Despite rising awareness of financial planning in Nigeria, insurance remains widely misunderstood and underutilised. Many people still view it as complex, untrustworthy, or inaccessible. These misconceptions continue to prevent individuals from benefiting from the security that insurance offers.

In this article, Coronation Life Assurance addresses five of the most common myths about insurance in Nigeria—from the belief that it’s too complicated, to the idea that it’s only for the wealthy. We highlight how the industry is evolving, making insurance more accessible, transparent, and tailored to everyday needs.

If you've ever had doubts about insurance or hesitated to explore it, this article will help shift your perspective. Discover how modern insurers are making it easier for you to protect what matters most, starting today.

READ MORE