Wapic Insurance Offers Health Workers 15% Premium Rebates

In its bid to help cushion financial hardships associated with the lockdown arising from the Coronavirus (COVID-19) pandemic, the management of Wapic Insurance Plc, on Monday announced an offer of 15% discount to health workers on new policies to health workers across the country.
The discount on insurance cover taken up in 2020, according to a statement by Mary Agha, the company secretary, covers personal accident, householder insurance, and motor insurance, adding that the offer is for the tenor of the policies.
The stated quoted the Managing Director, Mrs. Adeyinka Adekoya, as saying the “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”.
The discount, which does not apply at renewal, in line with regulations, is coming a week after Wapic Insurance announced a refund of premium paid by customers with active motor vehicle policies during the lockdown period
The initiative to give refunds to its motor insurance policyholders, estimated at millions of Naira in premium revenue from Wapic Insurance will ensure 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 said it has been at the forefront of Insurance sector contributions towards the fight against the Covid-19 virus, contributing N40m to the Federal Government’s Covid-19 response effort.
“Wapic is also one of the insurance companies underwriting free health cover for Nigeria’s 5000 health workers,” which it explained, demonstrates a commitment to sustainable business practices by fighting the pandemic through its core underwriting products and services
Wapic Insurance restated its commitment to rolling out more socially responsible and development focused initiatives using its capital, products, and services during these challenging times.