As part of efforts to encourage savings culture among target audience, Wapic Insurance has introduced a new product known as the ‘Wapic Smart Seniors Plan,’ targeted at senior citizens.
In a statement recently, the company described the new product as an insurance solution that provides one the opportunity to save funds toward a retirement with an insurance cover.
Commenting on this, the Managing Director, Wapic Life Assurance, Mr. Rantimi Ogunleye, said: â€œRetirement is a sweet haven only for a prepared person. Financial planning toward retirement in this economy could pose a challenge, requiring a lot of discipline to achieve.
“Considering the various channels available through, which one can make withdrawals from their regular savings, using an insurance vehicle such as the Smart Seniors plan provides that needed control, which will guide one towards achieving this golden goal.â€
In addition to enjoying return on oneâ€™s savings, â€˜Wapic Smart Seniors Planâ€™ also provides the opportunity of having an insurance solution covering the risks of demise, permanent disability and critical illness.
Ogunleye also said that benefits of the insurance plan include no underwriting for your convenience; critical illness benefit and permanent disability benefit.