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

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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.

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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.

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

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

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

Accidental death

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

Sum Assured 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

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

death benefit - 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

death benefit - Allianz Nigeria
We also pay the sum assured upon the diagnosis of cancer.
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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.