Brief History
Royal Exchange Prudential Life Plc is a wholly owned subsidiary of Royal Exchange Plc and is licensed to underwrite life insurance and related risks.
Following the re-organization of the erstwhile Royal Exchange Assurance (Nigeria) Plc into a group holding company in April 2007, Royal Exchange Prudential Life Plc emerged as the subsidiary providing a variety of life and investment linked savings products to cater for individual and corporate needs.
Royal Exchange Prudential Life pioneered the use of a GSM-based electronic platform which enables some of our products to be purchased and activated via scratch cards. This platform, which is user friendly, has also aided the accessibility of our products to all branches, friendship centers and other outlets nationwide.
In the coming months, our clients will also be able to enjoy new additions to our product bouquet covering medical health annuity schemes, disability benefit cover and dreaded illness cover. At the corporate level, we are also at the forefront of providing cover under Compulsory Group Life Schemes for employees of both private and public sectors of the economy as required by the Pension Reform Act, 2004.
We presently enjoy the partnership and collaboration of brokers and related organizations in providing quality services to the insuring public, in line with professional best practices.