Lasaco Assurance Plc has unveiled six newly approved insurance products, reinforcing its push to expand coverage and provide stronger protection for Nigerians.
The new offerings—approved by the National Insurance Commission—were introduced to insurance brokers at a launch event attended by members of the Nigerian Council of Registered Insurance Brokers and its Lagos Area Committee leadership.
According to Managing Director Ademoye Shobo, the new products are part of the company’s strategy to drive deeper insurance penetration while meeting the changing needs of individuals and businesses.
Six New Protection Plans
The newly approved products include:
- The Estate Plan
- The Future Secure Plan
- Comprehensive Plus Personal Belongings
- Lasaco Safe Assets
- Lasaco Flame Shield
- Lasaco Drive Safe
Lasaco said the solutions are designed to offer wider coverage, ranging from asset and property protection to fire risks, personal belongings, motor safety, and long-term financial security.
Shobo emphasized that the company’s team of professionals is focused on expanding insurance access across Nigeria.
“What we want to do is contribute our own quota to deepening insurance penetration in the market,” he said.
Brokers Back the Initiative
Industry brokers welcomed the move and pledged support for the new offerings.
Chairman of the NCRIB Lagos Area Committee, Olufemi Oduwole, praised the launch and reaffirmed the council’s commitment to helping drive adoption.
Meanwhile, former NCRIB President Babatunde Oguntade noted that around 70% of Nigeria’s insurance brokers operate in Lagos, making the city a crucial hub for market expansion.
“The products appear to address everyday demands of the economy, and we will support you,” Oguntade said.
Focus on Innovation and Claims
Deputy Managing Director for Corporate Services, Rilwan Oshinusi, reiterated the company’s commitment to innovative insurance solutions and prompt claims settlement to meet the needs of customers.
With the new lineup, Lasaco Assurance Plc aims to strengthen customer protection while accelerating insurance adoption across Nigeria’s growing market.
