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allianz nigeria life insurance

Allianz Nigeria Life Insurance

Our life insurance offers you and your loved ones the most comprehensive benefits

Your family already enjoys a certain standard of living. But what happens if you are diagnosed with a critical illness, become disabled or pass way? For the answers, take a closer look at our life insurance plans.

What Insurance Plan Should I Choose?
Nigerian family protection

Take out a life insurance plan and we will pay your family or loved ones an agreed amount – your “life benefit” – if you pass away or become permanently disabled. Depending on your life insurance plan, we also pay a proportion of your life insurance benefit if you contract a critical illness.

You can choose to take out our Whole Life insurance plan, which provides lifelong cover; or our Term Life insurance plan, which covers you for specific periods.

You can also choose to pay your premiums monthly, quarterly, half-yearly or yearly. Our flexible Life insurance plans are transparent, affordable.

Term Life Plan

Death Benefits

death benefit - Allianz Nigeria
We will pay the beneficiary the sum assured in the event of the life insurance policy holder’s death.

Funeral Expenses

allianz nigeria Funeral expenses
We will pay an amount equivalent to 10% of the sum assured up to a maximum pay-out of N500,000 for funeral-related expenses.

Critical Illness Benefits

critical illness - Allianz Nigeria
We will pay a benefit totalling 70% of the sum assured upon diagnosis of a critical illness.

Accidental death

accidental death - Allianz Nigeria
We will pay twice the sum assured in the event of the policy holder’s accidental death.
Whole Life Plan

Sum Assured Benefits

sum assured benefits - Allianz Nigeria
We will pay the beneficiary the sum assured in the event of the life insurance policy holder's death.

Funeral Expenses

Allianz Nigeria - Funeral expenses
We will pay an amount equivalent to 10% of the sum assured up to a maximum pay-out of N500, 000 for funeral-related expenses.

Critical Illness Benefits

critical illness benefits - Allianz Nigeria
We will pay 70% of the sum assured upon diagnosis of a critical illness and a further 30% of the sum assured in the event of death during the policy term.

Cancer Cover

Cancer Cover - Allianz Nigeria
We also pay the sum assured upon the diagnosis of cancer.

Premium refund benefit

Regular premium paying life insurance plans

At the end of year 5, we refund 20% of the total premium paid to date.

At the end of year 10: A refund of 20% of the total premium paid to date.

Single premium paying life insurance plans

At the end of year 5: A refund of 20% of the total premium paid to date.

At the end of year 10: A refund of 20% of the total premium paid to date.

Cooling Off Period: If for any reason you choose to discontinue this policy, you may pause it 30 days from when it started – this is called a cooling off period. As long as you have not made a claim, we will deduct the cost of any medical tests and other costs that we may have incurred and then make a refund of your contribution.

Policy Cancellation: After the 30 day cooling off period, you or the company may decide to permanently cancel the contract. This must be stated by giving 30 days advance notification in writing. The Company may decide to cancel the Policy if: - You misrepresent important facts - You provide false, inaccurate or incomplete information - Your claim is fraudulent If this happens, you do not get any cash back.

what is life insurance

What is Life Insurance?

In general life insurance is a service provided to you by an insurer, in exchange for a regular payment
do i need life insurance

Do i need life insurance?

For most people, the answer to this question is yes. If you have children or other people that depend on you
what is a beneficiary

Who is a beneficiary?

When you buy a life insurance policy, you have to name a beneficiary: this is the person who will receive...