Vehicle Insurance: WAPIC To Refund Premiums During Lockdown

Wapic Insurance Plc, one of Nigeria’s leading underwriters, is blazing the trail in the industry by offering customers refunds on their insurance premiums.

In a statement, the company noted that the gesture, which is an act of empathy, is intended for its vehicle policy holders who are stranded following the Covid-19 pandemic stay at home order.

According to the statement, “Beyond financial and other contributions the company is making to fight the Covid-19 pandemic, Wapic is serious about supporting its customers, particularly the most vulnerable, during this difficult time.”

“Wapic is passing the benefit of reduced motor insurance claims during this period onto our existing policy holders. The refund will automatically be credited to customers with active policies at the end of the lockdown period. The statement further read.

The company’s outgoing Chairman, Aigboje Aig-Imoukhuede, noted that the gesture is in recognition of the plight of customers at this critical time.

“We know that our customers are experiencing unprecedented circumstances and many are struggling to cope, we want to recognise the sacrifice you are making by driving significantly less as you support our country’s objectives in flattening the curve of the pandemic. He 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 risk products for individuals.

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