Top 10 Highest Paying Insurance Companies in Nigeria & Salaries (2024)

Last updated on August 4th, 2023 at 08:24 pm

There are a number of forward-thinking insurance firms that are thriving in Nigeria. You’ve come to the perfect place if you’re seeking for the best-paying insurance firms in the country. Many of them have been operating for many years now, and have an exceptional reputation. Let’s get right to it and talk about these insurance firms. They are well-known in the industry and know what they are doing, as you can see.



Nigeria has a number of high-paying insurance companies. These firms have built good reputation and have served a large number of consumers when they first opened their doors. The following are some of these insurance companies paying good salaries to their workers:


The Leadway Assurance Company has been in operation in the country since 1970. Many customers benefit from the company’s combined insurance and financial services. As a result, they can be suggested to the general public, and any of their products can be subscribed to.

General insurance, life and health insurance, property insurance, savings and investment plans, annuities and pensions, premium finance, marine insurance, agricultural insurance, and motor insurance are some of the insurance products offered by Leadway Assurance Company Limited.

Employees at Leadway Assurance Company Limited in Nigeria earn an average of ₦2,726,000 per year. It is one of the country’s highest-paying insurance companies.


Another well-known insurance firm in Nigeria that pay high salaries is Custodian and Allied Insurance Plc. It is one of the country’s most well-capitalized insurance companies to work for. Custodian and Allied Plc employees earn an average of 145,950 Naira per month. This information was gathered by the company’s top employees.

Custodian and Allied Insurance Plc was founded in 1997 and has since been able to expand. The company offers life and general insurance. You can sign up for any of their services. It’s worth noting that the firm also provides wealth management services.

As a result, it might be considered one of the best-paying insurance firms in the country.


AXA Mansard is one among Nigeria’s best-paying insurance firms, and you can join at any time. AXA Mansard Insurance’s average salary is 144,500 Naira per month. They’ve been around for a long time and are highly versatile in their work. You can also benefit from their many offers and products.

Autoflex plan, Auto Go, Auto Classic, Easy care health plan, General business and tourism protection, Money market fund, and Equity income fund are among the services they provide. They have things that might bring in a lot of money from subscribers. Here’s where they’re physically located: Victoria Island, Lagos State, 928A Aboyade Cole Street.


Prestige Insurance Ltd has been in the insurance business for a long time. Customers can use the company’s services for insurance and reinsurance. You can sign up for any of their services, such as life insurance and risk management, claim advising and management, and so on. It’s worth noting that this insurance firm has a good reputation in the field.

As the insurance broker of the year, the insurance company has been chosen to be amongst the best to work with. Prestige Assurance employees earn an average of 141,750 Naira per month. The actual address of Prestige Insurance Ltd is 19, Ligali Ayorinde Street, Victoria Island, Marina, Lagos State.


Consolidate Hallmark Insurance can brag about having excellent employees who know their stuff. They have a capable team working hard to ensure that the company continues to be one of the best in the country. Consolidated Hallmark Insurance (CHI) Plc’s average salary is 125,370 Naira.

Personal insurance is available from Consolidated Hallmark Insurance Plc to help people protect themselves from unexpected losses. The physical address of this company is No 266, Moshood Abiola Way, Obanikoro, Lagos State.


NEM Insurance Plc isn’t only one of the greatest insurance firms in Nigeria, they are also one of the best paying insurance firms in the country. The company is also one of the oldest, having first opened its doors in 1948. They provide general insurance, such as travel insurance and fire insurance.

NEM Insurance Plc’s physical address is 199 Ikorodu Rd, Obanikoro, Lagos state. Nem Insurance employees earn an average of 124,530 Naira per month. As a result, they are one of Nigeria’s highest-paying insurance businesses.


Cornerstone Insurance offers both general and life insurance in the country, and they are among the best. The National Insurance Commission has licensed and re-certified this insurance company (NAICOM). They have garnered numerous honors and distinctions for their remarkable professionalism.

You can sign up for any of their insurance products, including auto, travel, home, and life. Water Corporation Drive, off Ligali Ayorinde Street, Victoria Island, Lagos State is the physical address of Cornerstone Insurance.

Cornerstone Insurance pays an average of 122,696 Naira per month. They’re one of the country’s best-paying insurance firms.


Next on the list of Nigeria’s highest-paying insurance businesses is Industrial and General Insurance Plc. Industrial and General Insurance (IGI) employees earn an average salary of 116,550 Naira. Another insurance company that is recognized as one of the best-paying in the country is this one.

The company was later re-registered as a public limited liability company after servicing thousands of customers since 1992. Here are some of the goods they have to offer that you can use: Motor insurance, life insurance, engineering/contractor risk insurance, marine insurance, travel insurance, and health insurance are all available.


One of Nigeria’s oldest insurance businesses is AIICO Insurance. It’s worth noting that this is one of the highest-paying insurance firms in the country. AIICO Insurance employees earn an average of 96,470 Naira per month. This information was gathered by 18 AIICO Insurance personnel. The organization has done an excellent job of learning the ropes of the market.

AIICO Insurance provides high-quality insurance to the general people. Life assurance and annuities, general insurance, health insurance, pension management, property insurance, and other services are provided by the firm.

The actual address and headquarters of AIICO Insurance are located at Plot PC 12, Church Gate Street, Victoria Island, Lagos State.


Mutual Benefits Assurance is one of Nigeria’s most profitable insurance companies. Mutual Benefits Assurance employees earn an average of 91,140 Naira per month. Mutual Benefits Assurance’s 22 employees gathered this information.

This company has been servicing the public for more than two decades. You can obtain excellent remuneration by subscribing to their products. Here’s some of their work: Pure life insurance, children’s education plans, automobile and trip insurance, and so on.

The actual address of Mutual Benefits Assurance is Aret Adams House, 233 Ikorodu Road, Ilupeju, Victoria Island, Lagos State.


These are the top insurance firms in Nigeria that pay the highest premiums. These businesses assist people who want to protect their future against such calamity. However, you must first understand what you are searching for and how an insurance firm operates before selecting the best one.

There are several variables to consider when selecting an insurance provider in order to accomplish this. These qualities are important in order to avoid being persuaded by flashy branding, for example. During the course of this article, the insurance companies that pay the highest salaries were highlighted.

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Oluchi Chukwu

Oluchi is a seasoned Information blogger, content developer and the editor of Nigerian Queries. She is a tech enthusiast who loves reading, writing and research

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