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    Suspected herdsmen ambush Benue policemen, kill DPO

    Suspected herdsmen ambush Benue policemen, kill DPO

    Nigerians will soon know the “actual truth” about Atiku – Gov Wike

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    Tinubu speaks like someone with “incoherent discourse and absence of mind” – PDP

    PDP condemns Tinubu’s ‘sponsored’ attack on Buhari in Kano

    Security features of the new naira notes revealed by the CBN

    DSS intercepts syndicates selling new naira notes, bank officials implicated

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

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    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

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    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

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    • Forex
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    Building a Successful Business Organization: Lessons from the Bible

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    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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Covid-19 Palliative – Wapic Assurance Plc Refunds Motor Vehicle Insurance Premiums

Thursday, 23 April 2020, 1:03 pm
in Business, Companies
2
Covid-19 Palliative – Wapic Assurance Plc Refunds Motor Vehicle Insurance Premiums
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On Thursday, Wapic Assurance Plc became the first insurance company in Nigeria to announce the refund of insurance premiums for motor vehicle insurers. In an effort to alleviate the hardship caused by the Covid-19 lockdown.

 “The refund will automatically be credited to customers with active policies at the end of the lockdown period” Wapic Insurance Plc is passing the benefit of reduced motor insurance claims during this period onto our existing policy holders the press release said.

  • Read also N780.926 billion shared by FG, States and LGs for march 2020 allocation

“This act of empathy is made in line with Wapic’s understanding that most drivers are stuck at home and unable to drive their motor vehicles in line with the Covid-19 pandemic stay at home policy” the underwriters said in a press release made available to the Nigeria Stock Exchange (NSE) and the investing public.

Wapic’s outgoing Chairman Mr Aigboje Aig-Imoukhuede advised, “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 be rest assured that we will defeat this pandemic together.”

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.

  • Read More: Implications of increasing Covid-19 cases

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

The Company’s 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.

In addition Wapic Assurance is a listed company on the Nigeria Stock Exchange, with NSE-Ticker – WAPIC. It has 23,991,679,506 outstanding shares with N6,477,753,466.62 market capitalization. It is currently trading at N0.27 on the floor of exchange.

 

Written by:

Ifunanya Ikueze

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  1. Pingback: Coronavirus – Nigeria Records 108 New Cases. – Investogist
  2. Best Banks Near Me says:
    2 years ago

    Hello. This post was extremely interesting, particularly
    because I was looking for thoughts on this
    topic last Thursday.
    King regards,
    Thompson Zacho

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