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Life-insurance tax deductions in Nigeria: the 2026 rules

Under the Nigeria Tax Act 2025, an individual may claim a deduction for qualifying life-insurance premiums or deferred-annuity contracts paid in the preceding year, subject to the Act and documentary evidence.

What to check

Keep the policy schedule, premium receipts and a certificate showing who paid, whose life is insured and the relevant year. Make the claim in writing through the appropriate tax filing process.

What could change the answer

Older guides built around the former Consolidated Relief Allowance are outdated. Eligibility depends on the current Act and the taxpayer’s facts; this page is not tax advice.

A practical next step

Ask payroll or a qualified Nigerian tax adviser to apply the current deduction and retain the supporting records requested by the tax authority.

Reviewed 2026-09-09