NEM Insurance: 5 Basic Things To Know About The Company

In this page, we will be talking about 5 basic things you should know about NEM Insurance.

Insurance is an agreement by which an establishment or the state initiate to supply a guaranteed recompense for specific loss, damage, illness, or death in return for payment of a specific purpose.

It generally assist during sudden eventuality.

NEM Insurance

NEM Insurance (Nigeria) Plc commenced insurance considerations in the country within the year 1948 via the agency of Edward Turner & Co. It became a Nigerian branch of NEM General Insurance Association restricted to London in 1965.

Incorporated in 1970 as a Nigerian company in abidance with the businesses Act of 1968, the corporal body became quoted on the Nigerian stock market in 1989 shadowing the privatization by the Nigerian government.


The corporate which has imparted vastly towards the enlargement of Insurance trade in the country was into Life and Non- Life businesses.

Following the recapitalization exercise in 2007, the corporate unified with open-eyed non depository financial institution to interact all categories of General Insurance.

NEM Insurance Company Plc renders all societal class of life and non-life protective cover policy products to individualized and corporal facets in Nigeria.

Personal insurance products include traveling, motoring, and professional insurance, goods in transit and fire and special perils. Products for small-to-medium enterprises include security for burglary, product liability, fidelity guarantee, personal/group personal accident, travel, money and motor insurance.

Corporate products include protection for general business, marine, aviation, oil and gas, engineering, bonds and motor insurance policies.


NEM Insurance Owner

The NEM Insurance Company is headed and governed by Mr. Tope Smart who is the Chief Executive Officer (CEO) of the organization. Nevertheless, the company has seasoned board of directors that work efficiently to ensure smooth and efficient transaction within the company.

NEM Insurance Products

The company’s products have been categorized into three (3) major segments and those segments have various plans relative to the segment based on the terms and policies associated with them. These categories are;

  • Personal Products
  • Corporate products
  • SME Products

The products associated with each major segments are listed appropriate as follows;

  1. Personal Products: These products are especially for individuals and are;
  • Goods In Transit
  • Fire And Special Perils Insurance
  • Travel Insurance
  • Motor Insurance
  • Home Protection
  • Professional Indemnity
  • Enhanced Motor Third Party
  1. Corporate Products: These insurance product by NEM was fashioned for Groups, Business enterprises and corporate affairs and are listed below;
  • Motor Insurance
  • Marine Insurance
  • Aviation Insurance
  • Oil And Gas
  • Engineering Insurance
  • Computer And Electronics Policy
  • Fidelity Guarantee
  • Group Personal Accident
  1. SME Products: The products in this category was tailored for the security of Small and Medium scaled Businesses. Products are listed below;
  • Burglary Insurance
  • Product Liability
  • Fidelity Guarantee
  • Motor Insurance
  • Cash In Transit
  • Group Personal Accident
  • Agricultural Insurance

NEM Insurance Salary

NEM has a cool salary structure compared to other insurance companies in the country. Their salary structure is quite notable.

  • NYSC Youth Corpers receive a monthly salary of N43,000 – N47,000
  • Legal Intern receives a monthly salary of N29,000 – N31,000
  • Graduates Receive a monthly salary of N78,000 – N81,000
  • Executive monthly salary is not disclosed.

How To Check NEM Insurance Balance

To check and confirm your NEM Insurance balance, all you need to do is to Login to your NEM dashboard as an existing customer and your balance will be displaced there.


To login, click here

NEM Insurance Customer care Contact

The institution customer service is available every of the week and can be contacted for any assistance via these numbers; +234-1-4489560 or +234-1-4489570


The Company’s philosophical system is focused on its Investors visual sense of making it a exemplary of dependable Insurance Pattern. To achieve this impressive visual modality, trading operations of the company has been innovated properly through various means including buying of shares.

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