Anyone preparing a visa application soon finds that travel insurance is a requirement, and searching for the AIICO travel insurance price list is a natural first step. The right figure depends on where you are going, how long you stay and your age, and insurers do not always present it the way travellers expect.
This guide explains what is and is not published, what the AIICO travel plan covers, what travellers can expect to pay for different trips, how to get a quote and how AIICO compares with the other insurers Nigerians use for visa applications. Treat every price as a guide until the insurer confirms it in writing.
The AIICO Travel Insurance Price List: What Is Published
There is no official AIICO travel insurance price list, and every price in this guide is an indicative estimate until the insurer confirms it in writing. AIICO’s travel plan page lists the benefits, the countries covered, the ways to buy and how to claim. It does not state premiums, sums insured, policy durations, age limits or exclusions. That gap is why any table that claims to be the AIICO travel insurance price list should be read as an estimate, and why a quote from the insurer is the only number you can rely on. Searches for the aiico travel insurance price list nigeria mostly return third-party tables, so check which numbers are labelled as AIICO’s own and which are a guide’s estimate.
The plan is called the AIICO International Travel Plan, and it is offered with Cover Edge, a partner of AXA Assistance. It is open to individuals and to companies. The page states that travel insurance is a requirement at Schengen embassies and says the plan is also accepted at embassies outside the Schengen area.
What AIICO Is All About
Readers who ask what is aiico insurance all about are usually checking that the company is real before they pay. AIICO began in 1963 as the Nigerian agency of an American life insurer, became a registered Nigerian subsidiary in 1970 and was renamed American International Insurance Company after the Nigerian government took a 60 percent stake. It is based in Lagos, has been listed on the stock exchange since 1990 and holds a composite licence, so it can write both life and general insurance. Its head office is on Churchgate Street, Victoria Island.
Who Owns AIICO
People also ask who is the owner of aiico insurance. As a listed company, AIICO has no single owner. Its shares are traded on the exchange, and the annual report names the larger shareholders. If you need the current list, ask for the annual report and not for a name from a website.
What the AIICO Travel Plan Covers
The page lists seven benefits:
- Emergency medical expenses
- Medical repatriation
- Evacuation
- Repatriation of mortal remains
- Loss of baggage
- Loss of money
- Missed or cancelled flights
The page lists 27 countries as covered, including France, Germany, Italy, Spain, the Netherlands, Austria and Switzerland. Anyone searching for aiico travel insurance nigeria for a visa application should note the gap in the page: it does not say how much medical cover each plan carries. The Schengen rule is a minimum of €30,000 in medical cover, which is about ₦44.7 million at ₦1,490 to the euro, with repatriation included and cover valid across all Schengen states for the whole stay. Ask AIICO to confirm in writing that your policy meets that figure, and check the destination embassy’s list of requirements before you apply. Our guide to Schengen visa requirements for Nigerians sets out the rest of the file, and the France visa requirements for Nigerians page covers the country most applicants choose.
What You Should Expect to Pay
Readers often ask what should i expect to pay for travel insurance, and the honest answer depends on the destination, the length of the trip and the traveller’s age. The figures below are indicative estimates from comparison guides, not AIICO’s own prices.
| Trip | Basic | Standard | Premium |
|---|---|---|---|
| Schengen, 1 to 2 weeks | ₦15,000 to ₦25,000 | ₦25,000 to ₦45,000 | ₦40,000 to ₦70,000 |
| Schengen, 3 to 4 weeks | n/a | ₦40,000 to ₦75,000 | n/a |
| United Kingdom | n/a | ₦30,000 to ₦55,000 | n/a |
| USA or Canada | n/a | ₦45,000 to ₦80,000 | ₦70,000 to ₦120,000 |
| Dubai or the Middle East | n/a | ₦20,000 to ₦40,000 | n/a |
For AIICO itself, the indicative range for a European trip is about ₦18,000 to ₦40,000. A policy that covers many trips in a year costs more: about ₦90,000 to ₦160,000 for Europe, and ₦120,000 to ₦300,000 for worldwide cover depending on whether the USA and Canada are included.
