If you’re exploring career opportunities in Nigeria’s insurance industry, one name you’ll likely come across is Cornerstone Insurance Plc. Whether you’re a fresh graduate, an experienced professional, or simply curious about salary structures in top firms, understanding what Cornerstone pays its staff can help you make informed career choices.
As one of the leading insurance providers in Nigeria, Cornerstone has built a solid reputation for reliability, innovation, and professional development. From life and motor insurance to health and travel coverage, the company operates across multiple sectors and maintains a strong presence nationwide.
In this article, we’ll take a deep dive into the salary structure at Cornerstone Insurance Plc in 2025 — covering everything from graduate trainee stipends to executive-level earnings, including allowances, benefits, and how they compare with other major insurance companies in Nigeria.
Salary Structure at Cornerstone Insurance Plc in 2025
Cornerstone’s compensation system is largely influenced by three key factors: job position, years of experience, and professional qualifications. The company aims to attract and retain top talent by offering salaries that align with industry benchmarks, along with performance-driven perks.
Entry-Level Staff Salaries
Fresh graduates and entry-level hires typically earn between ₦80,000 and ₦150,000 per month. The exact amount depends on the department — for instance, sales officers may earn differently from customer service representatives or underwriting staff. Candidates with additional qualifications, such as an MBA or a professional certification like ICAN, may start closer to the upper limit of this range.
Mid-Level Roles
Mid-level professionals — including risk analysts, senior marketers, and financial officers — earn around ₦200,000 to ₦350,000 monthly. At this level, performance and experience play a more significant role in determining take-home pay. Bonuses and other incentives may also increase overall earnings.
Managers and Department Heads
Those in managerial or supervisory roles take home between ₦400,000 and ₦800,000 per month. These positions involve greater responsibilities, including team leadership, target setting, and departmental performance tracking. Benefits at this level often include transportation allowances, health plans, and sometimes official vehicles.
Executive and Director-Level Staff
At the top of the salary pyramid are executives and directors, who typically earn ₦1 million or more per month. These high-level positions are reserved for seasoned professionals with years of experience in strategy, leadership, and business development. Compensation often includes profit-sharing schemes, annual bonuses, international travel, and other executive perks.
Allowances and Incentives
Cornerstone Insurance does more than offer basic salaries. The company provides various allowances based on job grade and responsibilities:
- Housing allowance
- Transport and communication support
- Wardrobe and dressing allowance (especially for client-facing roles)
Staff in sales and marketing are also eligible for performance-based commissions. These incentives are tied to individual and team targets, making it possible for high-performing employees to significantly boost their monthly income.
In addition, employees enjoy:
- Health insurance under an HMO scheme
- Contributory pension plans
- Paid annual leave
- Training and professional development opportunities
Graduate Trainee Programme: What to Expect
Cornerstone Insurance runs a Graduate Trainee Programme designed to groom fresh graduates into full-time professionals. The training typically lasts three to six months, during which trainees earn between ₦50,000 and ₦80,000 per month.
Upon successful completion, trainees are often absorbed into permanent roles and shifted to the entry-level salary structure. The programme provides mentorship, on-the-job training, and a structured path for career advancement. Selection is competitive and based on academic performance, communication ability, and problem-solving skills.
Salary Comparison: Cornerstone vs. Other Insurance Companies
How does Cornerstone stack up against other major players in Nigeria’s insurance industry?
- AIICO Insurance and Leadway Assurance offer similar base pay for entry-level staff.
- AXA Mansard may provide more comprehensive healthcare packages, but Cornerstone excels in terms of professional development and incentive structures.
- In marketing, Leadway might offer slightly higher fixed salaries, but Cornerstone makes up for it with generous commissions tied to performance.
Overall, Cornerstone ranks among the top five insurance companies in Nigeria for employee compensation and welfare.
What About Contract Staff and Interns?
Contract Staff
Contract workers, such as administrative assistants, support personnel, and temporary marketers, typically earn between ₦60,000 and ₦100,000 per month. Contracts are usually short-term, ranging from six months to a year.
Interns
Internships at Cornerstone are also paid, with stipends ranging from ₦20,000 to ₦50,000 per month. These placements include IT students, NYSC members, and those undergoing voluntary work experiences. Interns are integrated into regular office operations and often have access to mentorship and training.
Many former interns have transitioned into full-time roles at the company, making internships a smart first step for those interested in the insurance sector.
What Influences Your Salary at Cornerstone Insurance?
Several factors can determine how much you earn at Cornerstone:
- Academic Qualifications: A university degree in relevant fields such as Insurance, Actuarial Science, Economics, or Finance provides a strong foundation.
- Years of Experience: The more experience you have, the higher your placement within a given role.
- Professional Certifications: Credentials such as CIIN (Chartered Insurance Institute of Nigeria), ICAN, ACCA, or an MBA significantly boost your salary potential and promotion chances.
- Performance and Work Ethic: Promotions and bonuses are performance-based. Exceptional work can lead to faster career progression and increased earnings.
How to Apply for Jobs at Cornerstone Insurance Plc
If you’re interested in working at Cornerstone, here’s how to get started:
- Check their official website regularly for job openings.
- Follow their LinkedIn page to stay updated on recruitment announcements.
- Prepare a professional CV and cover letter highlighting your achievements, skills, and experience relevant to the role.
- Be ready for assessments — shortlisted candidates often go through aptitude tests, interviews, and sometimes group exercises.
- Showcase soft skills such as teamwork, communication, and critical thinking, which are highly valued during the selection process.
Frequently Asked Questions
How much do marketers earn at Cornerstone Insurance?
Marketers earn between ₦100,000 and ₦200,000 monthly, excluding commissions and bonuses.
Is Cornerstone a good place to work?
Yes. The company is known for offering competitive pay, a healthy work-life balance, and growth opportunities.
Do interns get paid?
Yes. Interns receive monthly stipends ranging from ₦20,000 to ₦50,000, depending on their role.
How long does the Graduate Trainee Programme last?
The programme typically lasts between three and six months.
What qualifications do I need to work at Cornerstone Insurance Plc?
A degree in a relevant field and NYSC completion are required. Professional certifications provide an added advantage.
Final Thoughts
Cornerstone Insurance Plc stands out as a leading employer in Nigeria’s insurance sector. From interns to executives, the company maintains a fair and structured salary system designed to reward effort and encourage growth.
Whether you’re just starting your career or considering a move within the industry, Cornerstone offers not just a paycheck, but a platform to build, learn, and advance professionally.
Now that you have a detailed understanding of what to expect salary-wise at Cornerstone Insurance Plc, you can plan your career goals with more clarity and confidence.
