Leadway Assurance – A Brief Background of Lead Insurance Company

Leadway Assurance is one of the most reliable insurance providers in the midst of the 57 insurance companies registered in Nigeria.

Leadway Assurance

Leadway Assurance (Lead Insurance Company)

The company provides a very transparent and stress-free way for you to make a claim, a very short acknowledgment, and payment time. This article will give you all the information you need to know about this company, so keep reading till the very end.

A Brief Background of Lead Insurance Company

This company (Lead Insurance Company) was established in 1970. Lead way has years of successful operation in managing insurance for so many individuals and it still remains at the forefront as an insurer of repute today.

The platform has a very good record in claim settlement and has a good financial reputation that everyone can trust. One very good example of this is how just anyone can download their annual report from their official website.

What are the Services or Leadway Assurance?

Lead way Assurance offers a whole range of services on insurance. In general, all the services they offer can be classified into three different categories:

  • Personal insurance.
  • Business insurance
  • Auto insurance.

These three are also subdivided into others that will be discussed in this article.

How Easy is the Claim Process at Leadway Assurance?

Leadway Assurance is committed to ensuring a stress-free and easy insurance claim process for its customers. To make a claim at Leadway Assurance, visit their official website,

The information you have to provide is your policy number, email address, supporting documents, and any other comment you want to upload alongside.

The company also prides itself on acknowledging and completing payment in a very short time. As it was earlier said, some of these processes run to completion within the period of 24 hours.

Leadway Assurance Packages

These are the various packages of Leadway Assurance.

Personal insurance

This package is designed for you and by extension, caters to everyone you value. It consists of the following subcategories

  • General insurance. This covers everything about your home.
  • Life and health insurance. this package provides financial support in case of health mishaps and loss of life. The available plans here include; team assurance, education protection plan, mortgage protection, family benefit, and lifestyle protection plan.
  • Savings and investments insurance. with the Leadway assurance savings and investment, you can open a Leadway savings plan, personal savings plan, smart cash plan, education target plan, deferred annuity plan, and target plan.
  • Annuities and pensions. After retiring, everyone wants to live on salary for the rest of his or her life. This package offers you the opportunity, and the sweet thing about it is that it does not require any taxes. This package can be bought with an external source of income, or more conveniently, proceeds from your retirement savings account. You can either buy Leadway’s personal annuity plan or deferred annuity plan.

Business Insurance

This insurance was designed for businesses and their associates. It includes staff and other proprietors and protects all the members of your company from losses that may occur during day-to-day business schedules. The Services offered in business insurance package are:

  • Motor insurance.
  • Property insurance.
  • Marine insurance.
  • Accident policies.
  • SME insurance.

Although these plans are further categorized into various subsections, the name of each plan is self-explanatory.

Lead Auto insurance

This insurance covers all damages that may occur to automobiles, including third-party claims and repair or damages to own vehicles. The packages contained in the auto insurance plan are;

  • Comprehensive
  • Third-party claims.

Leadway Assurance Cost and How to Purchase

The price of the packages depends on the precise package that you go for. The plans and claim coverage differ for each plan, also in price.

Can I extend Leadway insurance beyond the original duration?

Leadway has fixed plans with durations and time for other conditions that are surrounding it. For this reason, you cannot extend a policy beyond the original duration, instead, start a new one.

Conclusively, Buying insurance from Leadway is risk-free, and also comes with adequate customer support and transparency.

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