Heirs Insurance Launches 2025 Essay Competition with ₦10.5 Million Prize Pool for Students

Heirs Insurance Group, Nigeria’s fastest-growing insurance company, has kicked off the fourth edition of its annual Essay Championship, opening applications to Junior Secondary School students across the country.

This year’s competition offers a total prize pool of ₦10.5 million, aimed at boosting educational development and promoting early insurance awareness among young Nigerians.

According to the organisers, the grand prize winner will walk away with a ₦5 million scholarship, while their school receives a ₦1 million educational grant. The first and second runners-up will earn ₦2 million and ₦1 million scholarships, respectively.

In a bid to deepen students’ understanding of Insurance, this year’s edition also features insurance-themed quizzes and essay topics, reinforcing the importance of financial literacy and risk awareness from a young age.

Heirs Insurance Group says the initiative is part of its commitment to education, youth empowerment, and long-term national development.

To participate, students must submit original essays of not more than 500 words on the topic: “The Role of Insurance in Keeping Families Safe and Secure” via the website Essay Championship – Heirs Insurance Group Essay Championship.

Submissions are open from May 27 to July 8, 2025. All entries will be evaluated by renowned academics, with a quality assurance process conducted by Deloitte and Touche to ensure transparency and fairness.

In a significant expansion of the initiative, the 2025 edition introduces the Teachers’ Insurance Awareness Prize – a new category designed to recognise and reward teachers who actively promote insurance education within schools and communities.

For the Teachers’ Insurance Awareness Prize (TIAP), the top teacher will receive a ₦1 million cash prize, with an additional ₦500,000 grant awarded to their school. To qualify, teachers must implement an insurance awareness project and provide evidence of their initiative and its impact.

Commenting on this year’s competition, Ifesinachi Okpagu, Chief Marketing Officer of Heirs Insurance Group, said: “We are excited to return with an even bigger edition of the Heirs Insurance Essay Championship. This year, we are not only empowering students and their schools but also highlighting the critical role teachers play in shaping financially aware communities. Across our businesses, we see education as a powerful tool to build a more secure future, and we are proud to drive that vision forward.”