NSIA Insurance pivots to non-life, pays N18bn claims

The Punch | 01-09-2026 01:50am |

NSIA Insurance Limited has decided to focus only on non-life insurance, meaning they will no longer offer life insurance services. Instead, they have transferred their life insurance business to another company called CHI Life Assurance Limited. This change was announced during a press conference in Lagos after their annual meeting. Additionally, NSIA Insurance has paid out claims totaling 18 billion naira.

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