Number 1 Retail Life Insurer
aiicontact@aiicoplc.com 0201 279 2930 0700 AIIContact (0700 2442 6682 28)

Covid-19 Plan

About Covid Plan.

As part of our support for Nigeria at this time, AIICO Insurance and AIICO Multishield are offering a Corona Virus Disease (COVID-19) insurance and health care cover that pays out if a policyholder is quarantined in a government containment center or admitted in a government hospital or treated in an intensive care unit of a government hospital or as a result of being exposed to the disease. This helps to further cushion affected patients’ expenses and loss of income.

Required Documentation :

  • Completed Proposal Form
  • Proof of identity of the Proposed. One of the following is acceptable: Driver’s License, Voter’s Card , National Identity Card
  • Evidence of premium payment.
Areas of cover:
  • This product covers only residents of Nigeria and is available to residents across the 6 geo-political zones
  • Cover ceases should policyholder visit any of the WHO Covid-19 watch list countries during the period of cover.
  • Individuals who have visited any of the listed countries in the last 6 months may not be offered cover.

Claims Required Documentation

  • Original Copy of the Policy Document will be required
  • Proof of the insured event such as Certificate/Letter from a Government Medical Officer to be quarantined, admitted in hospital or treated in ICU for COVID-19)
  • Proof of identity of the beneficiary or policyholder will be required
  • Account details of beneficiary(ies)will be required

Benefits of AIICO Covid plans are:

  • Quarantine:

    The policyholder will receive N100,000 once this occurs. .

  • Death as a result of COVID-19:

    The named beneficiary(ies) will receive N200,000 if death occurs to the policyholder . .

Benefits Schedule for policy holders

  • Benefit Option 1:

    A daily cash benefit of N3,000 if client is quarantined in a Government Approved Facility, due to COVID 19
    Total Limit of Liability is =N=100,000.

  • Benefit Option 2:

    A daily cash benefit of N5,000 if client is admitted in a Government Approved Facility, BUT NOT ICU due to COVID 19.
    Total Limit of Liability is =N=100,000.

  • Benefit Option 3:

    A daily cash benefit of N10,000 if client admitted in a government approved ICU due to COVID-19
    Total Limit of Liability is =N=100,000.

  • Death Benefit is =N=200,000

Premium Frequency

  • Monthly: N400
  • Annually: N4,800

Payment Methods:

  • Premium payment methods available are standing orders, bank transfer, and direct debit transfer.
  • Cash payments should only be paid to an identified representative at any AIICO office. Cash payments should never be made to an agent!

Would you like to purchase this plan?

Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

An industry-leading plan that covers your expenses during the pandemic

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