Wapic Insurance unveils motor, group life policy

WAPIC Insurance Plc, is set to transform the Nigerian insurance landscape with the recent unveiling of its revamped Motor Insurance. Similarly, its life subsidiary, Wapic Life Assurance Limited has also launched its revamped Group Life Insurance policy. The Motor insurance policy called “Moov” and the Group Life Policy we re-deigned to offer comprehensive cover for the insuring public as they hedge against the impact of risks and sudden losses.

According to the Deputy Group Managing Director, Wapic Insurance Plc, Mr. Bode Ojeniyi, “the MOOV Motor Insurance policy comes with four options, MOOV, MOOV Plus, MOOV Prestige and MOOV Luxury. Within each option, there is a menu of covers to choose from to suit your needs and budget. Each cover is priced separately and worked out by an automated calculator. There is room for flexibility as customers can choose to switch up within the main options available and in certain circumstances they can also switch down”

“The name ‘Moov’ is a compelling message which conveys the yearnings of our customer for progress in all sphere of life. At Wapic, we identify with the customers’ passion for progress hence we have designed this product to address that need through the value proposition, product branding and services that accompany Moov” he added

Speaking on the Group Life Product, the Managing Director, Wapic Life Assurance, Mr. Niyi Onifade stated that the Wapic Group Life insurance policy offers the Wapic advantage of affordability, early disability benefits, statutory compliance and prompt claims settlement. He stated that “for companies who choose the Wapic Life Assurance Group policy, affordability would entail that upon retirement, an employee can convert to individual life policy with Wapic at the same premium rate as Group Life cover which is much cheaper. Also in the event of permanent disability of an employee or on diagnosis of critical illness, Wapic will arrange for an exceptional payment of his/her benefits despite the fact that death has not occurred”

“As part of our service proposition, a Wapic Financial Service Adviser (FSA) would offer technical support to ensure the insured company meets all statutory requirements seamlessly. More importantly, you can rely on us (Wapic) to settle your claims within 48 hours” Mr. Onifade concluded

Speaking at the launch, the company’s Group Managing Director, Mr. Ashish Desai, stated that “MOOV our motor insurance product has been redesigned to address the yearnings of customers for budget and life style flexibility. An integral part of this product, is the fact that the customer can literarily custom-create his insurance cover. We have also made the product more accessible for the insuring public as there are now more product purchase channels”