I don’t know why you only get to have details of varying insurance plans in the media rather than on the website of the Insurance Companies themselves. I guess they probably think no one is interested. For example, Aiico has a Mortgage Insurance Plan which protects a borrower from loosing his house in the event of death. That way his loved ones will still have a home after he is long gone. Details of this was hard to find on their website so, I sent in an inquiry which I hope to get soon.
Thankfully, Aiico publicized an Insurance Plan for Motor Vehicle Insurance which I thought was a good bargain. See below;
Aiico auto regular pays compensation for damage to or loss of the vehicle arising from accident (lone or multiple) as well as theft and fire. Should the insured vehicle be involved in an accident resulting in bodily injury, Aiico Insurance would pay the medical expenses as well as the cost of towing the vehicles from the accident point where necessary, he explained. Where death or bodily injuries involving third parties occurs following an accident the company would pay up to N1 million to cover the third party liabilities.
If the insured vehicle should be involved in an accident resulting in litigation, Aiico will also defray the legal cost and other expenses that may arise from there. To enjoy additional benefits, at extra cost to the customer, he can extend the insurance policy to cover riot, strike and civil commotion or increase the third party property damage limit.
Aiico Auto Classic
Aiico auto classic covers vehicles valued at N3 million or more for damage to or loss of the vehicle arising from accident, theft or fire. The policy takes care of the medical expenses for the occupants of the vehicle, towing cost where necessary and takes care of property and third party liabilities to the tune of N1.5 million. In addition, the policy takes care of liabilities for third party death or bodily injury as well as personal effects loss to theft, fire or accident to the insured vehicle even as the policy is extended to cover riot, strike, civil commotion extension and tracking services at no extra cost.
Aiico auto Royale Deluxe Package
Aiico auto royale deluxe package applies to vehicles valued at N5 million or more and in addition to the benefits under Aiico auto classic, provides free replacement car and chauffer for 10 days in case of accident or theft.