Risk Insured, Rest Assured Proprietary& Confidential

OCTOBER, 2016

Wapic Life Assurance LimitedPresentation of New Life Products

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Corporate philosophy

Our VisionTo transform and illuminate the insurance industry for the benefit of our customers and other stakeholders.

Our MissionTo lead in all that is worthy.

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Our Values

Excellence– We pay attention to detail

Professionalism– We operate under the highest of standards

Innovation– We find new ways to add value

Sustainability– We touch lives positively

Teamwork– We work together to deliver

Leadership– We lead by example

Empathy– We are passionate about our customers

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Outline

Introduction

New products features

– Wapic SMART Life+ Plan

– Wapic SMART Seniors Plan

– Wapic SMART Scholars Plan

Policy Inception Process

Claims Process

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Introduction

As part of our transformation exercise, we recently conducted an in-depth analysis of the needs of Nigeria’s consumer markets in the areaof insurance product and services with the primary aim of having aproper understanding of the beliefs, behaviours and buying decisionsof the insuring public in order to proffer value propositions andinsurance solutions that are customer-centric.

Consequently, we have reviewed and rebranded all our existingproducts and designed new products in line with our findings. Thiswill enable us pursue our goal for retail expansion and aspiration forthe Life portfolio.

The following slides detail the features of the various products andtheir respective benefits.

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Wapic Smart Life+ PlanThis 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

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Why Smart Life+ Plan?

Saving toward a specific goal requires a lot of discipline. Considering thevarious channels available through which you can make withdrawals fromyour regular savings, using an insurance vehicle provides that neededcontrol which will guide you toward achieving your set goal. In addition toenjoying investment returns on your savings, Wapic Smart Life+ Plan alsoprovides you the opportunity of having an insurance solutions.

Scope of Cover:Demise, absolutely FREE! Your principal is also guaranteed!!

Table of Benefits

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Features & Benefits

Features o Minimum annual contribution: N60,000o Entry age: 18-54 yearso Part withdrawal: Up to 85% of accumulated principal

(Note: Interest not applicable for withdrawals in Year 1)

o Premium payment frequency: Flexibleo Return on investment: Index linkedo Additional cover: permanent disability, critical illness and medical

expenses as a result of accident (at a cost)

Benefitso Enjoy FREE life cover of up to N500,000o No underwriting for your convenience o Flexible but high return on investmento A vehicle toward achieving short term financial goals and needs o Succour in the event of demiseo Premiums are tax deductible

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Wapic Smart Seniors PlanThis is an insurance solution that provides you the opportunity to save funds

toward retirement with an embedded insurance cover.

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Why Smart Seniors Plan?

Retirement is a sweet haven only for a prepared person! Financialplanning toward retirement in this economy could pose a challenge,requiring a lot of discipline to achieve. Considering the various channelsavailable through which you can make withdrawals from your regularsavings, using an insurance vehicle provides that needed control which willguide you toward achieving this golden goal. In addition to enjoying returnon your savings, Wapic Smart Seniors also provides the opportunity ofhaving an insurance solutions.

Scope of Cover:Demise, Permanent Disability and Critical Illness

Benefits Payable:

Maturity: Investment Account Balance

Permanent Disability: 200% of Sum Assured plus Account Balance

Demise: Sum Assured plus Account Balance

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Features & Benefits

Featureso Minimum annual contribution: N120,000o Minimum duration: 5 yearso Entry age: 18-60 yearso Part withdrawal: Up to 25% of accumulated principal after 2 yearso Premium payment frequency: Flexibleo Life cover: 20 times annual contribution, subject to a minimum of N100,000

& maximum of N20,000,000o Medical examination: Not required

Benefitso No underwriting for your convenience o Return on Investment: Flexible but high returno 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)o Permanent Disability Benefit: 200% of the sum assuredo In the event of demise, the sum assured together with the account balanceo Succour in the event of demise, permanent disability or critical illnesso Premiums are tax deductible

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Wapic Smart Scholars PlanThis is an insurance solution that provides you the opportunity to save funds toward financing your child’s education and 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

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Why Smart Scholars Plan?

The demise of a parent/sponsor is a tragic event which adversely affects theeducation and future financial security of the child. Not putting adequateplan in place to edge against this risk could present a circumstance that istoo hot to handle. Wapic Smart Scholars Plan is a means of transferringthat risk to Wapic. It ensures your child is financially protected andeducation guaranteed; that ultimately gives you rest of mind.

Scope of Cover:Demise and Permanent Disability

Benefits Payable:

Maturity: Investment Account Balance

Permanent Disability: Family Income, Premium Waiver plus Account

Balance at Maturity

Demise: Sum Assured, Family Income, Premium Waiver plus Account

Balance at Maturity

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Features & Benefits

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

Benefitso Return on Investment: Flexible but high returno Accidental Medical Expenses (child): Up to N50,000 payable once in a yearo Academic Award (Best in Class): Up to 10% of your annual contribution,

subject to a maximum of N20,000 (payable once)o Premium Waiver: Subject to no outstanding premium at the time of demiseo Maturity Benefit: Applied toward payment of the child’s school feeso Family Income Benefit: 10% of life covero Permanent Disability Benefito Life Cover: Payable in the event of demiseo Succour in the event of demise, permanent disability or Accidental while the

child in in schoolo Premiums are tax deductible

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Processes

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Policy Inception Process

Client provides Wapic

Life with the required

information for premium

computation

Wapic Life computes the

appropriate premium

payable

Client agrees with the

premium and make

payment to Wapic Life

Wapic Life advises

policyholder to undergo

medical examination (where

necessary)

Client fills the required

Proposal Form and

supplies the necessary

KYC documents

Wapic Life issues applicable

policy document

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Claims Process

Claimant informs Wapic

Life of a claim

Wapic Life acknowledges and

request for substantiating

documents

Claimant provides the

required claims documents

Wapic Life pays the benefits to the

claimant

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All the Best

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