Wapic Unveils Customised Motor, Group Life Insurance Policies
A FEW months ago, Wapic Insurance Group, a leading brand in Nigeria’s insurance market, announced its commitment to designing innovative and value-adding products and services to its numerous customers.
The insurance Group, true to its words, recently unveiled its custom designed MOOV ‘Motor Insurance” and Group Life Insurance policy by Wapic Life Assurance Limited.
The MOOV policy is a flagship product scheme to replace the old motor insurance product, whilst the Group Life Insurance covers members of any organisation who take up a life insurance policy under a group scheme. Both policies are geared towards ensuring greater flexibility and convenience for the insuring public.
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.”
Ojeniyi stressed that the insurance policy provides cover for private vehicles; minimum cover, which comes at no extra cost and available extra covers which comes with additional premiums.
“The name ‘MOOV’ brings the concept of progress to life with our compelling Wapic message through a carefully crafted identity and packaging for the product.”
MOOV is designed to align with lifestyle and essentials needs. It is also considered as an innovative and budget-driven insurance solution, which provides customers with required necessary financial protection for their valuable assets—family, property and other interests.
Speaking on Group Life, 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 the existing Group Life cover which is much cheaper.
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