Wapic Insurance poised to encourage savings culture

Target Savings has become a widely accepted approach to building a sustainable savings culture particularly where it concerns specific financial goals or objectives. If this culture becomes part of us as people,  many will no longer  view savings as something to be done when there is excess money, but as important as eating food for survival.

Maybe not the first to sell the target savings products, but Wapic with its new SMART products definitely provides more options to choose from, topped with the life insurance cover that come with the product.

Speaking at the Launch of the SMART Products, Yinka Adekoya, managing director of Wapic Insurance Plc stated that “it is difficult to make progress without a plan and goals”.

Financial institutions from banks to insurance companies are daily clamoring to sell the ‘best’ however very few tie as much benefits to their offerings considering that savings is not what Nigerians are naturally inclined to. This is why it makes a lot of sense to say that Wapic has done its homework by developing products that are tailored to specific needs and with enticing benefits to go with them. The products basically gives one the chance of efficiently amassing reserves toward meeting specific needs as well as life cover. So this implies that, for the period you save you are covered.

There is no doubt that saving toward a particular objective requires of self-discipline, yet considering the different channels accessible through which you can make withdrawals from your savings, utilizing an insurance vehicle such as the SMART plan gives the expected control.