Do you plan on traveling? Are you looking for the best travel insurance in Nigeria? If your answer to these questions is “Yes,” you’re on the right page. This Nigeriainfobustop post features the best travel insurance companies in Nigeria. Before we get to the list, let’s find out what travel insurance is all about.
What Is Travel Insurance and Why Do You Need It?
Travel insurance is a type of insurance against potential monetary losses and dangers incurred on a trip.
If something goes wrong while traveling, it might cost you dearly without insurance. Travel insurance pays out in different situations, depending on the policy. Most insurance policies include protection for stolen or lost luggage, emergency medical costs, such as the cost of care and transportation back home, as well as the cost of rescheduling, delaying, or shortening your trip.
They also cover legal fees if you are sued for injury or property damage, such as delays and cancellations that affect travel or lodging. The precise coverage offered will vary significantly among insurers and policies. Therefore, it’s crucial to understand the policy’s language before subscribing to any.
With the many travel insurance companies in Nigeria, it might be difficult to settle on one. Not to worry, you can use any of the best travel insurance companies in Nigeria listed below:
1. Allianz Nigeria
The international travel insurance provided by Allianz satisfies the travel criteria of numerous embassies, including those of Schengen member states. With this insurance service, you get 24-hour travel help globally on the dangers associated with travel, and it covers emergencies, and medical expenses as well. You’ll find all the details about what the insurance covers. However, some exceptions include pre-existing medical conditions, pregnancy, and routine checks.
2. Custodian PLC
Insurance firm Custodian & Allied is 100% Nigerian-owned. The company’s only goal is to create, package, and distribute cutting-edge insurance products that meet the specific requirements of its clients, all while running a sustainable business that rewards its owners with a healthy return on investment. Among these services is a dependable travel insurance service. The company is legally authorized to offer insurance services in Nigeria and is a registered member of the Nigerian Insurers Association (NIA).
3. IGI Nigeria
Travel insurance plans are available from IGI in conjunction with other international companies. The company offers one of the most extensive and reasonably priced policies for travel health protection. IGI’s Travel & Health Insurance policy for international travelers covers compensation for unexpected medical costs, assistance with evacuation and return home, and help with returning. In addition, one of the main advantages is that you enjoy reduced monthly premiums.
4. AXA Mansard
No matter your travel destination or purpose, whether you are traveling for business, leisure, or school, you can count on the AXA Mansard travel insurance policy. This travel insurance covers the risks involved with traveling outside Nigeria. General (Business/Tourism) protection, student protection, and pilgrimage protection are the available insurance options. You won’t need to worry about loss of baggage, canceled flights, unexpected medical bills, or emergency medical evacuation, to name a few. For students, in particular, you are protected against medical emergencies and personal accidents.
5. Atlas Travel
The Atlas Travel Medical Insurance Plan covers international travelers, students, and residents in any country. It provides basic coverage for trips as short as five days. Students who need travel insurance coverage, travel dependents not covered under a spouse’s or parent’s plan, and anybody else seeking a low-cost international medical evacuation plan are all prime candidates for this insurance plan.
6. Stanbic IBTC Insurance Limited
Stanbic IBTC Insurance Limited travel insurance lets you relax, enjoy your trip, and not worry. The insurance covers flight delays, medical expenses, rescheduling/cancelling trips, lost or stolen luggage, and other charges. The low premium gives guaranteed death benefits to beneficiaries, and you can withdraw before age 59, unlike other travel insurance companies. Furthermore, you can customize the insurance contract conditions to your needs.
7. Leadway Assurance
You don’t have to worry about travel hazards with this insurance company. Leadway Travel Insurance protects you from airline cancellations and lost luggage. If you fall ill or have an accident while traveling, it could be a huge bill you didn’t prepare for, especially if you’re receiving treatment in a foreign country, but Leadway has you covered. Most importantly, Leadway Assurance provides a lawyer if you have legal difficulties during your trip under the Travel Gold coverage.
InsureandGo lets you choose between Budget, Silver, Gold, or Black for a single trip or an annual multi-trip policy. The actual cover limitations and price may vary, but some components are standard. Primarily, it covers cancellation expenses. It pays up to your policy’s limit if you cancel or shorten your trip. It also covers lost, stolen, or damaged luggage or belongings. With this insurance, you may receive a benefit payment for each complete 12-hour delay, as long as you eventually travel. For delays of over 24 hours due to strike action, weather, or mechanical breakdown, you can get paid for your unused travel and lodging charges.
9. High Risk Voyager
The High Risk Voyager travel insurance for trips to Nigeria aims to provide comprehensive travel security for people traveling or working in Nigeria’s high-risk territorial zones. The insurance protects you in the event of a missed departure, baggage damage, and sporting activities.