Lasaco Assurance Plc is raising the bar in Nigeria’s insurance sector with the launch of six new insurance products, designed to provide enhanced protection, flexibility, and value for individuals and businesses across the country.
The newly approved offerings mark the first phase of a strategic product expansion, aimed at bridging coverage gaps and responding to the evolving needs of Nigerian customers.
The New Products at a Glance
The six innovative products include:
- Estate Plan – safeguarding property and assets for peace of mind
- Future Secure – a forward-looking plan for financial protection
- Comprehensive Plus Personal Belongings – extended coverage for personal items
- Lasaco Flame Shield – Third Party Plus Fire
- Lasaco Safe Asset – Third Party Plus Theft
- Lasaco Drive Safe – Third Party Plus Own Damage
These offerings reflect Lasaco’s commitment to affordable, flexible, and meaningful insurance solutions.
Leadership Speaks: Innovation Meets Trust
Acting Managing Director, Mr. Ademoye Shobo, emphasized the company’s focus on trust and innovation:
“Our legacy of reliable claims payment and customer-centric service has positioned us as a trusted leader in the insurance industry. These new products are not just an expansion; they provide practical protection that supports financial stability and peace of mind for our customers.”
From a strategic perspective, Mr. Adedayo Adetokun, Head of Strategy, Research, and Communications, highlighted that these products are designed to close protection gaps, attract new customer segments, and drive market growth.
“Each product is structured to be affordable, scalable, and responsive to today’s risk landscape, ensuring we meet the evolving needs of our customers.”
Accessibility and Digital Reach
The new products will be available at Lasaco Assurance’s head office and branches nationwide. The company also plans to leverage digital platforms, making it easier for customers to access coverage and engage seamlessly with its services.
Why This Matters
Lasaco Assurance’s latest product approvals reflect Nigeria’s growing focus on innovation, digital transformation, and consumer education in the insurance sector. By expanding its portfolio, the company reinforces its position as a forward-thinking industry leader, dedicated to financial inclusion, sustainable growth, and customer value.