Since 1991, Cornerstone Insurance Plc has been one of the best insurance companies in Nigeria. The company sells various insurance products, such as auto insurance, travel insurance, fire insurance, and life insurance, to name a few. In this article, we will review Cornerstone Insurance Plc, its history, products, and services, its reputation, and customer reviews.
History and Overview:
Cornerstone Insurance Plc started as a private limited liability company in 1991. In 2007, it changed to a public limited liability company. The company’s main office is in Lagos, Nigeria, and it does business nationwide through a network of branches and agents.
The company aims to be Nigeria’s most popular insurance provider by giving its clients the best possible value through cutting-edge insurance products and services. Cornerstone Insurance Plc has significantly invested in technology, people, and customer service to realize this goal.
What is Cornerstone Insurance plc all about?
Cornerstone Insurance plc’s mission is to provide quality insurance services. Cornerstone Insurance Plc is a leading insurance company in Nigeria that offers a variety of insurance products and services. The company started as a private limited liability company in 1991 and changed to a public limited liability company in 2007. Its main office is in Lagos, Nigeria, and it does business nationwide through a network of branches and agents.
Cornerstone Insurance Plc offers a variety of insurance products to its customers, such as auto insurance, travel insurance, fire insurance, life insurance, and health insurance, among others. The company aims to be Nigeria’s most popular insurance provider by giving its clients the best possible value through cutting-edge insurance products and services. The company has significantly invested in technology, people, and customer service to realize this vision.
Cornerstone Insurance Plc is dedicated to giving its customers good service. It has won several awards for it, including the Nigeria Customer Service Awards’ 2020 Best Insurance Company in Customer Service. The company’s good reputation in the market suggests that it is dedicated to giving its customers good service.
Overall, Cornerstone Insurance Plc is a reputable insurance company in Nigeria that provides its customers with various insurance products and services. Cornerstone Insurance Plc is a good option if you need a car, travel, or life insurance.
What Does Cornerstone Insurance Plc Do?
Cornerstone Insurance Plc is a leading insurance company in Nigeria that provides a wide range of insurance products and services to individuals, businesses, and organizations. The company’s core business is insurance, which involves providing financial protection to customers against various risks or unforeseen events.
Cornerstone Insurance Plc offers various insurance products, including motor insurance, travel insurance, fire insurance, burglary insurance, marine insurance, aviation insurance, oil and gas insurance, engineering insurance, group life insurance, and health insurance.
The company’s insurance services help customers manage risks, protect their assets, and provide financial security to their loved ones in the event of their death or disability. Cornerstone Insurance Plc also provides risk management services to businesses and organizations, helping them identify and mitigate potential risks that could impact their operations or reputation.
In addition to insurance products and services, Cornerstone Insurance Plc offers investment management services, including pension fund and asset management. The company manages pension funds on behalf of employers and employees, helping them to save for retirement and ensuring that they have a stable source of income in their golden years.
Products and Services:
Cornerstone Insurance Plc provides its customers with various insurance products and services. Some of the most popular products made by the company are:
- Motor insurance: This product covers all vehicles, including cars, trucks, and motorcycles. It guards against theft, fire, or accident-related loss or damage to the vehicle.
- Travel insurance: This product covers people traveling within Nigeria or abroad. It protects against unforeseen circumstances like flight cancellations, medical emergencies, and lost luggage.
- Fire insurance: This product protects both commercial and residential properties from fire, lightning, and explosions. It also covers damage caused by natural disasters like floods and earthquakes.
- Life insurance: This product financially protects the policyholder’s family after their death. It also offers ways to save money and make investments.
- Health Insurance: This product covers medical costs for the policyholder and their family. Hospitalization, surgery, and other medical procedures are included.
Reputation and Customer Reviews:
With a strong emphasis on customer satisfaction, Cornerstone Insurance Plc has a good reputation in the Nigerian insurance industry. The company has won several awards for its exceptional service, including the 2020 Nigeria Customer Service Award for Best Insurance Company in Customer Service.
