The list of health insurance companies in Nigeria is worthwhile, although most Nigerians don’t consider health insurance to be of utmost importance because of the irresponsibility of some health insurance companies and also their ignorance.
In all your plans for a better life never neglect your health or put anything before your health. In the decapitated state of the health system in Nigeria, everyone is expected to have health insurance at all times and levels. Health insurance comes with many benefits that cannot be over-emphasized.
However, the curiosity of some Nigerians to know the list of health insurance companies prompted this write-up. In all things, your health should be taken care of and insured at all costs for emergency cases.
Getting your health and that of your loved ones insured will prepare you for unforeseen circumstances.
Overview of the list of health insurance companies in Nigeria
Health insurance helps individuals and families safeguard health against potential risks that could cost them their lives.
There are the best insurance companies among the list of health insurance companies in Nigeria that help individuals looking to secure their lives from such misfortune.
However, you have to know what you are looking for to pick the right one. In order to do that, there are factors to take into consideration before choosing any health insurance company in Nigeria depending on your plans.
List of health insurance companies in Nigeria
- Avon Healthcare Limited
- Total Health Trust Limited
- Integrated Healthcare Limited
- Prepaid Medical Services Limited
- Mediplan healthcare limited
- Zuma Health Trust
- Hygeia HMO Limited
- Metrohealth HMO Limited
- Axa Mansard Health Insurance
- Clearline International Limited
Avon Healthcare Limited in the list of health insurance companies in Nigeria
Avon is one of the best on the list of health insurance companies in Nigeria. They were duly registered by the regulatory authority (NHIS) to operate as a national HMO in October 2012 but commenced operations in 2013.
This health insurance company is a subsidiary of the Heirs Holdings Group, an investment company committed to the economic transformation of Africa.
Whether you’re an Individual, a Family, an Association, or a Corporate Organisation, their health plans have been created to give you access to quality healthcare services whenever you need them.
They also offer on-site health risk assessment, occupational health management, and employee well-being services, which go a long way in maintaining a healthy and productive workforce.
Total Health Trust Limited
This is also a renowned health insurance company in Nigeria that offers quality medical insurance services to individuals and public and private corporate bodies.
However, their services are relatively more expensive than most Health Management Organizations (HMO) in the country.
Integrated Healthcare Limited
This health insurance company makes our list of health insurance companies in Nigeria. It offers medical insurance cover to individuals, families, and public and private corporations across the country.
They also offer emergency services and counseling to their customers. Integrated Health Care Limited is a limited liability company incorporated to carry out the business of health management services. The company was incorporated in 2000.
They have over 21 years of experience and a skilled workforce has positioned them as HMO of choice as we have consistently delivered quality health care services to our clients all over the Country.
Prepaid Medical Services Limited in the list of health insurance companies in Nigeria
Prepaid Medicare Services Limited is a National HMO duly registered to underwrite health insurance as stipulated in the law establishing the National Health Insurance Scheme in 1999.
over the years it has been one of Nigeria’s most trusted HMOs since 2007
This is an outstanding health insurance company in Nigeria incorporated in May 2000 to carry on the business of providing healthcare services to corporate organizations and members of the public, under a prepaid arrangement, utilizing a network of primary, secondary, and specialist healthcare providers nationwide.
Zuma Health Trust in the list of health insurance companies in Nigeria
Zuma makes our list of health insurance companies in Nigeria and is in no doubt among the best insurance companies in Nigeria. It is an indigenous registered Health Maintenance Organization.
In 2014, they increased and fully paid up their share capital to the tune of four hundred and five million Naira) N405,000,000 and have since been re-accredited as a National HMO by NHIS to provide Health Insurance Services in Nigeria. They are a major player in the social health insurance industry.
Zuma plays a prominent role in servicing Public Sector clients through various NHIS schemes.
Hygeia HMO Limited in the list of health insurance companies in Nigeria
They offer comprehensive health insurance services to individuals and families as well as SMEs and large corporate organizations.
