Mutual Benefits Assurance PLC (MBENEFI)

Mutual Benefits Assurance Plc, together with its subsidiaries, primarily underwrites general and life insurance products in Nigeria and Liberia. It operates through three segments: Assurance Business, Real Estate, and Microfinance Banking. The company’s general insurance products include fire and special perils, burglary/housebreaking, householder, comprehensive, house-owner, marine cargo, marine hull, motor, goods-in-transit, all risk insurance, contractors all risks, erection all risks, plant all risks, machinery breakdown, money, professional indemnity, fidelity guarantee, public liability, personal accident, bond, aviation, and oil and gas insurance products. It also offers life insurance products comprising term assurance, keyman assurance, credit life assurance, mortgage protection, anticipated endowment assurance, whole life assurance, and mutual education guarantee assurance policies; mutual education endowment, individual savings and protection, personal pension and investment, micro personal pension and investment, and mutual dignity plans; mutual school fee guarantee scheme, mutual multilife shield, and group life assurance products. In addition, the company protects customers assets and indemnification of other parties; and provides real estate development and risk management services, as well as retail and microfinance banking services. It serves individual and corporate customers through a network of brokers, agencies, and direct marketing channels. The company was incorporated in 1995 and is headquartered in Lagos, Nigeria.