17th January 2025 2:41:47 PM
1 min readA notice from SIC Insurance PLC has revealed that the National Insurance Commission (NIC) has revised premiums for third-party motor insurance.
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According to SIC, the 10% increase in rates will be implemented starting Saturday, February 1, 2025.
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Below is an excerpt from the SIC Insurance circular:
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Dear Valued Client,
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Best wishes for the New Year!
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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.
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Thank you for choosing SIC Insurance PLC!
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