When it comes to working in Nigeria’s insurance sector, one company that always sparks curiosity is Cornerstone Insurance Plc.
Job seekers, fresh graduates, and even industry professionals constantly search to know what Cornerstone pays its staff. Salary insights give a sense of direction, especially in a competitive job market like Nigeria.
Cornerstone Insurance Plc is a reputable insurance firm that has been around for decades. Known for integrity and innovation, they provide services across life, motor, travel, health, and general insurance. They have built a solid structure that attracts both customers and employees alike.
Now let’s dive deep into what Cornerstone Insurance Plc pays its staff across different levels. From entry-level positions to executive roles, this article will cover it all in a detailed, transparent, and easy-to-understand manner.
Cornerstone Insurance Plc Salary Structure 2025
Cornerstone Insurance Plc pays its staff based on job role, years of experience, and professional qualifications.
The company adopts a competitive salary system to attract and retain top talent. Their salaries are in line with industry standards, with a few perks and bonuses attached.
Entry-level staff typically earn between ₦80,000 to ₦150,000 monthly. This range depends on the department (e.g., sales, underwriting, customer service). Higher qualifications like ICAN or MBA can place you on the higher end of this scale.
Mid-level professionals earn around ₦200,000 to ₦350,000 monthly. These include roles such as senior marketers, finance analysts, and risk managers. Experience and performance are major determinants at this stage.
Managers and heads of departments earn ₦400,000 to ₦800,000 monthly. These roles come with more responsibilities and targets. Additional benefits like official cars, allowances, and healthcare plans are common.
Executives and directors earn well over ₦1 million monthly. These positions are few and require years of experience in leadership and decision-making. The pay package is accompanied by bonuses, international trips, and profit-sharing plans.
Allowances and Incentives
Cornerstone Insurance doesn’t only pay basic salaries. They offer a range of allowances depending on the staff level. Housing, transport, communication, and wardrobe allowances are standard for mid-to-senior staff.
Sales and marketing staff enjoy performance bonuses. These bonuses are tied to targets, and high performers can double their earnings. This makes the job both challenging and rewarding.
Other incentives include HMO (Health Maintenance Organization) cover, pension plans, paid leave, and training opportunities. Staff are encouraged to grow both personally and professionally.
Graduate Trainee Programme Salary
Cornerstone Insurance often recruits fresh graduates through their Graduate Trainee Programme. This programme lasts for 3 to 6 months. Trainees earn between ₦50,000 to ₦80,000 during this period.
Upon successful completion, trainees are absorbed into full-time roles. The salary is immediately upgraded to entry-level scale. Trainees also benefit from internal mentorship and exposure to industry best practices.
The programme is competitive, and selection is based on academic performance, communication skills, and cognitive ability. It’s an excellent way to start a career in the insurance sector.
Salary Comparison with Other Insurance Companies in Nigeria
Compared to other players like AIICO, Leadway, and AXA Mansard, Cornerstone’s salary range is quite competitive. Entry-level salaries are similar, but Cornerstone stands out in performance-based incentives.
While Leadway may offer slightly higher base pay for marketers, Cornerstone balances this with generous commissions. AXA Mansard offers slightly better health benefits, but Cornerstone leads in staff training and development.
In general, Cornerstone Insurance Plc is among the top five insurance companies in Nigeria when it comes to salary and staff welfare. They continue to innovate and maintain a solid reputation among employees.
Editors pick
Contract Staff and Intern Salaries
Contract staff at Cornerstone Insurance Plc earn around ₦60,000 to ₦100,000 monthly. These include support staff, admin assistants, and temporary marketers. Their contracts usually last 6 to 12 months.
Interns are paid stipends ranging from ₦20,000 to ₦50,000 monthly. These internships could be IT placements, NYSC assignments, or voluntary learning programmes. Interns get hands-on experience across various departments.
The company treats interns as potential employees. Many interns have transitioned to full-time staff after their placement. They receive adequate support and access to office tools like regular staff.
Factors That Affect Salary at Cornerstone Insurance Plc
Academic qualifications play a huge role in determining your salary. The higher your qualification, the better your entry point. Courses like Insurance, Actuarial Science, and Finance are highly valued.
Years of experience also influence your pay. Even within the same role, a staff with 3 years of experience earns more than a fresh graduate. Promotions are performance-based and can increase your salary significantly.
Professional certifications like CIIN, ICAN, ACCA, or MBA also add value. Staff with these certifications often enjoy accelerated promotions and salary increments.
How to Get a Job at Cornerstone Insurance Plc
Visit their official website and look out for career updates. You can also follow their LinkedIn page for job openings. Recruitment is usually advertised both online and through HR firms.
Prepare a solid CV and cover letter that highlights your skills, achievements, and alignment with insurance principles. Use keywords relevant to the job role you’re applying for.
If shortlisted, you’ll go through aptitude tests, interviews, and sometimes group assessments. Communication, problem-solving, and teamwork skills are key qualities they look for.
Frequently Asked Questions (FAQs)
How much does Cornerstone Insurance Plc pay marketers?
Marketers earn between ₦100,000 to ₦200,000, excluding commissions and bonuses.
Is Cornerstone Insurance a good place to work?
Yes, due to competitive salaries, work-life balance, and career growth opportunities.
Do they pay interns at Cornerstone Insurance?
Yes, interns are paid ₦20,000 to ₦50,000 depending on the department.
How long is the graduate trainee programme?
It lasts between 3 to 6 months, after which successful candidates are fully employed.
What qualifications do I need to work at Cornerstone?
A degree in Insurance, Finance, or related field, plus NYSC completion. Professional certifications are an added advantage.
Conclusion
Cornerstone Insurance Plc is one of Nigeria’s most respected insurance companies with a robust salary structure. From entry-level to executive positions, the company offers competitive pay, incentives, and growth opportunities.
Whether you’re a graduate, experienced professional, or someone looking for an internship, Cornerstone has something to offer. Their structured salary system and supportive work culture make them a top choice for job seekers.
With this detailed guide, you now have a clear understanding of what to expect in terms of salary at Cornerstone Insurance Plc. Use this knowledge to plan your career path and make informed decisions.