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In Stunning Move, WAPIC Insurance Says It Will Refund Motor Insurance Premiums

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Nigeria’s WAPIC Insurance says that it will issue motor insurance premium refunds to its customers. WAPIC, which is publicly listed on the Nigerian Stock Exchange said that the move is in line with its commitment to customers whose vehicular movement has been restricted by the government’s stringent COVID-19 pandemic lock down policies.

WAPIC’s Chairman Aigboje Aig-Imoukhuede said: “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. WAPIC is passing the benefit of reduced motor insurance claims during this period to our existing policy holders. This refund will automatically be credited to customers with active policies at the end of the lock down period.”

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