Third-party motor insurance premiums up by 10%

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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 per cent 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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