Protecting the People Behind Every Future

Financial resilience also means ensuring that families, employees and businesses are protected when life takes an unexpected turn. Through its insurance partners, VPI facilitates access to life-insurance solutions for individuals, employers, lenders and organisations.

Term Life Insurance

Life protection provided for an agreed period, subject to the terms and conditions of the applicable policy.

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Individual Life Insurance

Financial protection designed to provide benefits to designated beneficiaries following qualifying events under the policy.

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Group Life Insurance

Life insurance designed for organisations seeking to provide protection for employees or defined groups of people.

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Credit Life Insurance

Protection designed to cover eligible outstanding credit obligations following specified events affecting a borrower.

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Key Person Insurance

Designed to help organisations manage the financial impact associated with the loss of an eligible key individual within the business.

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Q&As

Frequently asked questions

How much life insurance do I need?

A common rule of thumb is 5 to 10 times your annual income, enough to cover your family’s living expenses for several years, pay off debts, and fund long-term goals. The right amount depends on your obligations and your dependants.

What happens if I stop paying premiums?

If you miss premiums, your policy may lapse. Some policies have a grace period. Endowment plans may have a surrender value if you terminate early, though it is usually less than total premiums paid in the early years.

Can I be refused life insurance in Nigeria?

Insurers assess risk before offering cover. Health conditions, age, or occupation may affect your premium or eligibility. We will always tell you clearly what options are available.

What documents does a beneficiary need to make a claim?

Typically: a death certificate, the original policy document, proof of the beneficiary’s identity, and a completed claim form. Our claims team guides beneficiaries through the process step by step.

Is the payout from life insurance taxable in Nigeria?

Life insurance payouts in Nigeria are generally treated as non-taxable proceeds. Consult a financial advisor for your specific circumstances.

Talk to Our Team

Speak to us about life protection for yourself, your family or your organisation.