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Custodian Life Assurance Ltd

Can a legacy Nigerian life insurer package savings, thrift (esusu/ajo) and protection into modern investment-linked policies for a growing middle class?

HQNigeria
IndustryFintech / Insurtech
The story

Custodian Life Assurance Limited is a specialist life insurance subsidiary of Custodian Investment Plc, a Nigerian financial services group with subsidiaries spanning general insurance, pensions (CrusaderSterling Pensions), asset management, trusteeship, real estate (UPDC Plc) and stockbroking (Interstate Securities). CLA is licensed by NAICOM to transact all classes of life insurance business, offering savings/investment-linked products (WealthPlus, Capital Builder, Esusu Shield) alongside traditional protection policies.

Last 12 months
Regulated entities
1
regulatory licence held by Custodian Life Assurance Ltd
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Custodian Life Assurance Ltd’s embedded-finance stack
Insurance
Custodian Life Assurance (in-house)
Accounting gap: none