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NAICOM Certified — Since 2019

Protecting Every
Nigerian Farm.

Agricultural Insurance by Prestige Assurance PLC safeguards crop growers, poultry farmers and fishery operators against natural hazards, disease outbreaks, and structural losses — so farming stays profitable no matter the season.

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3Coverage Lines
10K+Farmers Shielded
NAICOMLIC 040
NAICOM Certified Specialized Cover

Redefining Security for Nigerian Agriculture

Prestige Assurance PLC launched its specialized Agricultural Insurance products following approvals from the National Insurance Commission (NAICOM). Our objective is to safeguard agricultural investments, stabilize farming incomes, and return farmers to business in record time after suffering a loss.

Desk Objectives
  • Financial Recovery

    Swift financial compensations during disaster and disease outbreaks.

  • Credit Accessibility

    Provide secure collateral/asset shields for loan approvals.

  • Advisory Support

    Encourage progressive farming via specialized desk support.

Our Standard Policies

Custom-tailored coverage classes designed for primary food producers.

Crop Cover

Shields annual and medium crops from fire, flood, storm, and disease. Payout is based on verified input costs.

Poultry Shield

Guards commercial bird investments from epidemics and natural disasters when mortality exceeds the standard 10%.

Fishery Shield

Protects concrete and earthen ponds against flash floods, structure failures, collapses, and mass stock epidemics.

2019
Desk Launch Year
100%
NAICOM Guideline Adherence
10,000+
Farmers Shielded Nationwide

Explore Coverage Depth

A detailed look at each agricultural shield — what's covered, what's eligible, and how indemnity is applied.

Crop Cover

Multi-Peril Crop Insurance Scheme

Designed to protect smallholder and large-scale commercial growers of arable crops throughout the planting and harvesting cycles.

  • Covered Crops: Rice, Maize, Cassava, Yam, Soybeans, Vegetables, and Orchard plantations.
  • Core Perils: Fire, explosion, windstorms, uncontrollable flood, landslide, and pests.
  • Indemnity Basis: Compensation calculated from verified production expenditures and inputs.
Crop Insurance — Multi-Peril Scheme
Poultry Insurance — Commercial Indemnity
Poultry Shield

Commercial Poultry Indemnity Cover

Assists poultry investors in mitigating catastrophic losses due to disease outbreaks and structural disasters across high-yield livestock assets.

  • Eligible Stock: Broilers, layers, parent stock, breeders, turkeys, geese, and quails.
  • Covered Risks: Uncontrolled disease epidemics, fire outbreaks, floods, and natural disasters.
  • Trigger Clause: Activates on mortalities exceeding standard operational losses (10%).
Fishery Shield

Aquaculture & Fishery Shield

Protects modern aquaculture operators against infrastructure collapses and total biological stock washouts, tailored for intensive fish farming operations.

  • Eligible Setups: Concrete pond systems, earthen layouts, cage cultures, and raceways.
  • Covered Events: Mass epidemics, poisonous inflows, overflow washouts, and structural collapse.
  • Compensation: Focuses on restocking when population loss exceeds 80%.
Fishery Insurance — Aquaculture Shield

Exclusions & Claims Protocol

What Risks Are Covered?
Prestige Assurance covers all major natural catastrophes, including fire, windstorms, lighting strikes, uncontrollable floods, landslides, drought, wild animal attacks, and sudden pest epidemics.
What Risks Are Excluded?
Standard exclusions apply. These include war/civil unrest, radioactive contaminations, malicious damage by farm workers, preventable neglect, theft of stock, and failure to adopt standard agricultural management best practices.
How Does The Claim Process Work?
Upon suffering a loss, notify our Agricultural Desk within 72 hours. Our underwriting auditors will review input costs and farm records to expedite the validation and payout process.
Contact our Agricultural Underwriting Help Desk

For custom quotes, bulk agricultural portfolios, or rapid claim reporting, email us at info@prestigeassuranceplc.com.

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