Tangerine Life Insurance Review: What does Tangerine Life Do?

Tangerine Life insurance

Last Updated on November 8, 2022

Tangerine Life insurance review

Tangerine Life is one of the biggest life insurance providers in Nigeria. Previously known as Metropolitan Life Insurance Nigeria Limited, Tangerine life recently took majority ownership of ARM Life Insurance Plc.

Tangerine life offers life insurance through a range of carefully tailored products that use deep consumer insights and cutting-edge technology that can protect your wealth and help you build a financially secure future.

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Tangerine Life Review

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4.0 Koboline Rating

Tangerine Life gets 4 stars out of 5 for overall performance. Ratings at Koboline are determined by taking into account pricing, discounts, ease of filing a claim, website transparency, financial strength, and complaint data from social media.

Life Insurance Coverage options from Tangerine Life

Tangerine Term Life Cover

The Term Life Cover insurance policy from Tangerine Life comes with two tiers; Term life and Term life plus. Term Life has a starting premium of ₦10000 with a guaranteed payout of up to ₦1 million. Term life plus has a starting premium of ₦25000 with a guaranteed payout of up to ₦5 million.

Tangerine Life also allows you to redeem up to ₦500,000 if diagnosed with a critical illness including COVID-19. 

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You can also purchase this policy for other people.

Tangerine Credit Life

This plan from Tangerine Life offers a guaranteed payout to a lender in cases of loan default due to the incapacitation or death of a borrower. This Tangerine life insurance policy benefits both the lender and the borrower. 

As a lender, you can secure your capital with this plan. It also removes any concerns about borrowers’ inability to pay back loans. For a borrower, you can make sure that your beneficiaries will not be burdened with paying back a loan in case of death.

The maximum amount assured with Tangerine Credit Life is ₦5 million. The pricing rates of this plan are based on duration, age, and medical history.

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Tangerine Group Life

This Life insurance policy by Tangerine Life is for private organisations with 3 or more employees. Tangerine Group Life plan is for employers who want to provide reassurance for employees by providing this cover for their families in case of death, critical illness or permanent disability.

Employees between the ages of 18 – 65 are eligible for this Plan. Some additional benefits of the Group Life plan are Spouse Cover Benefits, Profit Share Arrangement and Child education Subsidy.

What do I need to get a quote from Tangerine Life?

It takes only a few minutes to get a quote from Tangerine Life. Start by signing up for the Tangerine app and easily purchase an insurance policy. 

You won’t have to wait a long time to get a quote or purchase a plan as Tangerine Life is process is digital.

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How do I file Tangerine life claims?

Tangerine life suggests that a claim request can be made by writing a letter and sending an email. However, the company recommends that mail be sent first, to make the request get to the desired quarters before the written letter to avoid unnecessary delay. 

Tangerine Life responds within 2 business days. You will be informed if it will take longer than that.

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Why should I choose Tangerine Life?

Guaranteed insurance no matter the outcome or chosen plan and well developed digital platform are some of the reasons to choose Tangerine Life.

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