10 Best Travel Insurance Companies in Nigeria 2024

Last updated on January 2nd, 2023

If you need dependable travel insurance coverage, this article will detail some of the best travel insurance companies in Nigeria that are accredited.

When planning your travels, it is important to take into account the potential risks that could occur while on your local and international trips. While there is no guarantee that everything will go as planned, taking the time to explore different insurance options can help protect yourself in case of an unfortunate event.

There are a lot of factors to consider when choosing the best travel insurance company for your trip. These companies can offer different policies and discounts for frequent travelers, so be sure to ask about their offerings before making your decision.

Some factors you may want to consider include the company’s history, customer service, coverage, and how easy it is to use their website or app. Let’s first take a look at some things to consider when buying travel insurance coverage in Nigeria.

Things to Consider When Purchasing a Travel Insurance Policy in Nigeria

There are many factors that one needs to consider when purchasing a travel insurance policy in Nigeria. It is important to find the best travel insurance companies in Nigeria that offer comprehensive coverage for your needs. You should also be aware of the exclusions and limitations of the policy before you purchase it.

It is also important to read the fine print before you buy a policy. Some policies may have a limit on the amount that they will reimburse you for medical expenses or for lost or damaged baggage. You should also find out if the policy covers the cancellation or interruption of your trip.

Another thing to consider is whether the policy provides coverage for activities such as skiing or scuba diving. If you plan on participating in any risky activities while you are on vacation, make sure that the policy covers those activities.

10 Best Travel Insurance Companies in Nigeria

There are many travel insurance companies in Nigeria, but only a few are considered to be the best. The best travel insurance companies typically have high customer satisfaction ratings, offer a wide range of coverage, and have a team of experienced professionals who can help you understand your policy and make sure you’re getting the most out of it.

Here are the 10 best travel insurance companies in Nigeria.

#1. AIICO Travel Insurance

AIICO travel insurance is one of the best travel insurance companies in Nigeria. This company offers a travel insurance policy in collaboration with Chartis, a South African corporation, that covers incidents while visiting Schengen countries.

They offer comprehensive travel insurance policies that cover a wide range of risks, including medical expenses, evacuation, loss of baggage, and cancellation or interruption of your journey. They also have a 24/7 emergency assistance line that can help you with any problems or emergencies that may arise while you’re away.

#2. AXA Mansard Travel Insurance

AXA Mansard Travel Insurance is also one of the best travel insurance companies in Nigeria. It offers a wide range of travel insurance policies to choose from, and its customer service is excellent. AXA Mansard also has a wide network of agents and branches all over the country, which makes it easy for customers to find a policy that meets their needs.

AXA Mansard Travel Insurance is designed to protect you against the hazards that come with traveling. They offer protection for:

Property damage
Delays in flights
Medical bills incurred as a result of illness or an accident
Finally, a medical evacuation is required in the event of an emergency.

#3. LeadWay Travel Insurance

LeadWay Travel Insurance is arguably the best travel insurance company in Nigeria. They have been in business for over 20 years and offer a wide range of coverages, including medical, trip cancellation, and baggage loss/delay. They also have a great reputation and are known for providing excellent customer service.

LeadWay Travel Insurance covers all insured travelers visiting all Schengen countries and the rest of the world for vacation or business in the event of an accident, illness, or loss of property.

The following are some of the great benefits of this policy:

Loss of Baggage or property
Cancellation of the trip
Delay or cancellation of a flight
Personal financial loss
Personal injury/liability
Expenses, crises, and repatriation are all covered by medical aid.
Cost-effective and comprehensive

#4. Mutual Benefit Travel Insurance

Mutual Benefit Travel Insurance is one of the top companies in Nigeria. They are also a reputable travel insurance provider. The company offers a variety of policies that include trip cancellation, medical coverage, and baggage loss/delay. They also have a 24/7 customer service line so you can get help anytime you need it.

The insurance of this company is friendly since it is called Visitor’s Insurance Programme (VIP), and it covers insured persons traveling to Schengen countries in Europe for emergency medical expenditures and repatriation to Nigeria (if necessary).

#5. Zenith Insurance

If you’re looking for the best travel insurance companies in Nigeria, you can’t go wrong with Zenith Insurance. Established on 30 March 2001, Zenith is one of the country’s leading insurers and offers a wide range of products and services to meet your needs. Whether you’re traveling for business or pleasure, Zenith has a policy that’s right for you.

