Wapic Insurance has introduced a scheme through which it would refund premiums to its motor insurance customers to cushion the effect of COVID-19.
Ms Mary Agha, Company Secretary, Wapic Insurance, said the company took the decision because most drivers were stuck at home and unable to drive their vehicles due to the COVID-19 lockdown policy.
She said Wapic was passing the benefit of reduced motor insurance claims during this period onto its existing policy holders, and that the refund would automatically be credited to customers with active policies at the end of the lockdown period.
“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.
“The insurer takes pride in always putting customers first and continually improving its services to deliver a unique and excellent customer experience,” Agha said in a statement posted on the website of the Nigerian Stock Exchange (NSE).
Mr Aigboje Aig- Imoukhuede, Wapic’s outgoing Chairman, was quoted by the statement as saying that, the company understood the plight of its customers.
“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.
“We want our customers to know they can Rest Assured and we will defeat this pandemic together,” Aig-Imoukhuede 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.
By Tanko Mohammed
