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Best Top 10 Life Assurance Companies In Ghana.


Life insurance is a necessity for everyone. It gives you peace of mind knowing that your family will be taken care of should anything happen to you. It also helps you know that you will be able to make your mortgage payments or pay your bills if you unexpectedly die.

There are many types of life insurance policies, but they all have the same goal in mind. Even if you can only afford a cheap policy, it is important for you to have life insurance. But how do you get the best policy for the lowest cost? Here are the seven best tips for finding the best life insurance policy for you.

What is life Insurance?

Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.

These Are The Top 10 insurance Company As Follows:

1.Enterprise Life Assurance:

Enterprise Life Assurance photo Source:Google








The Enterprise Life brand is based on the concept of “The Thoroughbred”. The thoroughbred is a horse of outstanding pedigree with an inherent disposition to the best, born of outstanding parentage, excellence was just their nature. This attribute could be associated with Enterprise Life Assurance Company, mainly as a result of our distinctive and purebred and high performing parental lineage.


Enterprise Insurance Company Limited is the oldest insurance company in Ghana having been in operation since 1924. It takes its roots from the Royal Exchange Assurance Corporation of the United Kingdom, which commenced business in the Gold Coast in 1924, then became Guardian Royal Exchange Assurance Ghana Limited, (GREG) and subsequently, Enterprise Insurance Company Limited.

2. SIC life Insurance:

Photo SIC Life Insurance













SIC Life Insurance LTD (SIC Life) originally existed as the Life Division of the reputable multi-line insurer, the SIC Insurance Company Limited. In conformity with the provision of the Insurance Act 2006, Act 724.
The Company is the first Life Insurance Company to be inducted into the CIMG Hall of Fame in the 2017 awards ceremony, having won the CIMG Life Insurance Company for five consecutive times.


SIC Life was established as a fully licensed Life Insurance Company in 2007.

3.StarLife Assurance:

photo starlife-assurance Logo








StarLife Assurance Company Limited is a leading Life Assurance Company offering a wide range of  need -based  life  assurance products designed to meet the financial security needs of the insuring public.

StarLife Assurance has over the years delivered value added services to its valued clients making it one of the preferred Life  Assurance companies in Ghana. It is no doubt that we are part of the top three life assurances companies in Ghana.


Incorporated as a limited liability company in compliance with the new Insurance Law 2006, Act 724 in October 2005, thus making it the first Life Assurance company to be separated as a composite Company.

4.Prudential Life Insurance Ghana


Prudential plc provides life and health insurance and asset management, with a focus on Asia and Africa. They help people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. They also protect people’s wealth, help them grow their assets, and empower them to save for their goals.


The Prudential Mutual Assurance, Investment and Loan Association was founded in London in 1848.In 1854 the company opened its Industrial Branch to sell a new type of insurance, Industrial Insurance, to the working classes for premiums of a penny and upwards.

5.GLICO Life.

Before its incorporation and subsequent operation, GLICO Life thought that the life insurance industry in Ghana was virtually dormant. Most insurance companies rather focused on non-life insurance business thereby confining life insurance operation to small departments within the companies.

With a vision to bring life insurance to the doorstep of every Ghanaian household, GLICO Life, through hard work, dedication and commitment, has over the years grown and developed into a reputable and resourceful insurance company.


GLICO Life, formerly Gemini Life Insurance Company Ltd, began operations in 1987 as a specialist life insurance company after obtaining its license in late 1986.

6.miLife Insurance Ltd.

miLife Insurance Ltd is a Ghanaian success story. miLife focuses on providing, simple, affordable and more accessible life and savings insurance products to the mass market. The business provides educational, savings, funeral and term assurance policies. It also provides group life covers which offer protection for death, disability and critical illnesses.


The company started in 2005 as CDH Life Assurance, being the 17th Life assurance company to be licensed by the National Insurance Commission (NIC).

7.Allianz Life Insurance

Allianz Insurance is An Insurance company that provide a wide range of products and services  such as Motor, Home, Travel, Injury and Disability Insurance. Allianz Insurance also underwrites SME insurance, Public Liability Insurance, Asset, Construction, Transport & Cyber Crime Insurance.


Allianz’s operations in Ghana started in the non-life segment in 2009.In December 2017, Allianz started its life insurance operations in Ghana with an official launch on 24th May, 2018. We offer a wide range of products for retail, SME and corporate customers, including Pure Life Insurance, Credit Life, Funeral,  Education, Savings and Investments. We also offer micro  insurance products for that segment of the population.

8.Phoenix Insurance

Phoenix Insurance is a private limited liability insurance company incorporated in Ghana under the Company’s Code of 1963 (Act 179).

Phoenix Insurance has a combination of both local and foreign shareholders, with CD Investment Limited, a Ghanaian consortium of investors, having a majority stake.

The company serves an impressive crop of individual, small business and corporate clients, most of whom have chosen and stayed with Phoenix Insurance since the company’s incorporation.

Phoenix Insurance is currently counted among the top flight of Ghana’s major league of insurance companies. More than ever, the company is well poised to lead from the front, and be the ultimate insurer of choice, through the provision of appealing, relevant and innovative products and services.

Phoenix Insurance underwrites products, including engineering insurance, bonds, motor insurance, fire, accidents, marine and other tailor-made products. We deliver to customers and clients through an exciting, personalized and delightful service culture.


The oldest life company, Phoenix Assurance, dates back to 1786. But Phoenix Insurance was incorporated in Ghana in 1995

9.Saham Insurance Ghana

Saham Insurance Ghana, is a non-life/ general insurance company licensed under the insurance Act, 2006 (ACT 724) by the National Insurance Commission to carry on general insurance services. They are member of Sanlam group, a leader in insurance and investment in Africa.

The Sanlam’s vision is to be a Pan – African Group built on the expertise and financial capacity of Africans and able to provide its customers with the highest quality of services.

10.Priority Insurance Company Limited

Priority Insurance Company Limited is a owned Ghanaian Insurance company incorporated on the 8th day of September, 2011. PRIORITY has been licensed by the National Insurance Commission (NIC/NL/PRIO 025/12) to underwrite non-life insurance business in accordance with the provisions of the Insurance Law, 2006, Act 724.


We hope you found this blog post to be informative. It’s important to know what you’re getting into before you choose an Insurance company, but not everyone is aware of all the information they need to know.

If you have any questions or need more information, please comment below and we shall reply ASAP!


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