NICON Insurance: Their Office Address And All Insurance Packages with Their Benefits

NICON Insurance Limited, is one of Africa’s leading Insurance Company that was originally owned by the Federal Government of Nigeria. The company was setup in accordance with Decree No.22 of 1969 (now Cap 263 law of 1990 as amended) with a major aim of assisting in making a huge development in the insurance industry in Nigeria and majorly to ensure that every Federal Government assets and property all over the country are fully protected and covered by way of insurance.

Meanwhile, at the takeoff in the second phase of the Federal Government Privatization Policy, NICON Insurance was part of privatization which took place among major government parastatals shake up in December, 2005. With an asset base of well over N46.9bn gathered over the period of 40-year in the industry, they have a total of 40 branches and Six regional offices, it is therefore very justified to classify NICON as a colossus in the insurance and other financial services sector In Nigeria.

Insurance Packages And Their Various Benefits

Target Savings Account Benefits

Minimum annual Investment of N60,000.
Flexible premium payment (Monthly, quarterly, half yearly or annually).
Minimum term one (1) year with an option to roll over.
Interest rate guaranteed at 5% from second year.
Withdrawal after one (1) year shall be allowed at 2% interest rate.
50% of total investment is guaranteed as free life cover payable at the death of the investor subject to limit of N600,000.

Motor Third Party Insurance Benefits

The Policy will pay Third Party for Death of or bodily injury.
Damage to any third party property with a limit of N1,000,000.00.
Claimant’s costs and expenses with insurer’s approval.
The Policy satisfy the law and avoid legal embarrassment to vehicle owner.

Travel Insurance Benefits

Covers you against attack to your house by burglars/thieves.
Pay back cost of items stolen from your house by burglars/thieves such as:- Electronics, furniture, fittings, clothing, jewelry and others specified.
Pay for your belongings stolen by burglar/thieves when you temporarily reside in hotel, other private residence and club within Nigeria provided you don’t reside there in excess of 90 day in 1 year period of insurance.
Pay when property/belonging of your visitor is stolen by burglars/thieves.
Pay to fix doors damaged by burglars/thieves either to gain entry or exist from premises

Burglary Private Dwelling Benefits

Covers you against attack to your house by burglars/thieves.
Pay back cost of items stolen from your house by burglars/thieves such as:- Electronics, furniture, fittings, clothing, jewelry and others specified.
Pay for your belongings stolen by burglar/thieves when you temporarily reside in hotel, other private residence and club within Nigeria provided you don’t reside there in excess of 90 day in 1 year period of insurance.
Pay when property/belonging of your visitor is stolen by burglars/thieves.
Pay to fix doors damaged by burglars/thieves either to gain entry or exist from premises.

READ ALSO- NEM Insurance Plc: How To Open An Insurance Plan And Their Office Addresses In Nigeria

NICON Insurance Branches In Nigeria

Abuja Branch3rd Floor NICON Plaza, Plot 242 Muhammadu Buhari Way, Central Business District, Abuja 0805508459 7FCT Abuja Nigeria
Corporate Headquaters242 Mohammadu Buhari Way, Abuja, Nigeria+234 (0) 1234567 +234 (0) 809 504 1234Abuja AbujaNigeria
Minna BranchNo 1 Bank Road P.O.Box 1079 Minna 07033773219 Minna Niger Nigeria
Kaduna BranchNo 24, Broadcasting Road, Kaduna 08036070465 Kaduna Kaduna Nigeria
Zaria Branch2nd Floor UBA Building, F11, Kaduna – Zaria Road, Zaria 08129010364 Zaria Kaduna Nigeria
Ado Ekiti BranchNo 128, Ajilosun Street Ikere Road Ado-Ekiti 08033987920Ado-Ekiti Ekiti Nigeria
Enugu Branch56, Ogui Road, Enugu 08076229244Enugu Enugu Nigeria
Bauchi BranchNICON House Building, Ahmed Abdulkadir Road, Bauchi 08127230569 & 08036055739 Bauchi BauchiNigeria.
AWka Branch4, Ozo Nwimoka Close, P.O.Box 1096 Awka Anambra State 08056788223 Awka Anambra Nigeria
Onitsha Branch 64 New Market Road, Onitsha 08032743939 Awka Anambra Nigeria
Ikorin BranchNo 232 Ibrahim Taiwo Road, Ilorin Kwara State 08129010338 Ilorin Kwara Nigeria
Asaba BranchNo 377, Nnebisi Road P.O.Box 1600 Asaba Delta 08034086053 Asaba Delta Nigeria
Gusau BranchNo 10A Sani Abacha Sokoto/Zaria Road, P.O.Box 969 Gusau 08086527130 & 07063465740 Gusau Zamfara Nigeria
Benin BranchNo 55, Akpakpava Street P.M.B 1343 Benin City 08071325413 & 08029527919 Benin City Edo State Nigeria
Umuahia Branch5, Nsukka Street, Umuahia Abia State Umuahia Abia Nigeria
Owerri Branch43, Okigwe Road, Owerri, Imo State 08033651409 Owerri Imo Nigeria

Katsina Branch61, IBB Way, Investment House, Katisina08024344760, 08035871510Katsina Katsina Nigeria
Warri Branch 279, Warri/Sapele Road, Warri Delta State08037061962Warri Delta Nigeria
Uyo BranchNo 12 Nwaniba Road, Uyo, Akwa Ibom08065053041Uyo Akwa Ibom Nigeria
Calabar Branch1 Barracks Road, Calaba 08129010295 Calabar Cross-River Nigeria
Port Harcourt Branch16/18, Aba Road, Port Harcout 08129010353Port Harcourt Rivers Nigeria
Abeokuta BranchNo 38 Tinubu Street, Ita Eko Abeokuta 08058151353 Abeokuta Ogun Nigeria
Otta BranchNo 103 Idiroko Road, Otta, Ogun State 08087724244 Abeokuta Ogun Nigeria
Sokoto BranchNo 5, Dogodanji House, B/Kebbi Road P.O.Box 815 Sokoto 08036793637 Sokoto Sokoto Nigeria
Ikeja Branch58 Allen Avenue08037179081Ikeja LagosNigeria
Apapa BranchNo 22 Commercial Road Apapa Lagos 08138883995 Ikeja Lagos Nigeria
Yaba BranchNo 20/22 Commercial Avenue Sabo Yaba, Lagos 0708488777 0Ikeja Lagos Nigeria
Lagos Island Branch 5, Custom Street, Marina Lagos 08023065231 Ikeja Lagos Nigeria
Head Office Annex8 Adeyemo Alakija Street Victoria Island Lagos Lagos 101241 Nigeria
Victoria Island Branch No 8 Adeyemo Alakija Street Victoria Island, Lagos 08029077980 Ikeja Lagos Nigeria
Yola BranchBornoma House, 94, Muhammed Mustapha way, Jimeta – Yola 08129010366 Yola Adamawa Nigeria
Maiduguri Branch16, Shehu Laminu Way, Maiduguri Maiduguri Borno Nigeria