A circular by the State Insurance Corporation (SIC) Insurance PLC has indicated the National Insurance Commission (NIC) has reviewed third-party motor insurance premiums.
The 10 percent upward adjustment, SIC went on, will take effect from Saturday, February 1, 2025.
See part of SIC Insurance’s circular below:
Dear Valued Client,
Best wishes for the New Year!
We wish to inform you that the National Insurance Commission has reviewed Third-Party Motor Insurance premiums, with a 10% upward adjustment. This change will take effect from February 1, 2025.
Thank you for choosing SIC Insurance PLC!
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