Health insurance in Nigeria is gradually becoming a necessity rather than a luxury. With rising medical costs and the unpredictable nature of emergencies, having health insurance ensures you’re protected without draining your finances.
For many Nigerians, the big question is simple: What’s the cheapest HMO (health insurance) plan available?
The Cheapest Health Insurance Plan in Nigeria
The The Cheapest Health Insurance Plan in Nigeria is the Treasure Plan by Healthcare Partners Ltd, costing just ₦12,000 per year.
This plan is designed to provide basic, essential health coverage without the financial strain of higher-premium packages.
What Does the Treasure Plan Cover?
- Access to primary healthcare services (e.g., doctor consultations, outpatient visits)
- Coverage for secondary healthcare services (basic treatments, medications, and tests)
- Treatment at designated partner hospitals under Healthcare Partners’ network
Who Should Consider This Plan?
The Treasure Plan is particularly suitable for:
- Students – Affordable coverage while in school
- Low-income earners – Entry-level insurance at a minimal cost
- First-time subscribers – Those new to health insurance who want to start small
At just ₦12,000 per year (₦1,000 per month), it’s one of the easiest ways to step into the world of health insurance protection.
Are There Any Limitations?
While the Treasure Plan offers great value for money, it’s important to note that:
- It may not cover highly specialized treatments like major surgeries or rare illnesses.
- Access may be limited to specific partner hospitals.
- For more comprehensive coverage (e.g., dental, optical, maternity, or chronic illness management), you may need to upgrade to a higher-tier plan.
Still, for everyday healthcare needs like consultations, basic lab tests, and prescriptions, it’s one of the most reliable starting points.
Why Is Healthcare Partners Ltd Leading the Pack?
Healthcare Partners Ltd has been a registered HMO since 1999 and is one of the longest-serving health insurance providers in Nigeria.
The Treasure Plan reflects their commitment to making healthcare accessible to everyone, especially individuals who may not be able to afford premium packages.
Comparison With Other Affordable Plans
To put the Treasure Plan into perspective, here’s how it stacks up against other affordable health insurance plans in Nigeria:
| HMO | Plan Name | Annual Cost (₦) | Coverage Level |
|---|---|---|---|
| Healthcare Partners Ltd | Treasure Plan | ₦12,000 | Primary & secondary care at partner hospitals |
| Wellness Health Mgmt Ltd | Wellness Basic | ₦15,000 | Consultations, hospital visits, basic treatments |
| Well Health Network Ltd | Basic Plan | ₦18,500 | Outpatient care, medications, basic tests |
| AXA Mansard HMO | Easy Care | ₦20,000 | Primary care, flexible payment option |
| Novo Health Africa | Basic Plan | ₦25,200 | Outpatient care, emergency services |
Final Thoughts
The Healthcare Partners Ltd Treasure Plan at ₦12,000 per year is currently the cheapest health insurance plan in Nigeria.
Perfect for students, low-income earners, and anyone new to health insurance.
Provides essential coverage for consultations, basic treatments, and lab tests.
If you’re ready to start protecting your health without breaking the bank, this plan is one of the smartest first steps you can take.
