Term Assurance

This is a  risk based plan that covers basically death of the Insured within the policy duration


  • The policy covers the risk of death only.
  • It pays to the beneficiary the sum assured in the event of death of the policy holder during the policy duration.
  • There is no survival benefit.
  • The frequency of premium payment is either Annual or Single.

Who purchases this cover?

Everyone who is desirous of providing financial protection for his family and loved ones.

About Us

AIICO Insurance Plc., is the leading life insurer in Nigeria.

Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.