Everyday Protection for People and Businesses

Climate resilience is only one part of financial resilience. VPI facilitates access to conventional general insurance solutions designed to protect individuals, MSMEs and organisations against everyday operational and financial risks.

Insurance products

Our general insurance portfolio includes solutions such as:

01

Motor Insurance

Protection for private and commercial vehicles, including applicable third-party and comprehensive insurance options.

02

Fire & Special Perils Insurance

Protection for buildings, equipment, stock and other insured property against fire and specified related risks.

03

Burglary Insurance

Protection against qualifying losses resulting from burglary, theft and associated damage, subject to policy terms.

04

Marine & Cargo Insurance

Protection for goods transported by sea, air or other applicable transit channels.

05

Goods-in-Transit Insurance

Protection against qualifying loss or damage to goods while being transported from one location to another.

06

All-Risk / Property Insurance

Protection for eligible business assets, equipment and property against specified accidental loss or damage.

07

Engineering Insurance

Risk protection for eligible engineering projects, machinery, equipment, installations and construction-related exposures.

08

Business Interruption Insurance

Designed to support businesses against qualifying financial losses resulting from interruption following an insured event.

09

Public Liability Insurance

Protection against qualifying third-party claims involving bodily injury or property damage arising from business operations.

10

Personal Accident Insurance

Provides financial protection following qualifying accidental bodily injury, disability or death.

11

Fidelity Guarantee Insurance

Helps organisations manage financial losses arising from qualifying fraudulent or dishonest acts committed by employees.

12

Travel Insurance

Protection against specified risks that may arise during domestic or international travel, depending on the applicable product.

Specific insurance products, coverage, exclusions, limits and eligibility requirements depend on the underwriting insurance partner and applicable policy.

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

Tell us what you need to protect and we will connect you to the right cover.