Lasaco Assurance — review & details

In Life insurance · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

Long-established Nigerian composite insurer — licensed by NAICOM for both life and general business (RIC 023) — with a broad life shelf spanning individual and group life, education, investment and estate plans. The site states its NAICOM authorisation and RIC number plainly in the footer.

Lasaco Assurance

Long-established Nigerian composite insurer — licensed by NAICOM for both life and general business (RIC 023) — with a broad life shelf spanning individual and group life, education, investment and estate plans. The site states its NAICOM authorisation and RIC number plainly in the footer.
★★★★☆
3.7/5 · How we rate
Individual life, group life, Lasaco Education Plan, Investment Plan, Estate Plan, Future Secure Plan, Executive Corporate Plan
Products
NAICOM composite licence (life and general) — RIC 023
Licence
Established composite insurer listed on NAICOM's register, with a wide branch-era distribution history
Strength
Buyers who want a traditional Nigerian insurer covering life and non-life needs under one roof
Best For
insurer
Type
Pros
  • Verified on NAICOM's composite insurers register (RIC 023), with the licence also stated on its own site
  • Broad life product shelf, from education savings to estate planning
  • Handles both life and general business, convenient for bundling cover
Cons
  • Composite (not specialist life) insurer — life is one line among several
  • Website publishes no pricing or claims-turnaround statistics, so you must request quotes to compare value
  • Brand and digital experience trail the largest bank-backed and pan-African rivals
Fees, eligibility & documents
Fees
PremiumsQuote-based; depend on plan, cover amount and term
Eligibility
  • Nigerian residents; age limits vary by product
Documents needed
  • Valid ID
  • Completed proposal form
Visit Lasaco Assurance

How Lasaco Assurance compares in life insurance

Lasaco Assurance scores 3.7/5 in our life insurance rankings. Our current top pick is Leadway Assurance (4.5/5). Always compare a few before you decide — see the full life insurance comparison.

Lasaco Assurance
3.7/5 · this page
 Leadway Assurance
4.5/5
 AIICO Insurance
4.3/5
Products Individual life, group life, Lasaco Education Plan, Investment Plan, Estate Plan, Future Secure Plan, Executive Corporate Plan Term, whole life, group life Term, whole life, endowment, group
Licence NAICOM composite licence (life and general) — RIC 023 — —
Strength Established composite insurer listed on NAICOM's register, with a wide branch-era distribution history — —
Best For Buyers who want a traditional Nigerian insurer covering life and non-life needs under one roof Claims certainty Life cover
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Details last checked: August 2026

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