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New premium rates for motor insurance’

Insurance, News

Third-party vehicle insurance premium now N15,000- NAICOM

The National Insurance Commission has raised the premium for third-party motor insurance premium from N5,000 to N15,000 effective January 1, 2023. NAICOM disclosed this in a circular with the number ‘NAICOM/DPR/CIR/46/2022 to all insurance companies titled ‘New premium rates for…

NewsDirect
December 24, 2022