COVID-19: Wapic Insurance offers 15% premium rebate to health workers

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Adeyinka Adekoya

WAPIC Insurance Plc has offered health workers across the country 15 per cent discount on new policies taken up in 2020, to help cushion financial hardship associated with the COVID-19 pandemic.

The company made this known on Monday in a statement signed by Ms Mary Agha, its Company Secretary, and posted on the Nigerian Stock Exchange (NSE) website.

It said the rebate to health workers covered personal accident, householder insurance and motor insurance.

According to the company, discounts, in line with regulations, do not apply at renewal.

Mrs Adeyinka Adekoya, the company’s Managing Director, was quoted in the statement as saying that the corporate gesture was in appreciation of the noble effort of health workers.

“This corporate gesture is in appreciation of the noble effort of our health workers, who are in the frontline of the battle against the COVID-19 pandemic.

“Last week, the insurer announced a pioneering initiative costing millions of naira in premium revenue that will give refunds to its motor insurance policy holders.

“The offer from Wapic Insurance ensures that customers with active policies are automatically credited with refunds based on the lockdown period.

“Since the outbreak of the pandemic in Nigeria, Wapic Insurance has been at the forefront of insurance sector contributions toward the fight against the COVID-19 virus.

“The company has contributed N40 million to the Federal Government’s COVID-19 response effort,” she said.

According to her, Wapic is also one of the insurance companies underwriting free health cover for Nigeria’s 5,000 health workers.

“Most importantly, the company is demonstrating its commitment to sustainable business practices by fighting the pandemic through its core underwriting products and services.

“Wapic Insurance is committed to rolling out more socially responsible and development focused initiatives, using its capital, products and services during these challenging times,” Adekoya said.

Wapic Insurance Plc is engaged in the business of underwriting life and non-life insurance risks for corporate and individual customers, and also provides investment products for individuals.

The company’s range of insurance services include motor, general accident, fire, engineering, special risk, marine and group life insurance for the risk management of businesses and individuals.

Its general business is conducted by Wapic Insurance Plc and Wapic Insurance Ghana Limited.

The company’s life business is conducted by Wapic Life Assurance Limited. (NAN)

– May 4, 2020 @ 11:22 GMT |

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