Insurance premiums for minibuses down to 60%

Insurance premiums for minibuses has gone down to 60 per cent due to the change of the laws because of the covid-19 strict preventive measures.

UGI chief executive officer Bywell Chiwoni: We have agreed

This means that in times of an accident, insurance companies can only pay up to 60 per cent of the premiums.

This comes at a time when minibus operators in some areas are protesting the government decision to reduce sitting capacity of their minibuses to 60 per cent as a covid-19 preventive measure.

Director of Road Traffic and Safety Services, Fergus Gondwe said at a press briefing that insurance premiums for passenger vehicles have been reduced to 60 percent effective today.

Insurance Association of Malawi, Bywell Chiwoni, says they have agreed to reduce the premiums after being approached by the ministry.

Chiwoni says if minibus operators do not comply with the 60-percent-capacity rule, insurance companies will only be responsible for 60 percent and leave out the rest.

Meanwhile, Chairperson of the Minibus Owners Association of Malawi, Felix Mbonekela, has urged minibus owners to comply with the measures put in place and to always give accurate information to insurance companies.

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Muruwaniwa
Muruwaniwa
6 months ago

There is nothing to celebrate here coz its just a shift of burden….

Amalawi amzanga nkhani imene ili apa ndiyakuti wa minibus akachita ngozi and cost ya damage ndi 1million mwachitsanzo…akunena kuti insurance company izilipira 600,000 ndipo 400,000 idzilipiridwa ndi mwini wake wa minibus amene ndi policy holder…

Last edited 6 months ago by Muruwaniwa
Clara
Clara
6 months ago

Kodi a Chakwera akudikira chani FUEL PRICE REDUCTION?????

Chitolerapapo
Chitolerapapo
6 months ago

Fuel should also be reduced by 60%. The profit for mini bus operators is mainly affected by cost of fuel and spares. Reducong insurance would not have an impact on the profits of minibus operators

Banda
Banda
6 months ago

Makes no sense reduce premiums to 60% where a passenger suffers. Why should the passenger suffer receiving less 60% payout should there be an accident. Reduction of premiums is because of reduced passengers liability payout should remain the same 100%

guest
guest
6 months ago

apa nde aganiza mwakuya kut a min bus azitenga anthu ochepa…nzeru ndi mphamvu nzosiyana, use nzeru

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