Nem Health Limited
NEM Health Limited is a Nigerian HMO and subsidiary of NEM Insurance Plc, offering tiered health insurance plans to individuals, families, SMEs, corporates, seniors, and diaspora Nigerians via a 2,000+ hospital network across all 36 Nigerian states, supported by a mobile app and telemedicine platform.
- Company typePrivate
- Founded2022
- HeadquartersLagos, Nigeria
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
What Nem Health Limited does
NEM Health Limited is a Nigerian Health Maintenance Organization (HMO) and wholly-owned subsidiary of NEM Insurance Plc, operating as a multi-segment health insurance provider. The company serves individuals and families, SMEs (6-19 employees), corporate clients (20+ employees), Nigerian seniors aged 66-75, and diaspora Nigerians funding coverage for family members in Nigeria, through five product lines: Retail, SME, Corporate, HomeReach (diaspora), and Golden Care (seniors). Pricing is tiered (Lotus, Tulip, Hazel, Ivy, Marigold) with annual subscription billing, ranging from ₦88,300 for entry-level retail to ₦790,500 for executive plans, plus USD-denominated diaspora plans ($180-$960/year) and senior plans (₦1M-₦1.5M/year).
The underlying platform combines a mobile application (iOS and Android, launched 2025) supporting digital ID cards, provider lookup, claims submission, and telemedicine, with a provider network management system integrating 2,000+ NHIS-accredited hospitals, 2,500+ pharmacies, and 500+ optical centers across all 36 Nigerian states. Service delivery is supported by 11 physical offices (Lagos HQ plus Abuja, Port Harcourt, Kano, Warri, Calabar, Onitsha, Jos, Kaduna, Ibadan, Akure) and inside-sales channels (phone, WhatsApp, email). Real-time claims processing targets 24-48 hour reimbursement cycles.
Revenue is generated primarily through recurring annual health insurance premiums across customer segments, with corporate plans quote-based and sold through dedicated account executives. Enterprise customers include Nestlé, Honda, Glovo, Vitafoam, Olam, Standard Chartered, and AARANO. The company is regulated by the National Health Insurance Authority (NHIA) and complies with the Nigeria Data Protection Act 2023.
Nem Health Limited firmographics
Firmographics- Name
- Nem Health Limited
- Legal name
- Nem Health Limited
- Website
- https://nem-health.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Short description
- NEM Health Limited is a Nigerian HMO and subsidiary of NEM Insurance Plc, offering tiered health insurance plans to individuals, families, SMEs, corporates, seniors, and diaspora Nigerians via a 2,000+ hospital network across all 36 Nigerian states, supported by a mobile app and telemedicine platform.
- Ownership category
- akta.pro rank
Nem Health Limited industry classification
Industry- Product category
- Health Insurance
- NAICS
- Direct Health and Medical Insurance Carriers (524114)
- SIC
- Services-Health Services (8000)
- akta.pro primary industry
- Group HMO Plans (FSAIAFAK)
- akta.pro secondary industries
- Large Group Health Insurance (Mid-Market & National Accounts) (FSAIAFAE), Small Group Health Insurance (2–50/100) (FSAIAFAD)
Keywords
Where Nem Health Limited is headquartered
LocationHeadquarters
- HQ city
- Lagos
- HQ country
- Nigeria
- HQ region
- Africa
Offices11 records
Markets served
Nem Health Limited business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Health Insurance Premiums: NEM Health generates revenue through annual and bi-annual health insurance premium payments from individuals, families, SMEs, and corporate organizations. Premiums are based on plan tier (Lotus, Tulip, Hazel, Ivy, Marigold), coverage scope, number of enrollees, and benefits selected. The company offers flexible invoicing and secure payment channels tailored to client budget calendars.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Retail Lotus - Basic individual/family coverage with essential benefits |
| Subscription | Annual | Retail Tulip - Mid-tier family plan with maternity and dental coverage |
| Subscription | Annual | Retail Hazel - Premium family plan with private room access |
| Subscription | Annual | Retail Ivy - Comprehensive plan with specialist and fertility coverage |
| Subscription | Annual | Retail Marigold - Executive plan with international travel insurance |
| Subscription | Annual | SME Plans - Group health coverage for 6-19 members |
| Subscription | Annual | Corporate Plans - Enterprise health coverage for 20+ members |
| Subscription | Annual | Golden Care Plan - Senior healthcare coverage for ages 66-75 |
| Subscription | Annual | HomeReach Diaspora Plan - International coverage for Nigerian families |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
Nem Health Limited product offering
Product offeringCore offering
NEM Health Limited is a licensed Health Maintenance Organization that sells tiered health insurance plans (Lotus, Tulip, Hazel, Ivy, Marigold) for individuals/families, SMEs, corporate workforces, diaspora Nigerians, and seniors. Coverage is delivered through a network of 2,000+ hospitals and 2,500+ pharmacies across Nigeria and supported by a mobile app and 24/7 telemedicine services. Customers enroll via website, mobile app, physical offices, phone/WhatsApp, or corporate sales teams.
