Tangerine Life — review & details

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

Tech-leaning life insurer formed from the merger of Metropolitan Life Nigeria and ARM Life, owned by private-equity firm Verod; authorised and regulated by NAICOM (RIC 042, stated on its own site) with retail cover advertised up to ₦50m.

Tangerine Life

Tech-leaning life insurer formed from the merger of Metropolitan Life Nigeria and ARM Life, owned by private-equity firm Verod; authorised and regulated by NAICOM (RIC 042, stated on its own site) with retail cover advertised up to ₦50m.
★★★★☆
3.9/5 · How we rate
Protection plans, education and savings plans, mortgage protection, family welfare/funeral cover, credit life, group life for employers
Products
Authorised and regulated by NAICOM, RIC 042 (stated on tangerine.africa and on NAICOM's life register)
Licence
Modern digital onboarding and a focused retail product set; inherits the books of two established insurers (Metropolitan Life and ARM Life)
Strength
Digitally comfortable buyers who want straightforward retail cover with online quotes
Best For
insurer
Type
Pros
  • Clear NAICOM licence statement (RIC 042) published on its own site
  • Digital client portal and online quote flow — less agent-dependent than legacy insurers
  • Merger heritage means a larger in-force book and actuarial base than its young brand suggests
Cons
  • The Tangerine brand itself only dates from 2020, and private-equity ownership raises the possibility of future ownership changes
  • Smaller balance sheet and brand recognition than the multinational-backed insurers on this page
  • Advertised maximum retail cover (₦50m) is modest for high-net-worth protection needs
Fees, eligibility & documents
Fees
PremiumsQuoted individually; monthly, quarterly and annual payment frequencies advertised — get a quote online
Eligibility
  • Nigerian resident within the plan's entry-age limits
  • Valid means of identification (NIN update requested for existing policyholders)
  • Medical underwriting for larger sums assured
Documents needed
  • Completed digital proposal form
  • Valid government ID (NIN prominently requested)
  • Passport photograph; medical report where required
Visit Tangerine Life

How Tangerine Life compares in life insurance

Tangerine Life scores 3.9/5 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.

Tangerine Life
3.9/5 · this page
 Leadway Assurance
4.5/5
 AIICO Insurance
4.3/5
Products Protection plans, education and savings plans, mortgage protection, family welfare/funeral cover, credit life, group life for employers Term, whole life, group life Term, whole life, endowment, group
Licence Authorised and regulated by NAICOM, RIC 042 (stated on tangerine.africa and on NAICOM's life register) — —
Strength Modern digital onboarding and a focused retail product set; inherits the books of two established insurers (Metropolitan Life and ARM Life) — —
Best For Digitally comfortable buyers who want straightforward retail cover with online quotes Claims certainty Life cover
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Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.