Wapic Insurance has launched into the market, new products that guarantee attractive and competitive interest rate, as well as highly minimized risk for prospective policy holders.
The new products according to Wapic, are classified under Wapic Smart Investment-linked Products designed to cater for the protection and goal oriented needs of individuals, families and businesses.
The Wapic Smart Investment-linked products includes: 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 on Wednesday in Lagos, Yinka Adekoya, Managing Director of Wapic Insurance Plc stated that “it is difficult to make progress without a plan and set 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”
The Smart Life+ Plan according to Adekoya, is an insurance solution that provides the insurer an opportunity of systematically accumulating funds towards meeting short term obligations and emergencies. The Wapic Smart Life+ Plan uses an insurance vehicle that provides needed control to guide the customer towards achieving set goals as well as guarantees the policy holder a more competitive interest rate, withdrawals without being penalized and a free life insurance cover.
Every caring parent according to him, wants the best for their ward, but because life is full of uncertainties and even the best laid plans can go wrong or as mortals, the insurer is no longer there for them.
“A careful financial planning can help you fulfill the aspiration that you have for your children. The Wapic Smart Scholars Plan is an insurance solution that provides the opportunity to save funds towards financing your child’s education and offers embedded insurance protection against the risk of demise and permanent disability on the life of either or both parents.
“It guarantees payment of the school fees whether or not the parents are alive, subject to the limit of a chosen targeted sum. The policy is written in the name of the child and provides a medical expense cover for the child as a result of accident while in school. It also provides a cash award for the child if he or she is best in class,” he explained.
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