1 month car insurance

Nigeria: NIA Bungles Viser, Hides Under ICT

26.04.10

In Mauritius, motor insurance is the largest class of general insurance, accounting for 45percent of total non_life premium. In South Africa, Motor insurance contributes 44 percent of gross premium income of that country while China generated premium income of 70.6 billion yuan (US$8.9 billion) from motor insurance premiums in the first eight months of this year, up 18.9 per cent on_year, according to figures from the China Insurance Regulatory Commission. China's motor insurance is expected to earn a premium income of RMB 300 billion in 2012, up from RMB 140 billion at the end of 2007. This is due to increasing car ownership as with only 35 million (estimated figure) cars for a population of 1.3 billion.

Proof of insurance is made by a valid sticker which is pasted on cars' windscreens and made easy for police at the various road checkpoints and should in the case of any unfortunate incident involving the insured car. Unfortunately, most drivers regard having insurance only as a means to pass through the checkpoints with the minimum fuss from the police. Few drivers actually consider the type of cover provided by the policy they buy and simply opt for the cheapest. Indeed, it has come to light that some consumers have been buying fake insurance stickers sold on the street in and licensing offices in an attempt to reduce cost.

Source: AllAfrica.com

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