in the entire country and will no doubt meet your expectations if you decide to reach out to any of them.

Leave a Reply

Your email address will not be published. Required fields are marked *