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Boosting Motor Third Party Insurance

Boosting Motor Third Party Insurance
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NAICOM approves N15,000 premium for private motor third party policy from January 1, 2023

The National Insurance Commission (NAICOM) has said from January 1, 2023, private third-party motor insurance policy premiums will be N15,000 as against the N5,000 present rate. The approval was contained in a circular entitled; New Premium Rate for Motor Insurance: numbered: NAICOM/DPR/CIR/46/2022, dated, December 22, 2022; signed by the Director, Policy, and Regulation, NAICOM, Leo […] ....

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