This page contains official WAEC and JAMB subject combination (admission requirements) for the Insurance Degree Course, including the list of Nigeria universities offering this course, A level requirements and much more


CourseInsurance Under Administration
QualificationB.Sc (Hons.) and B.A. (Hons)
Duration3 – 4 Years
SuitabilityCommercial and Art Students
Cut off markVaries
EntranceNon Competitive
Related coursesInsurance-related courses
Job AvailabilityLow and Competitive

Is Insurance a good course in Nigeria?

Absolutely. Insurance is one of the degrees in the world with plenty of job roles you can explore. You are not limited to any specific career field. A person working in Insurance in Nigeria typically earns around 340,000 NGN per month. Salaries range from 126,000 NGN (lowest average) to 655,000 NGN (highest average, the actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Insurance careers. Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience. Insurance is one of the oldest degrees and is less competitive. This course is popular amongst commercial students in secondary school. Few Nigerian universities offer this degree course.

So while you are here to get information on the O level subject combination for Insurance, we also expect you consider the total number of students currently studying Insurance and the employment rate as mentioned below so that you will know what you are up against when you choose to study this course.

We have some student guide articles that will be of benefit to you.


WAEC Subject Combination For Insurance

In WAEC, NECO or GCE, you are expected to register a maximum of 9 subjects for an Insurance degree. You can register for less than 9 subjects if you are resitting.

However, you must have at least 5 credit passes amongst the 9 subjects listed below before you can gain admission into any Nigerian university to study for an Insurance degree.

Remember, the requirement you’re about to read is also applicable to all o level examinations. (WAEC, NECO and GCE). We have painstakingly highlighted (in red) the core subjects on which you must obtain credit before you can gain admission. Any subject with blue colour means, a pass is allowed.

If however, you fail one of the core subjects, you should read through each university’s special requirements for this course below to see if there is a university that may accept another subject in lieu of the one you failed. The 9 WAEC/NECO/GCE subject combinations for Insurance are:

  • Mathematics
  • English
  • Civic Education 
  • Trade Subject
  • Economics
  • Accounting
  • Commerce
  • Geography/Biology
  • Any Nigerian Language

These listed subjects are compulsory for anyone writing WAEC and other O level examinations. I will advise you to include a Language in your O level subjects. 

JAMB UTME subject combination for Insurance

For this degree, you are also required to register for 4 subjects and English is compulsory. Moreso, your JAMB score in addition to your POST UTME score will determine the cumulative score that the university will use to decide your candidacy for admission.

You should score 180 or above in JAMB to stand a better chance of gaining admission to study Insurance Degree course. You can still gain admission if you score between 160-170 upward but you do not stand a chance with those who had scored higher. Try out JAMB Admission Simulator.

The 4 JAMB subject combination for Insurance are:

  1. Mathematics,
  2. Economics
  3. Accounting
  4. English


Direct Entry requirement (required A-level result) to study Insurance

If you’re one of those seeking admission into the University to further your studies, in addition to the required WAEC subjects combination for Insurance under the faculty of administration, you are expected to have Two ‘A’ level passes chosen from Economics, Accounting, Business Management, Government, Geography and Statistics

I want you to read this

If you have your O level result already and the subjects you have is not the same with the admission requirement that is the required O level subject combinations to study Insurance, don’t give up. You should consider other Insurance similar courses or take a look at Polytechnic or College of Education related courses.

You can also study online with a foreign university right from your bedroom or apply for a scholarship to study abroad. Education is now a choice. And please before you make a decision on which University to choose, please read useful guides on how to choose a course and university

Here is the list of universities and polytechnics offering Insurance Degree in Nigeria.

  1. Gregory University, Uturu
  2. Joseph Ayo Babalola University, Ikeji-Arakeji
  3. Lagos State University, Ojo (LASU)
  4. University of Benin (UNIBEN)
  5. University of Lagos (UNILAG)
  6. University of Uyo
  7. Niger Delta University Yenagoa (NDU)
  8. Ahmadu Bello University, Zaria
  9. University of Jos (UNIJOS)
  10. Redeemer’s University, Mowe


Insurance Course Description

Insurance is a contractual agreement between an individual “the policyholder” and an Insurance company. This contract provides that the Insurance company will cover some portion of a policyholder’s loss as long as the policyholder meets certain conditions embedded in the Insurance contract.

The policyholder pays an Insurance premium to obtain Insurance coverage. If the policyholder experiences a loss, such as a car accident or a house fire, the policyholder files a claim for reimbursement with the Insurance company. The policyholder will pay a deductible to cover part of the loss, and the Insurance company will pay the rest

Quick Fact on Insurance:

In 2010, the Chartered Insurance Institute’s (CII) survey of 1,755 school and university students’ attitudes towards insurance stated that:

  • only 1 per cent was interested to work in the insurance sector (with 15 per cent in finance and 22 per cent in professional services, including law and accounting);
  • students regard an insurance career as dull and unethical, involving cheating rather than helping people;
  • external sources (the media, teachers, friends and family) who tend to be unaware that insurer’s risk pooling across society actually provides security influence the students’ career choice considerably, so the students in effect know very little about insurance, which leads them to avoid this industry as a career choice;
  • communication about the value of insurance should be improved among the stakeholders to foster awareness

Moreover, CII’s skill survey reported:

  • almost two-thirds of employers are suffering from talent shortages, with claims management and underwriting being urgently needed skills;
  • the majority of respondents believe that new entrants joining the industry at both the entry and leadership levels have failed to acquire sufficient skills at school or at the graduate level.

You should read this also

Insurance is how many years course and under which faculty?

Depending on your mode of entry, Insurance is a three to four years course in Nigeria. According to JAMB, Insurance is under the Faculty of Administration but may be under a different faculty in some universities.

Have you read this?

Who can study Insurance?

Can science or art students study Insurance at the university? By default, this course is meant for commercial students only. But the curriculum of this course allows students with art and science backgrounds to study it as long as they have the right O level subject combination for Insurance.

This simply means, that even though you were a science student in secondary school, you can still qualify to study this course with the right O level subject for Insurance.

Also, during WAEC or NECO registration make sure you know which subjects are been registered for you because some secondary schools are ignorant about the importance of O level requirements for university courses. Another alternative way to register the required subject combinations for Insurance is through GCE.


Now I am confident that you know the compulsory subjects needed to study Insurance in WAEC. But note this — Some Universities may accept D7 or E8 in some a compulsory subjects instead of Credit. And some may accept or reject two sittings. That is combinations of WAEC, NECO, or GCE results.

Special consideration (waiver) for Insurance

  • University of Lagos (UNILAG) requires credit in English Language, Mathematics, Economics and any two of Financial Accounting, Data Processing, CRS/IRS, Further Mathematics, Geography, Government, Biology, Chemistry, Physics, Commerce, Civic Education, Insurance.
  • Ahmadu Bello University, Zaria requires five ‘O’ level credits including English Language, Economics, Mathematics and any other two (2) Subjects.
  • Niger Delta University Yenagoa (NDU) requires five ‘O’ level credits in English, Mathematics, Economics, and any two other subjects in not more than two sittings.


Further reading on Insurance:

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18 thoughts on “WAEC and JAMB Subject Combination for Insurance”

  1. Please can i study insurance with this my wace results;
    English Language
    Agricultural Science

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