KBL promotes awareness of third-party motor insurance
KBL Insurance Limited has launched an awareness campaign to drive road safety and regulatory compliance with relevant insurance laws and regulations, especially as it relates to third-party insurance policy.
This move followed the nationwide enforcement of third-party motor insurance by police since the beginning of February.
In a statement, the Managing Director/Chief Executive Officer of KBL Insurance Limited noted the company’s commitment to customer convenience and regulatory compliance, where he called on the general public to comply with the regulation, detailing the importance of motor insurance.
He assured customers, saying, “At KBL Insurance Limited, we believe insurance is more than just policies. It is about protecting lives, securing assets, and ensuring peace of mind. Our goal is to simplify third-party motor insurance so that every vehicle owner in Nigeria remains compliant with the law while benefiting from seamless insurance coverage and top-tier customer support.”
The third-party motor insurance is mandatory for all vehicle owners, as it is now enforced by the Nigeria Police Force and the National Insurance Commission. The policy provides financial protection by covering liabilities for damages or injuries caused to third parties in the event of an accident. Despite its legal requirement, many motorists are unaware of the serious risks of driving without valid insurance. A defaulter could pay a fine of N250,000, which may include impounding the vehicle along with other strict sanctions.
To make insurance more accessible, faster, and stress-free, KBL Insurance Limited has upgraded its digital platforms and customer support services, saying customers can now conveniently subscribe or renew their policies from the comfort of their homes through an easy-to-use online portal.
Additionally, KBL Insurance said its claims process has been optimised for speed, transparency, and minimal turnaround time, allowing customers to get payouts without delays.
