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THIRD PARTY

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    Monday AshibogwuDecember 24, 2022
    347

    NAICOM raises Third Party Vehicle Insurance from N5,000 to N15,000

    The National Insurance Commission (NAICOM) has raised Third Party insurance cover for motorists from N5,000 to N15,000 yearly with effect from January 2023. The approval is contained in a circular: NAICOM/DPR/CIR/46/2022 addressed to insurance companies and dated Dec. 22, 2022. It was titled: New Premium Rate for Motor Insurance and signed by the Director, Policy and Regulation, NAICOM, Mr Leo…

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