Hygeia makes the list of health insurance companies in Nigeria and therefore, is an outstanding company to work with. They have variable packages that will suit your health needs.
Metrohealth HMO Limited in the list of health insurance companies in Nigeria
MetroHealth HMO is one of the Nigerian leading health management organizations with an aim to render unparalleled technology-based and comprehensive primary, secondary, and tertiary health care services across the country.
It was registered by the regulatory authority, the National Health Insurance Scheme (NHIS) to operate as a national HMO in 2013.
With over 650 partner hospitals, they are committed to rendering world-class preventive and curative health care services to their clients in the easiest and stress-free method.
Axa Mansard Health Insurance
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 166,000 employees serving 107 million clients in 64 countries.
It is rated B+ by A.M. Best (2016) for Financial Strength. The Company is an understanding one therefore, made the list of health insurance companies in Nigeria.
Clearline International Limited in the list of health insurance companies in Nigeria
Clearline International Limited is one of the largest health management and medical insurance organizations in Nigeria.
They have been registered for over 20 years of service with effective service delivery hence, they made our list of health insurance companies in Nigeria.
They offer medical insurance services to individuals, families, groups, and corporate bodies.
Among the list of health insurance companies in Nigeria, all listed companies are well researched and their effectiveness in service through review brought about our list of health insurance companies in Nigeria.
However, there are other accredited health insurance companies in Nigeria, we handpick the best of them. Is essential to note that the list of the health insurance companies in Nigeria is in no order of rating. All listed companies are worthwhile and worth visiting.
You are recommended to make your individual research through the links provided on each of the companies to know more about them with the various insurance plan that suits your health and that of your loved ones.
Types of health insurance
One may wonder what the different types of health insurance are. Below is the list of the different types of health insurance;
- Health maintenance organizations (HMOs)
- Exclusive provider organizations (EPOs)
- Point-of-service (POS) plans
- Preferred provider organizations (PPOs)
Health maintenance organizations (HMOs)
This is the most popular health insurance plan in Nigeria. HMOs, give you a local network of participating doctors, hospitals, and other health care professionals and facilities that you are required to choose from.
These types of health insurance plans also require you to choose a primary care provider (PCP) from the network. Your PCP is your home base for medical care.
Exclusive provider organizations (EPOs)
EPO offers you a network of participating providers to choose from. Most EPO plans do not include coverage for out-of-network care except in the case of an emergency.
Point-of-service (POS) plans
Point of service plans combine features of HMO and PPO plans.
Preferred provider organizations (PPOs)
PPOs typically offer you a large network of participating providers so you have a lot of doctors, hospitals, and other health care professionals and facilities to choose from.
You may also choose to see providers from outside of the plan’s network, but you will pay more out of pocket.
Factors to consider before choosing among the list of health insurance companies in Nigeria
- Financial strength
- Validation and accreditation
- A company’s motive
- Cost of insurance
Choosing among the list of health insurance companies in Nigeria, the financial strength of the health insurance company should be considered first and foremost. This is very essential because no insurance company can stand without a strong financial backup.
Check for the company’s affiliates and organizations in partnership with the health insurance company.
Validation and accreditation
Check also if the health insurance companies have legal standing in Nigeria if not, run from such companies. Make proper research before choosing any health insurance company because many scammers are hiding under the umbrella of an insurance company.
A company’s motive
Different companies with different motives, check why a health insurance company is in existence. Companies do better on their driving force which is their motive of existence.
Also, consider the area an insurance company covers if your health need is inclusive. Such a decision will help you better in choosing from the list of health insurance companies in Nigeria.
Cost of Insurance
Some health insurance companies are unnecessarily expensive. Consider your financial grounds and that of a chosen company before choosing from the list of health insurance companies in Nigeria.
Every health insurance company in Nigeria has a policy guiding them. Check if a health insurance policy is favorable before choosing from the list of health insurance companies in Nigeria.