Insurance Company Salary Structure In Nigeria

Insurance company is any company that provide a form
of coverage or compensation that may result from loss or damages to lives and property. 

Anyone that buys an insuraance is known as an insured or as a policyholder. 

There are different types of insurance ,these include:-

  • Life Insurance or Personal Insurance
  • Property Insurance
  • Marine Insurance
  • Fire Insurance
  • Liability Insurance
  • Guarantee Insurance
  • Social Insurance
  • --
In this post we are quickly going to check out how much is the average monthly salary earned by the staff of insurance companies in Nigeria. 

Insurance Companies In Nigeria Salary Structure

Q: Insurance Companies Salary Structure?

The average salary earned by employees of Insurance Companies Nigeria is between ₦75,000 - ₦80,000 per month after tax. 

Marketers under insurance companies may be entitled to an additional 5% - 10% commission on sales made, 

some insurance companies in Nigeria do not pay monthly salary,however their marketers earn strictly on commission and work according to a fixed monthly  target.

Some of the top Insurance companies in Nigeria include:- 
  • Royal Exchange Plc 
  • Niger Insurance Plc 
  • Aiico Insurance Plc
  • Adic Insurance
  • African Alliance Insurance Company Ltd
  • Acen Insurance Company
  • A&G Insurance
  • Consolidated Hallmark Insurance.
  • Continental Reinsurance
  • Cornerstone Insurance PLC etc.

Read Also: Operations Manager Salary Structure In Nigeria 

  • The information on this page is subject to change,figures stated here are only estimates and not 100% accurate.
  • Figures stated here represent net total amount with tax deductions.