AIICO Insurance Plc has launched a powerful new protection product designed specifically for farmers, traders, artisans, and millions of Nigerians living and working in rural and informal sectors.
The new policy—AIICO All-in-One Financial Protection—is a bundled insurance solution aimed at closing long-standing gaps that leave smallholder farmers and low-income families vulnerable to sudden financial shocks.
The unveiling in Lagos followed an extensive engagement tour across Ibadan, Kano, and Calabar, where AIICO met directly with rural communities to understand their toughest risks.
Speaking at the launch, AIICO’s MD/CEO Babatunde Fajemirokun said the product comes at a critical time.
“For decades, millions of hardworking Nigerians—market traders, farmers, artisans, transporters, micro-entrepreneurs—have remained exposed to huge financial shocks,” he said. “A single illness, accident, or emergency can wipe out years of savings and push families deeper into poverty.”
He noted that without structured retirement systems, many in the informal sector also face hardship once they stop working.
AIICO’s All-in-One Financial Protection, he explained, was created as a direct response to these realities. Backed by AIICO’s global partners—LeapFrog Investments (UK) and the European Investment Bank (EIB)—the solution combines three essential covers into one simple, affordable package, making protection more accessible than ever for underserved Nigerians.