Customers generally have positive things to say about Cornerstone Insurance Plc, including how quickly claims are paid and how well the company treats its clients. However, some complaints about claims settlement delays have made it hard to contact customer service reps.
Cornerstone Insurance Plc Address
The main office of Cornerstone Insurance Plc is at No. 21, Water Corporation Drive, Victoria Island, Lagos, Nigeria. The company also has branches and agents all over the country. Visit www.cornerstone.com.ng to learn more about the company’s locations, products, and services.
FAQ
Here are some of the questions and their answers:
Q: What types of insurance does Cornerstone Insurance Plc provide?
A: Cornerstone Insurance Plc offers a wide range of insurance products, including motor insurance, travel insurance, fire insurance, burglary insurance, marine insurance, aviation insurance, oil and gas insurance, engineering insurance, group life insurance, and health insurance, among others.
Q: How can I purchase an insurance policy from Cornerstone Insurance Plc?
A: You can purchase an insurance policy from Cornerstone Insurance Plc by going to any branch or calling one of its agents. You can also buy insurance products through the company’s website.
Q: Does Cornerstone Insurance Plc offer life insurance?
A: Yes, Cornerstone Insurance Plc offers both group and individual life insurance policies that protect your loved ones financially in the event of your death.
Q: How do I notify Cornerstone Insurance Plc of a claim?
A: You can report a claim to Cornerstone Insurance Plc by calling or emailing its claims department. The company also has a 24-hour claim reporting service that you can use to report a claim at any time, anywhere.
Q: Is there a mobile app for Cornerstone Insurance Plc?
A: Cornerstone Insurance Plc has a mobile app called “Cornerstone Mobile” that lets you buy and manage insurance policies, pay premiums, report claims, and access other insurance-related services on your phone.
Q: What is the customer service number for Cornerstone Insurance Plc?
A: The customer service number for Cornerstone Insurance Plc is +234 (0) 1 280 6500. The company’s customer service department can also be reached by email at info@cornerstone.com.ng.
Q: Is Cornerstone Insurance Plc a reliable insurance provider?
A: Cornerstone Insurance Plc is a reputable insurance company in Nigeria. The company has won several awards for its exceptional service, including the 2020 Nigeria Customer Service Award for Best Insurance Company in Customer Service. Cornerstone Insurance Plc has a good name because it gives its customers good service.
Q: How long has Cornerstone Insurance Plc been in operation?
A: Cornerstone Insurance Plc was established in 1991 as a private limited liability company and changed its name to a public limited liability company in 2007. The company has been in operation for over 30 years and has become one of the best insurance companies in Nigeria.
Q: Does Cornerstone Insurance Plc operate outside of Nigeria?
A: Cornerstone Insurance Plc only operates in Nigeria. The company has branches and agents nationwide but doesn’t do business in other countries.
Q: What is the financial strength rating for Cornerstone Insurance Plc?
A: Cornerstone Insurance Plc has a B+ (Good) rating from A.M. Best, an international credit rating agency that evaluates insurance companies’ creditworthiness. The company has a good chance of being able to pay its bills and is financially stable, according to the B+ rating.
Q: Does Cornerstone Insurance Plc provide insurance for small businesses?
A: Cornerstone Insurance Plc offers a variety of insurance products for small businesses, such as fire insurance, burglary insurance, marine insurance, and engineering insurance.
Q: How do I contact the investor relations department at Cornerstone Insurance Plc?
A: You can email the investor relations department of Cornerstone Insurance Plc at investor.relations@cornerstone.com.ng or fill out the investor relations contact form on the company’s website.
Conclusion:
Cornerstone Insurance Plc is a reputable insurance company that offers its customers a wide range of products and services. The company has significantly invested in technology and people to provide cutting-edge insurance solutions and first-rate customer service. Even though some customers have complained, the company’s good reputation in the industry shows it is committed to providing good service. Cornerstone Insurance Plc is a good option if you need insurance in Nigeria.
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