P.O. Box 10-1526-1000 Monrovia, Liberia 1000
CALL US: +231 777 964 265
+231 777 964 265
NICOL Insurance Services > Life & Health Insurance

Life & Health Insurance

Life is extremely unpredictable, and one can never know what the future has in store. But, what if I told you even if your health takes a drastic turn, you and your family will have nothing to worry about? A dream come true indeed!

After all, who doesn’t want to have strong financial support in the direst time of their need? It is where our life & health insurance companies come to the rescue. From covering a huge portion of your medical expenditures to doctor visitation and premature death –our accidental life insurance covers it all. And what’s the best part is any age of people can have national health insurance of their own.

Now is the right time for you to visit us and secure your future.

Life & Health Insurance

we always strive to provide you with a high quality service


1. Group Term Life, Accidental Death, Partial / Permanent Disability & Medical Scheme, Pension

This scheme provides financial protection for an employee’s health, accident, disability and benefit for beneficiaries in case of death, while employed for the employer

2. Student Welfare Assurance Protection Plan (SWAPP)

This special policy is designed to provide certain benefits for student while on campus, to and from school and including school related activities.


3. Special Anticipated Endowment

The sum assured is payable in three installments. The policy holder receives 25% of the sum assure twice within specify period before maturity. The remaining 50% become payable at the maturity date of the policy.

In case of early death of the life assure, the full sum assured will be payable to the beneficiaries irrespective of any installments the policy holder has already received.

Advantages of this Plan

The policyholder receives part of the benefits out of his assurance policy during the premium payment period and further retains his life assurance protection for the amount until maturity date. This policy can be taken for 9, 15 and 25 years respectively. It can also serve as collateral or security for loan.

4. Term Life Assurance

This policy provides coverage at a fixed rate of payments for a limited period of time, the relevant term. If the life insured dies during the term, the death benefit will be paid to the beneficiary.

5. Personal Accident Insurance (Group)

This is a unique from a Life Assurance, which provides cover on a 24-hours basis for compensation to the insured person(s) following an accident. It is a benefit policy, which can be arranged as personal or group policy by which organizations to the insured their employees.

Group Personal Accident, as it is generally called, payments for certain specified sum in the event of accidental death, permanent or temporary disablement as well as the medical expenses necessarily incurred following an accident.

Why Choose US

Who doesn’t want to get the best of the treatment and ensure their families’ security all at the same time? It’s something we all want. We know the struggle and care for every life. That’s why, to help around, we have come up with the most reliable life & health insurance policies altogether.

So, you can lead a stress-free life, no matter how life takes an unexpected turn. If you believe in planning for the future, getting our life and health insurance plans should be your next step. Keeps you prepared beforehand!

life and health insurance

Frequently Asked Questions

Have a look at the below most asked queries regarding the life and health insurance policies:

1. Does a life insurance policy pay out all at once?

When you pass away, your life insurance policy’s beneficiaries will get benefits. However, the money does not have to be given to your loved ones all at once.

Instead, they have the option to decide whether to receive the money in a series of installments or to place it in an interest-bearing account.

2. If I die in an accident or from a sudden illness, will my policy pay out in full?

Whether you pass away through a disease, an accident, or for any other cause, your policies will pay out. The only exception to this ruling is a suicide, which is typically not covered for the first two years a policy is owned (the coverage year may vary from policy to policy).

3. How do I choose the right life and health insurance for me?

Some tips to follow for choosing the right life and health insurance for me includes: finding the appropriate coverage, affordable, picking the family health policies over individual ones, selecting a plan that comes with a lifetime renewal option, hospital network coverage, etc.

4. What is the difference between life insurance and health insurance?

Health insurance is intended to cover the cost of medical care, prescription medications, and annual checkups for you and any other people covered by your plan.

However, if you pass away while the policy is still in effect, your loved ones will still get a lump amount from your life insurance.

5. Is health insurance and life insurance necessary?

Of course, they are necessary. After all, they guarantee that your loved ones will receive some financial help after your passage.

Such as to pay for the needs of your children, including their education, or to have a future savings strategy so you can have a steady income stream after retirement.