The Police commenced full enforcement of the Third-Party Motor Vehicle ... through the National Insurance Commission (NAICOM) in December 2022 reviewed the premium rate for motor insurance in ...

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 ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. A third-party car insurance plan ...

has directed insurance companies in the country to increase Third Party Motor Insurance premium rate to N15,000 from N5000 at which it is currently sold from January 2023. NAICOM also directed ...

the Commission hereby issues this circular on the new motor insurance premium rates effective from Jan. 1, 2023,’’ it stated. The commission also stated that the Third Party Property Damage ...

Holders of third party insurance policy can now claim as much as N3 million if involved in an accident. This is because the National Insurance Commission (NAICOM) has increased premium rate on all ...