Key Features and Services Offered by Guinea Insurance PLC

ByAmina Haliyu Hours

Guinea Insurance PLC is a Nigerian insurance company that offers a variety of insurance products and services to cater to individual and corporate needs. Established in 1948, the company has evolved over the years and is recognized as one of the oldest insurance firms in Nigeria. It is listed on the Nigerian Exchange Group (NGX) and regulated by the National Insurance Commission (NAICOM).

Key Features and Services Offered by Guinea Insurance PLC

  1. General Insurance Products:

    • Motor Insurance: Comprehensive and third-party motor insurance policies.
    • Fire and Special Perils Insurance: Coverage for property damage due to fire, lightning, and allied perils.
    • Marine Insurance: Protects against loss or damage to goods in transit by sea, air, or land.
    • Burglary Insurance: Provides financial protection against theft and burglary incidents.
    • Goods-in-Transit Insurance: Covers goods while being transported.

  2. Life Insurance Products:

    • Group Life Insurance: For employers seeking to provide life insurance benefits for their employees.
    • Individual Life Assurance: Personal life insurance plans designed to provide financial security to dependents.

  3. Corporate Insurance Solutions:

    • Tailored insurance products for businesses, including public liability, employer liability, and professional indemnity.

  4. Travel Insurance:

    • Covers risks such as medical emergencies, trip cancellations, and personal liability while traveling abroad.

  5. Health Insurance (through partnerships):

    • Provides health-related cover for individuals and groups.

Mission and Vision

  • Mission: To provide innovative insurance solutions that protect the assets and livelihoods of customers.
  • Vision: To be a customer-centric insurance company known for reliability, transparency, and innovation.

Financial Stability and Growth

Guinea Insurance PLC has demonstrated resilience and adaptability in Nigeria’s evolving insurance market. The company ensures compliance with NAICOM regulations, particularly in maintaining the required solvency margin and capital base.

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Contact Information

Guinea Insurance PLC operates through a network of branches and customer service centers across Nigeria, offering accessibility and support to its clients. Its corporate headquarters is located in Lagos, Nigeria.

For more details about their products and services, visit their official website or contact their customer care team.