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At A Glance

NEM Insurance Plc, one of Nigeria's largest non-life insurers, offers comprehensive motor cover and a tiered range of third-party and enhanced third-party plans for private, business, and goods vehicles. NEM is the market leader in motor premium income and is regulated by NAICOM, with motor products built around strong third-party limits and clearly defined enhanced options.

Compare Plan Benefits

Claims & Support

Report any incident to NEM promptly and provide the documents requested. The comprehensive plan covers loss or damage from fire, theft, vandalism, accident, and collision, plus third-party legal liability. The enhanced third-party plans, Types A, B, and C, add own-damage, medical, legal, towing, and fire cover scaled to vehicle use. Confirm your plan type before claiming.

How to Make a Claim

Notify NEM promptly after an accident, theft, or fire incident
Complete a claim form and submit your policy details with photographs of the damage
For third-party claims, provide the third party's details and a police report where applicable
For theft or fire, submit a police report and proof of ownership
Confirm your enhanced third-party plan type and its own-damage limit before authorising repairs
Contact NEM customer support for repair authorisation and claim queries

NEM Plans

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1.

Private Comprehensive Cover (5% of car value per year): Covers loss or damage to the insured vehicle from fire, theft, vandalism, accidental damage, or collision. Coverage includes legal liability for death, bodily injury, or damage to third-party property arising from use of the vehicle. Additional benefits include loss of use following an accident, installation of an auto tracking device, and legal liability arising from accidents, vandalism, malicious damage, riot, and civil commotion.
2.

Third Party (₦15,000 per year) : Statutory cover. Covers damage to the other person's vehicle or property up to ₦3 million, death or bodily injury to the third party, and the third party's medical expenses where bodily injury is sustained.
3.

NEM Enhanced Third Party Type A (₦30,000 per year): For vehicles used exclusively for private purposes. Third-party property damage ₦3 million, unlimited third-party bodily injury and death, accidental own damage involving a third party up to ₦1,000,000, medical expenses up to ₦50,000, legal fees up to ₦50,000, towing up to ₦15,000, fire peril excluding self-ignition up to ₦500,000, windscreen damage up to ₦50,000, and fire peril up to ₦100,000.
4.

NEM Enhanced Third Party Type B (₦35,000 per year): For privately used buses and pick-ups carrying staff or students up to 18 passengers, not for hire. Third-party property damage ₦1 million, unlimited third-party bodily injury and death, accidental own damage up to ₦1,000,000, medical expenses up to ₦50,000, legal fees up to ₦50,000, and towing up to ₦10,000. (Note: this plan is labelled "Type C (ETP-Type B)" in the source catalogue; confirm the correct plan name with NEM before publishing.)
5.

NEM Enhanced Third Party Type C (₦40,000 per year) : For privately owned goods-carrying vehicles used for the insured's business, not commercial hire and excluding heavy trucks. Third-party property damage ₦1 million, unlimited third-party bodily injury and death, accidental own damage up to ₦1,000,000, medical expenses up to ₦50,000, legal fees up to ₦50,000, and towing up to ₦10,000.

Who Should Consider This

1.

Private drivers who want enhanced third-party cover: Type A adds ₦1 million own-damage cover, fire, medical, and windscreen benefits to standard third-party protection for private vehicles.
2.

Owners of staff buses and pick-ups: Type B is purpose-built for privately used buses and pick-ups carrying staff or students.
3.

Goods-vehicle owners: Type C covers privately owned goods vehicles used for the insured's own business.
4.

Owners of higher-value private cars: The Private Comprehensive plan offers full cover with a free auto tracking device and loss-of-use benefit.

nairaCompare Insight

NEM's enhanced third-party range is its most useful motor feature because each type is matched to a specific vehicle use. Type A for private cars, Type B for staff buses and pick-ups, and Type C for own-business goods vehicles all add ₦1 million of own-damage cover plus fire, medical, and legal benefits to the basic third-party package. For owners of working vehicles, this targeted approach is more practical than a one-size-fits-all third-party plan.

As Nigeria's motor premium leader, NEM combines this range with a comprehensive plan that includes a free tracker and loss-of-use cover. Compare NEM's enhanced third-party types against AIICO's Silver, Gold, and Diamond tiers and NSIA's Advanced Third Party range on nairaCompare to find the best fit for your vehicle's use and value.

About NEM Insurance Plc

NEM Insurance Plc is one of Nigeria's largest and oldest non-life insurers, tracing its roots to 1948 through the agency of Edward Turner & Co. It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965, was incorporated locally in 1970, and listed on the Nigerian Exchange in 1989. Following the 2007 recapitalisation it merged with Vigilant Insurance to transact all classes of general insurance, including motor. NEM is regulated by NAICOM.

CONTACT ADDRESS 199 Ikorodu Road, Obanikoro, Lagos

WEBSITE www.nem-insurance.com

PHONE NUMBER +234 201 448 9560

EMAIL ADDRESS nem@nem-insurance.com

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