10 Best Insurance Companies in Ghana in 2024

First of all, I think you’ll agree with me when I say;

It’s really hard to find a reputable insurance company in Ghana that can serve your needs and not only focus on the premium you pay them, right? The same is applicable in Kenya

However, even though not so easy, you can still have a handful of the best insurance companies in Ghana that puts you first.

In this guide, we have listed the top 10 insurance companies in Ghana.

Our criteria for choosing them are based on;

  • Customer review (how satisfied were their customers) 
  • Their online presence, (they must have a genuine website)
  • And, how user-friendly their website is.

However, when you choose a company from our list, you can still ask your financial advisor or your close relation, or even a broker in Ghana if it is right for you.

Before we go deep into these insurance companies, let’s learn what they really do.

What Insurance Companies In Ghana Do

An insurance company offers the policyholder investment security, in case of an uncertain event like an accident, theft, death, or disablement. 

Further, the policyholder has to pay a monthly or annual small fee known as a premium to make sure these benefits are paid by the insurer.

A policyholder is a customer (which could be you) who purchases an insurance policy from an insurer (insurance company).

Best Insurance companies in Ghana 

1. Enterprise Insurance Company Ltd

Enterprise Insurance Company Ltd is not just the oldest insurance company in Ghana, it’s also one of the first prestigious insurance companies in Ghana.

It was established in 1924 and took its root in the Royal Exchange Assurance Corporation of the United Kingdom. It went ahead to commence business in the Gold Coast in 1924, then became Guardian Royal Exchange Assurance Ghana Limited, (GREG) and subset, Enterprise Insurance Company Limited.

EIC Contacts

  • Address 

Advantage Place, Mayor Road, Ridge West, Accra, Ghana

  • Tel

Call Center: +233 302 634 777

Cell Number: +233 54 823 1149 

Cell Number: +233 20 495 4801

  • WhatsApp


  • Email



2. Vanguard Assurance Company Ltd

Vanguard Assurance is one of the best insurance companies in Ghana that was established in 1974 as a composite insurance company. Also, it is the first private indigenous insurance company in Ghana.

When Vanguard started it only offered life and fire policies but now it has major life and non-life insurance policies.

However, Vanguard Assurance which is a subsidiary of Vanguard Group only focuses on non-life policies.

Vanguard’s Contacts

  • Address

No.25 Independence Avenue, Ridge-Accra 

  • Tel

(+233)244-334 407, 55-6620111, 302-213940,

0302-666485, 302-666486, 302-666487

  • Fax 

(+233) 302 668610

3. Allianz Insurance Company Ghana Ltd

Allianz Group is an international insurance company and they are one of the top insurance companies in Ghana. Allianz Group is in more than 70 countries with more than 100 million retail and corporate customers.

They are doing brilliant work, that’s why they are one of the world’s largest investors in the world, managing around €582 billion on behalf of its insurance customers.

And, in 2009, they decided to establish their company in Ghana in the non-life segment. Then, in 2018 they officially launched their life insurance segment in Ghana, which has been booming well.

Allianz’s Contacts

  • Address

Lexta Square, No. 79 Achimota Road, Ebony Crescent (Off the Olusegun Obasanjo Highway) Accra

  • Postal Address

PMB CT 353, Cantonments, Accra

  • Tel

General: (+233) 302 764 893/94/91

Life: (+233) 302 267 892

Allianz Life (233-302) 764 891

  • Email



GLICO is loved and trusted by so many clients which makes them one of the best insurers in Ghana. It was established in 1987.

Furthermore, GLICO Healthcare, GLICO’s subsidiary company, was awarded “The Healthcare Insurance Provider of the Year, 2018.”

GLICO’s Contact

  • Address

47 Kwame Nkrumah Ave., Adabraka, Accra

  • Postal address

GP 4251

  • Telephone

0302 246140

0302 246141

0302 246142

0302 246147

0302 258210

  • Fax

0302 258210

  • Email


5. SIC Insurance Company 

SIC is one of the non-life insurance companies in Ghana which was established in 1955. 

Moreover, SIC has an amazing app (SIC SMART SERVE APP) which makes them outstanding and one of the best insurance companies in Ghana.

SIC Contacts


28/29 Ring Road East, Osu, Accra

P. O. Box 2363, Accra

  • Telephone

+233 302 780600/9

+233 302 780601

+233 302 780615

  • Email


6. Milife Insurance 

Another well-reputable life insurance company is Milife Insurance. Milife is one of the newest insurance companies in Ghana. However, they have shown incredible results since their inception (2005).

Milife has grown a premium income of more than ₵24 million in 2017, which moved them from 17th position in 2005 to 8th position in 2017. Also, They are capitalized at ₵56.8 million which makes them one of the most capitalized insurance companies in Ghana.

Milife is trusted by over 200,000 lives, making them one of the best insurance companies in Ghana.

Milife Contacts

  • Headquarters

Aggrey Street, Kisseman – Accra

Along the Achimota School – GIMPA road. (Near Pure Fire Church)

P.O. Box AT 1975, Achimota Market

  • Tel

024 243 9999

  • E-mail


7. Hollard Insurance Ghana Ltd

Hollard Insurance is one of the best Insurance companies in Ghana that was established in 1993 in Ghana as Madison Insurance.

Hollard Contacts

  • Address

11 Patrice Lumumba Road, Airport Residential Area

  • Postal Address

P. O. Box GP 20084, Accra, Ghana

  • Tel

+233 302 220966

8. Metropolitan Life Insurance

Metropolitan Life Insurance is one of the few companies in Ghana that has a ‘NO PREMIUM PAYMENT AT RETIREMENT’ policy. 

This means that, when the policyholder dies, his beneficiaries will immediately receive cash to finance the funeral. This is one of the reasons they are one of the leading Insurance companies in Ghana.

Metropolitan’s Contacts

  • Address

81 Tabon Link, North Ridge Crescent

(Behind DHL Ghana)

  • Postal Address

PMB CT456 Cantonments, Accra, Ghana

  • Tel

+233 (0) 302 633933

  • Email


9. Phoenix Insurance Company Ltd

Phoenix is one of the best Insurance companies in Ghana that was established in 1995 under the company’s Code of 1963 (Act 179)

Phoenix’s Contacts

  • Address

House No. 244/3, 6th Ringway Estates.

  • Postal Address

P. O. Box 17753, Accra – Ghana

  • Tel

233-302-246319, 246322, 246644


  • Email


10. Donewell Insurance Company Ltd 

Donewell was established in Ghana in 1988 and was registered as an Insurer by the National Insurance Commission on 26th February 1993.

Donewell’s Contacts

  • Head Office

F333/1 Carl Quist Street,

Kuku Hill, Osu RE Accra

  • Postal Address

P.O. Box GP2136, Accra Ghana, West Africa

  • Telephone

+233 – (0) 302-763-065

+233 – (0) 302-763-171

  • Fax

+233 – (0) 302-760-484

  • Email



I believe this list will help you to choose the right insurance company for you. 

Now I want to turn it over to you, which company will you get their quote from first?

Are you going for the first insurance company in Ghana, Enterprise Insurance Company?

Or, one of the newest companies that are disrupting the best insurance companies in Ghana, Milife insurance?

Either way, let me know by dropping a comment below.

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