Wapic Insurance Plc has said it is championing the course of encouraging Nigerians to cultivate good savings culture with its array of SMART Products targeted at not only giving competitive interest rate to consumers but also offering free life insurance cover to savers.
To this end, the company said it had resolved to push these investment-related products into the market this time because considering that in the face of the prevailing economic recession in Nigeria, savings have become pretty difficult for the people therefore it takes reasonable incentives that surpasses interest on bank fixed deposit to convince savers to stake their hard earned money.
The Managing Director of Wapic Life Insurance, Rantimi Ogunleye, explained how savings through the company’s various smart products work stated: â€œSo hereâ€™s how it works; you want to save towards a short term goal, you choose the plan that works for you depending on your need. An account is then created for you and you save monthly. Now for the period of your plan you have life insurance cover!â€
Ogunleye said the products, which are classified under Wapic Smart Investment-linked products, are designed to cater for the protection and needs of individuals, families and businesses.
Ogunleye also said the company resolved to splash the investment linked products into the market this time because it is aware that a good insurance plan is the key to achieving successful living and so has 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 address risk concerns would ensure that the policyholder remains a step ahead,â€ he added.