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  • Smart Life Plan

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    Smart Life

    Wapic Smart Life Plan is an insurance solution that provides you the opportunity to save funds towards specific goals with an embedded insurance cover

    Features

    • Minimum annual contribution: N120,000
    • Minimum duration: 3 years
    • Entry age: 18-62 years
    • Part withdrawal: Up to 50% of accumulated principal after 2 years
    • Premium payment frequency: Flexible
    • Return on investment: Index linked Features
    • Life cover: 20 times annual contribution, subject to a minimum of N100,000 & maximum of N10,000,000

    Benefits

    • Enjoy life cover while saving toward financial goal
    • Limited underwriting for your convenience
    • Flexible but high return on investment
    • A vehicle toward achieving financial set goals
    • Security for obtaining loan facility from Financial institutions
    • Succour in the event of demise or permanent disability
    • Premiums are tax deductible

    To enjoy these benefits?

    • Complete the application form
    • Effect premium payment
    • Provide the required documentation
    • Observe the terms and conditions outlined in the policy document.

    Documentation

    • Recent passport photograph
    • Means of identification: Nigerian Driver's License, National ID card, International Passport, Voters Registration Card
    • Evidence of utility bill payment such as PHCN, Water Rates etc

  • Smart Life+ Plan

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    Smart Life+ Plan

    Wapic Smart Life+ Plan is an insurance solution that provides you the opportunity of systematically accumulating funds toward meeting short-term obligations and emergencies with an embedded free life cover. Yes, FREE life cover!

    Features

    • Minimum annual contribution: N60,000
    • Minimum duration: 1 year
    • Entry age: 18-54 years
    • Part withdrawal: up to 85% of accumulated principal; however, interest will be affected
    • Premium payment frequency: Flexible
    • Return on investment: Index linked

    Benefits

    • Enjoy FREE life cover of up to N2 million while saving toward financial goal
    • No underwriting for your convenience
    • Flexible but high return on investment
    • Vehicle toward achieving short term financial goals and needs
    • Succour in the event of demise
    • Premiums are tax deductible

    To enjoy these benefits?

    • Complete the application form
    • Effect premium payment
    • Provide the required documentation
    • Observe the terms and conditions outlined in the policy document.

    Documentation

    • Recent passport photograph
    • Means of identification: Nigerian Driver's License, National ID card, International Passport, Voters Registration Card
    • Evidence of utility bill payment such as PHCN, Water Rates etc

  • Smart Senior Plan

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    Smart Senior Plan

    Wapic Smart Seniors Plan is an insurance solution that provides you the opportunity to save funds toward a retirement with an embedded insurance cover.

    Features

    • Wapic Smart Seniors Plan is an insurance solution that provides you the opportunity to save funds toward a retirement with an embedded
    • Insurance cover.
    • Minimum annual contribution: N60,000
    • Minimum duration: 5 years
    • Entry age: 18-60 years
    • Part withdrawal: up to 25% of accumulated principal after 2 years
    • Premium payment frequency: Flexible
    • Life cover: 20 times annual contribution
    • Subject to a minimum of N100,000 & maximum of N20,000,000
    • Medical examination: not required

    Benefits

    • No underwriting for your convenience
    • Return on Investment: Flexible but high return
    • Critical Illness Benefit: FREE up to 25% of sum assured (if policy duration is over 5 years and there is no withdrawal in the first 5 years)
    • Permanent Disability Benefit: 200% of the sum assured
    • In the event of demise, the sum assured together with the account balance
    • Succour in the event of demise, permanent
    • Disability or critical illness
    • Premiums are tax deductible

    To enjoy these benefits?

    • Complete the application form
    • Effect premium payment
    • Provide the required documentation
    • Observe the terms and conditions outlined in the policy document.

    Documentation

    • Recent passport photograph
    • Means of identification: Nigerian Driver's License, National ID card, International Passport, Voters Registration Card
    • Evidence of utility bill payment such as PHCN, Water Rates etc

  • Smart Scholar Plan

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    Smart Scholar Plan

    How excited will your child be knowing that he/she has an education plan written in his/ her name! Wapic Smart Scholars Plan is an insurance solution that provides you the opportunity to save funds toward financing your child’s education with an embedded insurance protection against the risks of demise or permanent disability on the lives of either or both parents. The policy is written in the name of your child, as the policy owner, and also provides a medical expense cover for the child, as a result of accident while in school. What’s more – There is a cash benefit for your child should he/she be best in class!

    Features

    • Minimum annual contribution: N60,000
    • Minimum duration: 5 years
    • Entry age: 18-60 years
    • Part withdrawal: Up to 25% of accumulated principal after 2 years
    • Premium payment frequency: flexible
    • Life cover: 200% of annual contribution, subject to a maximum of N5 million
    • Medical examination: Subject to total sum at risk

    Benefits

    • Return on Investment: flexible but high return
    • Accidental Medical expenses (child): up to N50,000 payable once in a year
    • Academic Award (best in Class): Up to 10% of your annual contribution, subject to a maximum of N20,000 (payable once)
    • Premium Waiver: Subject to no outstanding premium at the time of demise
    • Maturity benefit: Applied toward payment of the child’s school fees
    • Family Income benefit: 10% of life cover
    • Permanent Disability benefit: 200% of the sum assured

    To enjoy these benefits?

    • Complete the application form
    • Effect premium payment
    • Provide the required documentation
    • Observe the terms and conditions outlined in the policy document.

    Documentation

    • Recent passport photograph
    • Means of identification: Nigerian Driver's License, National ID card, International Passport, Voters Registration Card
    • Evidence of utility bill payment such as PHCN, Water Rates etc

  • Smart Wealth Plan

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    Smart Wealth Plan

    Wapic Smart Wealth Plan is an insurance solution that provides you the opportunity of investment and embedded insurance protection against the risks of demise. The insurance premium is deducted within the period of investment but insurance cover is for life! Yes, cover for life, even when you have taken the maturity proceed!!

    Features

    • Minimum annual contribution: N5 million
    • Minimum duration: 5 years
    • Entry age: 20-60 years
    • Part withdrawal: up to 50% of accumulated principal after 2 years
    • Premium payment frequency: quarterly, half-yearly or annually; up to ages 45, 50, 55, or 65
    • Life cover: 20 times annual contribution, subject to a minimum of N2.5 million and a maximum of N20 million
    • Medical examination: not required

    Benefits

    • Enjoy life cover beyond duration of the policy
    • Return on investment: Flexible but high (linked to FGN bonds)
    • Critical Illness Benefit: Up to 70% of sum assured; balance payable in the event of demise
    • Life Cover: Payable in the event of demise
    • Succour in the event of demise
    • Premiums are tax deductible

    To enjoy these benefits?

    • Complete the application form
    • Effect premium payment
    • Provide the required documentation
    • Observe the terms and conditions outlined in the policy document.

    Documentation

    • Recent passport photograph
    • Means of identification: Nigerian Driver's License, National ID card, International Passport, Voters Registration Card
    • Evidence of utility bill payment such as PHCN, Water Rates etc