A Worked Example
Take a couple flying to Paris for two weeks. At the indicative AIICO range of ₦18,000 to ₦40,000 each, they would pay about ₦36,000 to ₦80,000 together. A family of four priced person by person would pay about ₦72,000 to ₦160,000, though a family or group plan can lower the total, so ask for one quote covering everyone. Whatever the AIICO travel insurance price list turns out to be for your trip, the premium is usually a small part of the budget beside the flight and the visa fee, and it is not where to cut corners.
What Moves the Premium
Four things change the price more than any others:
- Age. Travellers over 65 can pay 50 to 100 percent more than younger adults.
- Tier. Moving from Basic to Standard adds roughly 30 to 50 percent, and Standard to Premium roughly 40 to 60 percent.
- Destination. The United States and Canada cost the most because medical bills are highest there.
- Add-ons. Adventure sports, a waiver for existing conditions and gadget cover each add a few thousand naira.
Reading a Quote
A quote is worth little unless it states five things: the sum insured for medical costs, the policy start and end dates, the excess you pay before a claim, the exclusions and whether existing conditions are covered. The dates must cover the whole stay shown on your visa application, and the name on the certificate must match your passport exactly. Until you have these in writing, the AIICO travel insurance price list in your head is only a guess, and a cheap premium that excludes the risks you worry about is poor value.
How to Get a Quote and Buy
AIICO gives three ways to buy: the online registration form on its e-business portal, a conversation with an AIICO staff member or agent, or an email to aiicontact@aiicoplc.com. The online route is the usual place to start, and the aiico travel insurance form on the portal asks for your passport details, your destination and your travel dates.
- Gather your passport, your visa appointment or ticket details and your travel dates.
- Complete the registration form online, or email the same details to the contact address.
- Ask for the quote in writing, with the sum insured, the policy period and the list of exclusions.
- Pay only through AIICO’s own channels and keep the receipt.
- Save the certificate as a PDF and a printout for the visa appointment.
Claims
AIICO lists a claims centre on its website. Before you travel, save the claims details with your policy. If something goes wrong abroad, keep every receipt, medical report and police report for stolen items, and report the claim as soon as you can.
Which Insurer Is Best for Travel
Travellers often ask which insurance company is best for travel insurance, and no insurer wins on every count. The published features differ.
| Insurer | What its own page highlights |
|---|---|
| AIICO | Loss of money and missed flights cover; individuals and companies |
| AXA Mansard | Published plan tiers, with medical cover up to USD 150,000 on the top worldwide plan |
| SanlamAllianz | Cover for travellers up to 80 years; children under 18 free with two adults |
Pick the insurer that matches your destination, your age and your embassy’s rules, and compare quotes from at least two. Our overview of travel insurance in Nigeria compares the main options.
Frequently Asked Questions About AIICO Travel Insurance
Is there an official AIICO travel insurance price list?
No. The plan page lists benefits but no premiums, so you need a quote.
What does AIICO travel insurance cover?
Emergency medical expenses, repatriation, evacuation, baggage loss, loss of money and missed or cancelled flights.
Is AIICO accepted for a Schengen visa?
The plan page says it is accepted at Schengen embassies. Confirm that the sum insured meets the €30,000 minimum.
How much is AIICO travel insurance?
Indicative estimates for a European trip run from about ₦18,000 to ₦40,000. Get a written quote.
Before You Buy
Ask AIICO for the sum insured, the policy period and the exclusions in writing, and compare the quote with the ranges above. A premium of ₦20,000 to ₦30,000 for a two-week European trip is a reasonable result on the AIICO travel insurance price list, and a quote far above ₦45,000 deserves a second opinion. Compare the AIICO quote with one other insurer’s quote for the same dates, and choose on the cover and not on the price alone, since the cheapest policy is not the best one if it leaves out the risks that matter to you. Buy the policy only after your visa appointment is fixed, check that the dates match your trip and keep the certificate with your passport. Email aiicontact@aiicoplc.com if you need the details confirmed.
Leave a Reply