Third party vehicle insurance up by 200% to N15, 000
By Motolani Oseni 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 […]