First Bank Insurance Service, Benefits and Features See Latest Update

Filed in Articles by on July 5, 2022

– First Bank Insurance –

Are you looking for an insurance company to trust your business into? Or an insurance company that has a lot to offer for both you and your business? First Bank Insurance has all the solutions to your problem.

About First Bank of Nigeria Ltd

First Bank of Nigeria Limited (First Bank) is the premier Bank in West Africa with its impact woven into the fabric of society.

The Bank which has been sustaining its development-oriented services for over 126 years as the region’s foremost financial inclusion services provider, offers a comprehensive range of retail and corporate financial services through over 44,000 business outlets to over 17 million customer accounts.

As a national icon and an international player, First Bank is one of the most enduring financial services brands in Africa with international footprints extending through its subsidiaries.

Also, FBN Bank (UK) Limited in London and Paris, FBN Bank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra Leone, and Senegal, as well as a Representative Office in Beijing.

However, First Bank has been nimble at promoting a digital economy in Africa and has issued over 10 million cards, the first bank to achieve such a milestone in Nigeria.

First Bank’s financial inclusion and cashless transaction drive have resulted in over 228 million users on its USSD banking service through the nationally acclaimed *894# banking service and over 3.4 million users on its Firstmobile platform.

First Bank Insurance

FBNInsurance is a life insurance business providing coverage for Individual and Corporate Clients. We are the youngest startup insurer in Nigeria with a presence in strategic geographical locations across the country, capitalizing on our relationship with FBN Holdings Plc.

Our products help our customers enjoy the peace of mind that comes from managing the risks of everyday life. With us, they can save for a comfortable future and protect what matters to them.

However, one of our primary objectives is to help people, businesses and communities get back on their feet when the unexpected happens.

It is, therefore, our responsibility to make sure we are there for our customers both today and in the future. FBN Insurance is a Limited Liability Company licensed to transact Life Insurance businesses in Nigeria.

More Details

The Company is jointly owned by FBN Holdings Plc (65%) and the Sanlam Group, one of the largest financial institutions in South Africa (35%) and it officially begun operations on the 1st of September 2010.

Drawing from the knowledge and experience of our owners, we intend to play a significant role in the development of the insurance industry in Nigeria.

To achieve this, we are anchoring our operations on product innovation, efficient service delivery, and prompt claim settlement.

In 2014, we gained a General insurance business – Oasis Insurance, now known as FBN General Insurance (a subsidiary of FBN Insurance) – and overturned the loss position of the newly gained company within one year.


To be Nigeria’s first choice in wealth creation and financial security.

Mission Statement

Providing the Nigerian Insurance market with best-in-class, innovative, solution-driven products and services, that create value for all stakeholders whilst consistently showing integrity, professionalism, and confidence.

Core Values

Quality Service:

In every aspect of our business, excellence is our benchmark.

Respect for Individual:

We understand that our customers are more than just facts and figures for our business.


We believe that trust is an invaluable asset in our line of work.


We are committed to the continuous offering of modern and relevant products and services which meet the yearnings and expectations of
our customers.


We have a crop of highly qualified and dedicated professionals with enviable antecedents and ample experience in their respective backgrounds.

Benefits and Features

Below are some of the benefits for all esteemed Clients:

  • Trusted Brand
  • Experienced Technical Partners
  • Innovation
  • Prompt Claims Payment
  • Quality Service Delivery
  • Ethical Practices
  • Wide Network

Visit Homepage – For More Information

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CSN Team.

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