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Best Insurance Companies in Ghana



What are the Best Insurance Companies in Ghana?

Best Insurance Companies in Ghana: Insurance is a way to manage risks as an individual or entity. In-depth, it means you’re being provided a guarantee of compensation for a specified loss, damage, illness, or death in return for payment. Without insurance, if a misfortune befalls you, you will be responsible for all related costs. Getting insured cushions and supports you during these unforeseen occurrences.

However, choosing the best insurance provider can be tasking. That’s why we’ve done the legwork for you. In this article, we’ve narrowed down the top 5 best insurance companies in Ghana that are going above and beyond to meet the needs of Ghanaians. 

Top 5 Best Insurance Companies in Ghana

Enterprise Insurance Company Limited

Enterprise Insurance Company Limited (EIC) is the oldest insurance company in Ghana and has been in operation since 1924. The company is a leading insurer in Fire, Marine, General Accident and Specialized Insurance solutions. Their products are categorized into two (2): Personal Insurance Products and Corporate Insurance Products. This is what satisfied customers had to say:

“Quick service, same day claim. Good to see some institutions working towards perfection”.

“My side mirror was stolen from my car and they deposited a check the same day into my account”.

GLICO Life Insurance

GLICO Life Insurance started as Gemini Life Insurance Company in the year 1987. Over the years, it has evolved and currently offers products tailored to suit the personalized needs of every Ghanaian. Among its flagship products are the Enhanced Education Plan (GEEP), Premium Funeral Plan, Life Savings Plan for individuals; Anidasuo and Edwa Nkosuo for the informal sector and Group Comprehensive Plan for institutions. Satisfied customers had this to say:

“Very legit and great customer service”

“One of the biggest insurance companies in Ghana offering general, life, health and tier 2 & 3 insurance. Their motor policies are the best. They do delivery of policies to any client irrespective of class. To GLICO, every client is very important.”

Vanguard Assurance Company Limited

Vanguard started its operations in October 1974 and has the coveted record of being one of the first private indigenous insurance companies in Ghana. Currently Vanguard is a one-stop composite insurance firm underwriting all the major classes of Life and Non-Life Insurance including Motor, Marine, Aviation, Fire, Bond, Engineering, General Accident, Workmen Compensation and Special Products. Happy customers had this to say:

“Excellent customer service, great ambience and committed to quality service.”

“One of the best insurance companies in Ghana. For all your insurance and other support services for the known and your precious and valuable items”.

vanguard is one of the best insurance companies in Ghana at the moment

 Allianz Insurance Company Ghana Limited

Allianz’s life assurance operations in Ghana began in 2018. They have over 100 million retail and corporate customers in more than 70 countries across the globe. Their offer a wide range of products such as Motor, Home, Travel, Injury, and Disability Insurance, SME insurance, Public Liability Insurance, Asset Construction, Transport & Cyber Crime, Pure Life Insurance, Credit Life, Funeral, and Education, Savings and Investment. This is what satisfied customers had to say: 

“They are friendly and show professionalism in their work”. 

” …financially sound so no worry for claims. Varieties of products; can even tow your car. Well, give them a call, check their website or visit them for more information!”

Starlife Assurance

Next on the list of the best insurance companies in Ghana is Starlife. Starlife Assurance is one of the leading Life Assurance companies in Ghana offering a wide range of need-based life-assurance products for both the formal and informal sectors. They have been in business for 5 years since October 2006. Their products can be grouped in three (3) different categories, namely: Corporate Products, Individual Products, and Special Products. There is also an offer of Diaspora Insurance.

According to satisfied customers, “It is the best place to get a Life Insurance policy”.