Wapic In­sur­ance Harps on Sav­ings Cul­ture

THISDAY - - BUSINESS/ MONEY GUIDE - Nume Ekeghe

Wapic In­sur­ance Plc has said that its prod­uct called ‘Wapic Smart’ would help peo­ple achieve their fi­nan­cial goals seam­lessly.

In a state­ment ob­tained from the firm recently, Wapic said that the prod­uct would help to build a sus­tain­able sav­ings cul­ture par­tic­u­larly where it con­cerns spe­cific fi­nan­cial goals or ob­jec­tives.

The Man­ag­ing Direc­tor, Wapic In­sur­ance, Mrs. Yinka Adekoya, ob­served that it was dif­fi­cult to make progress with­out a plan and goals.

She said that Nige­ri­ans should not view sav­ing as some­thing to be done when there was ex­cess money, but as an ac­tiv­ity that is as im­por­tant as eat­ing food for sur­vival.

Ac­cord­ing to Adekoya, Wapic Smart prod­ucts would pro­vide more op­tions to choose from, with the ad­di­tion of a life in­sur­ance cover.

She ob­served that fi­nan­cial in­sti­tu­tions, from banks to in­sur­ance com­pa­nies, were daily clam­our­ing to sell the best sav­ings prod­uct, but few at­tached huge ben­e­fits to their of­fer­ings.

Adekoya said: “This is why it makes a lot of sense to say that Wapic has done its home­work by de­vel­op­ing prod­ucts that are tai­lored to­wards spe­cific needs and with en­tic­ing ben­e­fits to go with them.

“The prod­ucts ba­si­cally give one the chance of ef­fi­ciently amass­ing re­serves, to­wards meet­ing com­mit­ments, and car­ry­ing a life cover. So, this im­plies that for the pe­riod you save, you are cov­ered.”

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