Zenith’s travel insurance policies are designed to provide you with the protection you need while you’re away from home. They offer coverage for medical expenses, trip cancellation or interruption, baggage loss or delay, and more. And because they understand that your safety is always a top priority, they also offer emergency assistance services 24 hours a day, seven days a week.

So if you’re planning a trip and want peace of mind knowing that you’re fully protected, be sure to check out Zenith Insurance.

#6. Industrial General Insurance

Industrial General Insurance (IGI) is one of the best travel insurance companies in Nigeria. It offers a wide range of travel insurance products and services to meet the needs of both individuals and businesses. Some of its products include international health insurance, business travel insurance, and student travel insurance.

Industrial General Insurance has a team of experienced and qualified professionals who are dedicated to providing quality service. It also has a strong network of agents and partners across 194 Countries including the USA, who can help you get the best coverage for your local and international trip.

So, if you’re looking for reliable travel insurance coverage, Industrial General Insurance is a good option to consider.

#7. Cornerstone Insurance

There are many insurance companies in Nigeria, but not all of them offer the best travel insurance. Cornerstone Insurance is one of the best companies for travel insurance in Nigeria. They have a wide range of policies to choose from, and they are always up-to-date with the latest changes in the industry. They also have a very friendly and helpful staff, who will help you find the policy that best suits your needs. It offers protection against bodily harm caused by the following events:

Death
Medical bills incurred as a result of the accident’s injuries
Permanent disability
Luggage theft

#8. Linkage Assurance

There are many best travel insurance companies in Nigeria, but not all of them offer linkage assurance. This is a very important feature that should not be overlooked when choosing a company to insure your travel. Linkage assurance means that if something happens to you while you are away and you need to be medically evacuated back to Nigeria, the company will cover the cost.

Not all companies offer this coverage, so it is important to do your research and choose one that does. The last thing you want is to be stranded in a foreign country with no way to get home because of an emergency. Make sure your travel insurance company offers linkage assurance before you book your trip.

#9. Allianz Nigeria

Allianz Nigeria is one of the best travel insurance companies in Nigeria. It offers a wide range of travel insurance policies to its customers, which include both local and international travel. Allianz Nigeria also offers a variety of other insurance products, including health, car, home, and life insurance.

#10. World Nomads Travel Insurance

Finally, when it comes to travel insurance, World Nomads is one of the best companies to work with. They have a wide range of options to choose from, and they are always up-to-date on the latest changes in travel insurance policies. They also offer great customer service, so you can feel confident that you’re covered no matter what happens during your trip.

Conclusion

In conclusion, it is important to have travel insurance when traveling overseas or locally, as it will provide you with protection in the event of an emergency. The best travel insurance companies in Nigeria are those that offer comprehensive coverage and have a good reputation. Trust this article was helpful? Kindly share with your friend and colleagues. Thank you!

Frequently Asked Questions

Check out what other people are searching for about best travel insurance companies in Nigeria:

Which is the most reliable travel insurance?

There is no definite answer to this question, as the most reliable travel insurance will vary depending on your individual needs and preferences. That said, some factors to consider when choosing a travel insurance policy include the company’s reputation, the coverage provided, and the price.

Do I need travel insurance for Nigeria?

It depends on the purpose of your visit abroad or locally. If you are a Nigerian citizen, you need a visa to visit U.S for tourism purposes for up to 90 days. Thus, travel insurance is always recommended, especially when traveling to a foreign country.

How much is travel insurance for Schengen visa in Nigeria?

It is not costly to acquire Schengen travel insurance. It all depends on how long you’ve been in a Schengen country and how old you are. For applicants aged three months to 71 years, the insurance premium (fee) starts at 3,250 Naira for seven days. For ten days, it costs 4,750 Naira and for a month, it costs 8,750 Naira.

How do I choose a travel insurance provider?

There are a few things you should keep in mind when choosing a travel insurance provider:

The company’s reputation. Make sure to do your research and read reviews before choosing a provider.
The coverages offered. Make sure the policy includes medical expenses, trip cancellation, baggage loss, and other important coverage.
The cost. Compare prices between different providers to find the best deal.

Is travel insurance worth the cost?

Some people feel that travel insurance is worth the cost, while others believe that it is not necessary. Ultimately, the decision comes down to each individual traveler’s needs and preferences.

Travel insurance can provide peace of mind in case of unexpected events such as cancelled flights or lost luggage. It can also help cover costs if you need to cancel your trip or return home early.

Can I buy travel insurance after departure?

Yes, you can buy travel insurance after departure, but it may be more expensive and may not cover all the same things as a policy bought before departure. always check the policy carefully to make sure you are aware of what is and is not covered.