…as Wapic rolls out innovative solutions
To achieve you life goals require planning ahead through effective financial planning. So, to makes these plans either short, medium or long term goals work, one must take into cognizance the fact that there are disrupting factors or unexpected developments that could cut these dreams just.
This is where insurance comes in, not just as a tool for financial planning, but a unique one that in the event of the unexpected happening the insured’s goal is not cut short, particularly on the dependants.
Wapic Insurance Plc concerned about the need of consumers has come up with financial planning solutions that give peace of mind and guarantee to its teaming customers.
The company recently came out with four smart investment-linked products designed to cater for the protection and goal oriented needs of individuals, families and businesses. The products include the Smart Life plan, Smart Life+ plan, Smart Scholar plan, Smart Senior plan and the Smart Wealth plan. These plans come with the dual appeal of flexibility and convenience, focused mainly on the family, education, retirement, short and medium term plans.
Speaking at the launch of the products, Yinka Adekoya, managing director of Wapic Insurance Plc stated that “it is difficult to make progress without a plan and goals. For us at Wapic, we know that a good insurance plan is key to achieving successful living and so we have developed a variety of insurance solutions to address critical customer needs.
“We are confident that these products which offer competitive rates, more added benefits and adequately addresses risk concerns would ensure that the policyholder remains a step ahead”
Wapic Smart Life Plan
Wapic Smart Life Plan is an insurance solution that provides you the opportunity to save funds towards specific goal with an embedded insurance cover. Saving toward a specific goal requires a lot of discipline. Considering the various channels available through which you can make withdrawals from your regular savings, using an insurance vehicle provides that needed control which will guide you toward achieving your set goal. In addition to enjoying investment returns on your savings, Wapic Smart LifePlan also provides you the opportunity of having an insurance solution covering the risks of demise and permanent disability.
Wapic Smart Life+ Plan
Wapic Smart Life+ Plan is an insurance solution that provides you the opportunity of systematically accumulating funds toward meeting short-term obligations and emergencies with an embedded free life cover. Saving toward a specific goal requires a lot of discipline. Considering the various channels available through which you can make withdrawals from your regular savings, using an insurance vehicle provides that needed control which will guide you toward achieving your set goal. In addition to enjoying investment returns on your savings, Wapic Smart Life+ Plan also provides you the opportunity of having an insurance solution covering the risks of demise while your principal is also guaranteed.
Wapic Smart Seniors Plan
Wapic Smart Seniors Plan is an insurance solution that provides you the opportunity to save funds toward a retirement with an embedded insurance cover. Retirement is a sweet haven only for a prepared person! Financial planning towards retirement in this economy could pose a challenge, requiring a lot of discipline to achieve. Considering the various channels available through which you can make withdrawals from your regular savings, using an insurance vehicle provides that needed control which will guide you toward achieving this golden goal. In addition to enjoying return on your savings, Wapic Smart Seniors Plan also provides you the opportunity of having an insurance solution covering the risks of demise, permanent disability and critical illness.
Wapic Smart Scholars Plan
Wapic Smart Scholars Plan is an insurance solution that provides you the opportunity to save funds toward financing your child’s education and embedded insurance protection against the risks of demise or permanent disability on the lives of either or both parents. The policy is written in the name of your child, as the policy owner, and also provides a medical expense cover for the child, as a result of accident while in school. There is also cash benefit for your child should he/she be best in class! How excited will your child be knowing that he/she has an education plan written in his/her name!
Why this plan. The demise of a parent/sponsor is a tragic event which adversely affects the education and future financial security of the child. Not putting adequate plan in place to edge against this risk could present a circumstance that is too hot to handle. WapicSmart Scholars Plan is a means of transferring that risk to Wapic. It ensures your child is financially protected and education guaranteed; that ultimately gives you rest of mind.
Wapic Smart Wealth Plan
Wapic Smart Wealth Plan is an insurance solution that provides you the opportunity of investment and embedded insurance protection against the risks of demise. The insurance premium is deducted within the period of investment but insurance cover is for life! Financial planning requires a lot of discipline to achieve the set goals. Considering the various channels available through which you can make withdrawals from your regular savings, using an insurance vehicle provides that needed control that can guide you toward achieving your financial objectives. Wapic Smart Wealth Plan provides you, in addition, the benefit of an insurance cover for life even when premium is deducted from your contribution only within the investment period.
Wapic Insurance Plc. (“Wapic” or “the Company”) is a leading West African multi-line insurance company providing innovative solutions covering life, general and special risks. Established in 1958 and listed on the Nigerian Stock Exchange since 1990, Wapic’s mission is to transform into a diversified financial services institution, delivering value in a sustainable manner to her customers and stakeholders while playing a lead role in the transformation of the industry.
With headquarters in Lagos, Nigeria, Wapic is organized into two core business segments, General and Life Insurance. The Company has two wholly owned subsidiaries, Wapic Life Assurance Limited and Wapic Insurance (Ghana) Limited as well as an associated company, Coronation Merchant Bank Limited.
Through a diverse portfolio of products and a commitment to providing the best customer experience possible, Wapic, with an AM Best Financial Strength rating of “C++” and an Issuer Credit rating of ‘b+”, has significantly enhanced its underwriting capacity placing it among the top five insurance companies in Nigeria by solvency and capital.
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