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LASACO Assurance, Plc. in Lagos | Online-store LASACO Assurance, Plc. Lagos (Nigeria)

LASACO Assurance, Plc.

+234 (1) 463-83-91
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Address

Nigeria,  Lagos ,  Lagos,  Plot 16 Acme Road, Ogba

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LASACO Assurance, Plc.

LASACO Assurance Plc (LASACO) was incorporated on 20th December 1979 under the Companies Decree of 1968 and was granted License to carry out the business of insurance and other related business on 7th July 1980. The company commenced operations on 1st August 1980 with an authorized and fully paid-up share capital of N500, 000.00 The Company effected a change of name to LASACO Assurance Plc in July 1988 following the promulgation of, and its compliance with, the provisions of the Privatization and Commercialization Decree No. 25 of 1988. In accordance with the Decree, LASACO’s shares were offered to the public and were admitted to the Nigerian Stock Exchange (NSE) by way of introduction, thus becoming the first company to be listed on NSE by introduction. Consequent upon this, LASACO became a Public Limited Liability Company (Plc) in 1991. Today, LASACO’s authorized share capital stands at N7 billion. Our current paid-up capital is well over the minimum combined capital base requirement of N5 Billion stipulated by the National Insurance Commission (NAICOM) in 2007 for companies underwriting both Life and General Insurance Businesses. The company is currently headquartered within the central business district of Ikeja, capital of Lagos State and operates branches and underwriting offices in 13 locations, most of which are in State Capitals in the North (Kano, Abuja and Kaduna), South-West (Abeokuta, Ibadan and Akure), South-South (Port-Harcourt and Calabar) and South-East (Benin and Owerri). There are plans to expand the company’s branch-and-operating-bases-network to include locations, which are strategic to our business growth and prospects, particularly, in oil and gas insurance business (Warri, Eket and Bonny axis), solid minerals (Jos), Power and Energy, improved sub-regional integration and the accompanying free trade zone trade policies (i.e. cross-border expansion into selected ECOWAS countries).
Products and services
Burglary House Break Insurance
 
Private Dwelling Commercial/Industrial Premises
Group: Insurance upon breakings and thefts
Equipment Insurance
 
The following reflect areas that we are currently covering or that we have the Capacity and experience to cover under the policy: Oil-rigs and Platforms Pipelines Flow Stations Gas Terminals Cost of re-drilling Cryogenic vessels (hull) Oil seepage and Pollution Employer's Liabilities...
Group: Insurance of industrial machines, mechanisms and the equipment
Engineering Insurance
 
Contractors All Risks/Construction All Risks Erection All Risks Plant All Risks Machinery Breakdown Computer/Electronic All Risks Boiler Insurance
Group: Overall insurance services
Fire Insurance
 
Material Damage Business Interruption Industrial All Risks Householder Comprehensive Office Comprehensive House-owners Comprehensive
Group: Insurance of real estate
Money Insurance
 
Money-in-Transit Money-in-Safe Money-in-Personal Custody Money-in-Premises Damage to Safe
Group: Insurance of cash and values taking place in transportation
Life Assurance
 
Whole Life Endowment Educational Endowment Mortgage Protection Anticipated Endowment Key Man Assurance Group Life Group Endowment Assurance Pure Endowment Assurance Deposit Administration Pure Pension and Annuity Gratuity Schemes LASACO Investment Linked Policy Medical...
Group: Life insurance
Marine Insurance
 
Marine Cargo Marine Hull
Group: Insurance of marytime transport
Motor Insurance
 
Comprehensive Motor Policy Third Party, Fire & Theft Third Party Only ECOWAS Brown Card
Group: Autoinsurance
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