Product overview
NEM Health offers a comprehensive HMO platform with five core health insurance products: Corporate Health Plan (for organizations with 20+ employees), SME Health Plan (for groups of 6-19 members), Individual/Family Health Plan/Retail (for adults 18-64 and families), HomeReach Plan (diaspora-funded coverage for beneficiaries in Nigeria), and Golden Care Plan (for seniors aged 66-75). All plans feature tiered pricing structures (Lotus, Tulip, Hazel, Ivy, Marigold) with varying benefit limits and provider access levels. The platform is supplemented by a mobile application providing digital ID cards, provider lookup, bookings, claim submissions, and 24/7 telemedicine access. The network spans over 2,000 hospitals and 2,500 pharmacies across Nigeria.
Differentiator
Problem solved
Functional benefit
Products and services
- Corporate Health Plan Health insurance coverage designed for organizations with 20 or more employees, with tiered benefits (Lotus through Marigold+) covering inpatient/outpatient care, emergency services, maternity, diagnostics, and optional chronic care management. Plans can be customized by role or seniority and include unlimited annual benefit limits at higher tiers, with dedicated account executives for HR teams.
- SME Health Plan Scalable group health insurance for small businesses, NGOs, religious groups, and associations with 6-19 members, available in Lotus, Tulip, Hazel, Ivy, and Marigold tiers. Plans cover general consultations, emergency care, diagnostics, maternity, dental, vision, and chronic condition support, with quote-based pricing tailored to organization size, benefit structure, and coverage levels.
- Individual/Family Health Plan (Retail) Retail health insurance for individuals aged 18-64 and their families (including dependents and children 0-18), offered in five tiers: Retail Lotus (₦88,300/year), Retail Tulip (₦123,400/year), Retail Hazel (₦263,800/year), Retail Ivy (₦439,400/year), and Retail Marigold (₦790,500/year). Coverage spans consultations, diagnostics, medications, emergency care, specialist services, and tier-specific benefits such as maternity, dental, optical, fertility support, executive health checks, organ transplant support, and international travel insurance at higher tiers.
- HomeReach Plan Diaspora health insurance plan that lets Nigerians living abroad purchase and remotely manage health coverage for family members based in Nigeria. Three tiers (Tulip, Hazel, Ivy) are offered for ages 0-65 and 66-75, with annual USD pricing from $180 to $960, unlimited annual benefit limits, Nigeria-only coverage, and support for teleconsultations, emergency services, and chronic illness management.
- Golden Care Plan Senior health insurance for individuals aged 66-75, providing comprehensive coverage including private room admission, GP and specialist consultations, ICU coverage up to ₦1,000,000, emergency transportation, minor and intermediate surgeries, and chronic disease management. Priced at ₦1,000,000 annually for ages 66-70 and ₦1,500,000 for ages 71-75, with a ₦3,000,000 annual benefit limit.
- NEM Health Mobile App Mobile application for iOS and Android that enables enrollees to access digital ID cards, view policy details, locate providers, manage bookings, submit reimbursements, and access telemedicine services. Available on the Google Play Store and Apple App Store, with Android package com.nemhmo.mobile and App Store id 6445926672.
