LAGOS, Nigeria — Heirs Insurance Group has announced the launch of the fourth edition of its flagship educational initiative, the Heirs Insurance Essay Championship, offering a combined prize pool of N10.5 million ($7,000+ USD equivalent) to Nigerian students and teachers. The programme aims to elevate insurance literacy among youths and encourage community-level financial education.
Targeting junior secondary school students nationwide, the competition invites entries from May 27 to July 8, 2025. Contestants are required to submit original essays not exceeding 500 words on the theme: “The Role of Insurance in Keeping Families Safe and Secure.”
The top student will receive a N5 million scholarship while their school secures an N1 million education grant. Additional scholarships of N2 million and N1 million are available for the second and third-place winners. The initiative also includes an integrated quiz segment to expose participants to core insurance concepts early.
This year, Heirs Insurance is expanding its impact through the newly introduced Teachers’ Insurance Awareness Prize. The award honors teachers who spearhead insurance awareness projects in schools or communities. The most impactful teacher will earn a N1 million cash prize and a N500,000 school grant.
Chief Marketing Officer Ifesinachi Okpagu described the dual-focus initiative as a strategy to promote inclusive financial education: “We believe education is a key driver for societal stability. Empowering both students and educators ensures that financial knowledge is passed down with impact.”
Heirs Insurance Group is part of Heirs Holdings, a pan-African investment firm with presence in 24 countries. Winners of the essay competition will be unveiled at a grand ceremony in August 2025.
