NSIA Insurance — review & details

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

Composite insurer on NAICOM's register (RIC 003) with a substantial life range alongside its general business — term and whole-life protection, credit and mortgage protection, plus savings, endowment and deferred-annuity plans. The site cites '30+ years of experience' and states its NAICOM authorisation in the footer.

NSIA Insurance

Composite insurer on NAICOM's register (RIC 003) with a substantial life range alongside its general business — term and whole-life protection, credit and mortgage protection, plus savings, endowment and deferred-annuity plans. The site cites '30+ years of experience' and states its NAICOM authorisation in the footer.
★★★★☆
3.7/5 · How we rate
Term assurance, whole life (Living Companion), keyman, education protection, group life, credit life, mortgage protection, savings/endowment plans, deferred annuity
Products
NAICOM composite licence (life and general) — RIC 003
Licence
Three decades of operating history and one of the wider life product shelves among composites
Strength
Borrowers needing credit or mortgage protection and families wanting classic protection-plus-savings plans
Best For
insurer
Type
Pros
  • Verified on NAICOM's composite insurers register (RIC 003), also stated on its own site
  • Unusually wide life range for a composite, including deferred annuities and mortgage protection
  • States 30+ years of operating experience
Cons
  • Composite insurer — life competes for attention with a large general-insurance book
  • No published pricing or claims statistics on the site; comparison requires direct quotes
  • Group affiliation and financial-strength detail are thin on the website
Fees, eligibility & documents
Fees
PremiumsQuote-based; depend on age, cover, term and product
Eligibility
  • Nigerian residents; age limits vary by product
Documents needed
  • Valid ID
  • Completed proposal form
Visit NSIA Insurance

How NSIA Insurance compares in life insurance

NSIA Insurance 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.

NSIA Insurance
3.7/5 · this page
 Leadway Assurance
4.5/5
 AIICO Insurance
4.3/5
Products Term assurance, whole life (Living Companion), keyman, education protection, group life, credit life, mortgage protection, savings/endowment plans, deferred annuity Term, whole life, group life Term, whole life, endowment, group
Licence NAICOM composite licence (life and general) — RIC 003 — —
Strength Three decades of operating history and one of the wider life product shelves among composites — —
Best For Borrowers needing credit or mortgage protection and families wanting classic protection-plus-savings plans Claims certainty Life cover
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Details last checked: August 2026

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