Quantifiable outcome
- Coverage begins within 48-72 hours after registration and payment confirmation
- +3 more outcomes
Companies that use Nem Health Limited
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles5 records
Nem Health Limited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature7 records
Nem Health Limited partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- NEM Insurance PlcflagshipNEM Health is the healthcare subsidiary of NEM Insurance Plc, one of Nigeria's leading insurance providers with over 70 years of heritage and ₦38 billion in assets. This parent company relationship provides NEM Health with strong brand credibility, financial backing, and operational infrastructure across Nigeria's insurance industry.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Nem Health Limited competitors and assessment
Company assessmentBroad incumbents
- AXA Mansard Health: Health insurance arm of AXA Mansard Insurance Plc, a leading Nigerian composite insurer. Offers overlapping HMO capabilities but as part of a broader life and general insurance portfolio rather than as an HMO specialist.
- Leadway Health: HMO division of Leadway Assurance Company, one of Nigeria's largest insurers. Comparable group health offerings but bundled within a wider insurance and pensions portfolio, with deeper capital backing than specialist HMOs.
Direct peers
- Avon Healthcare Limited: Nigerian HMO providing group, family, and individual health plans with a broad provider network across Nigeria. Comparable to NEM Health in tier-based plan design, NHIA licensing, and enterprise/SME focus.
- AIICO Multishield: HMO subsidiary of AIICO Insurance Plc, providing individual, family, and corporate health plans in Nigeria. Comparable as a parent-insurer-owned HMO with similar group plan structures and nationwide provider access.
- Reliance HMO: Tech-enabled Nigerian HMO offering health plans via mobile app, telemedicine, and direct-to-consumer enrollment. Comparable to NEM Health in product coverage and target segments but differentiated by a digital-first operating model.
- Hygeia HMO: One of Nigeria's oldest and largest HMOs, offering individual, family, corporate, and SME health plans with a nationwide provider network. Directly comparable to NEM Health in product structure, regulatory positioning, and target customer segments.
- Roding Healthcare Limited: Nigerian HMO providing individual, family, and corporate health plans. Comparable in NHIA licensing, tier-based plan offerings, and focus on corporate and SME employer segments in Nigeria.
- Mediplan Healthcare Limited: Nigerian HMO serving corporate and individual members with nationwide provider access. Comparable in NHIA-licensed HMO positioning, tiered plan design, and emphasis on employer-sponsored group plans.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Nem Health Limited compliance and trust
Trust signalCompliance2 records
Nem Health Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nem Health Limited leadership team
Management profileNumber of profiles
Nem Health Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nem Health Limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nem Health Limited
What does Nem Health Limited do?
NEM Health Limited is a licensed Health Maintenance Organization that sells tiered health insurance plans (Lotus, Tulip, Hazel, Ivy, Marigold) for individuals/families, SMEs, corporate workforces, diaspora Nigerians, and seniors. Coverage is delivered through a network of 2,000+ hospitals and 2,500+ pharmacies across Nigeria and supported by a mobile app and 24/7 telemedicine services. Customers enroll via website, mobile app, physical offices, phone/WhatsApp, or corporate sales teams.
Is Nem Health Limited a public or private company?
Nem Health Limited is a private company. It is classified as corporate owned and is currently operating.
When was Nem Health Limited founded?
Nem Health Limited was founded in 2022.
Where is Nem Health Limited based?
Nem Health Limited is headquartered in Lagos, Nigeria, in the Africa region.
How does Nem Health Limited make money?
One revenue line is on record: health Insurance Premiums.
Who are Nem Health Limited's main competitors?
Broad incumbents on record are AXA Mansard Health and Leadway Health. Direct peers are Avon Healthcare Limited, AIICO Multishield, Reliance HMO, Hygeia HMO, Roding Healthcare Limited and Mediplan Healthcare Limited.
Does Nem Health Limited have an API?
No public API is recorded for Nem Health Limited.
What industry is Nem Health Limited in?
Nem Health Limited's product category is Health Insurance. Its primary akta.pro industry code is FSAIAFAK, Group HMO Plans, with a secondary code of FSAIAFAE, Large Group Health Insurance (Mid-Market & National Accounts). Its NAICS code is 524114 and its SIC code is 8000.