Product Definition

This cover is designed for provision of funds to mitigate impacts of accidents for family members in vehicles operated with 3rd party insurances.

Key Features

  • Policy duration 1 year subject to renewal after expiration
  • Minimum Premium of N1,000
  • Sum Insured Minimum of N100,000
  • Payment Frequency Single premium
  • The premium paid on personal accident cover is non-refundable.
  • Credit card sized prepaid voucher
  • Instant activation and coverage confirmation via SMS
The cover is for death/permanent disability and it’s in four categories:
N1,000,000 N500,000 N250,000 N100,000

Hospital bill due to accident is N500,000

Target Market

  • Everybody driving or riding in a 3rd party vehicle
  • Adults above 18 years
  • Non-Governmental Organizations
  • Co-Operative Societies
  • Clubs, Associations
  • Members of staff of Corporate Organizations, SME

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About Us

Anchor Insurance Company Limited was registered and licensed by the National Insurance Commission (NAICOM) in October 1989 as a general business (non-life) insurance outfit and started business in November of the same year.


To be the most innovative and preferred provider of General Business Insurance Services in Nigeria.