By Bisi Bamishe
The National Insurance Commission (NAICOM) organised sanisation/awareness workshop on compulsory insurances for members of National Union of Road Transport Workers (NURTW) at Itan Central Park Uyo, Akwa-Ibom State today.
The Commissioner for Insurance Sunday Thomas, who was ably represented at the event by Head, Corporate Communications and Market Development, ‘Rasaaq, Salami, educated the people on benefits of insurance, especially third party motor policy that is required by law for all vehicles plying roads in the country
Rasaaq Salami addressing members of National Union of Road Transport Workers.
Third Party Motor Insurance is one of the compulsory insurance policies in Nigeria. It is commonly known as ‘Police Let Me Pass’, is the legal minimum level of motor insurance cover any vehicle owner plying the Nigerian road is required to have.
He told them that they stand to get up to N3 million for third party liabilities on a premium payment of N15,000.
According to Salami, other benefits accruing from third party motor insurance include, coverage across West African subregion and avoidance of unnecessary harassment on the road, during an accident.
Assuring them of prompt payment of genuine claims, Salami<span;> enjoined them to patronise registered insurance companies; brokers; agents for genuine motor insurance policies, stressing that there is no claim on fake insurance papers.
