KBL Insurance Launches Motor Insurance Awareness Campaign

Ebere Nwoji

KBL Insurance is launching an extensive awareness campaign on the Third-Party Motor Insurance to draw the attention of the public to road safety and regulatory compliance .

The  company said the initiative was Predicated on the move to ensuring compliance with Section 68 of the Insurance Act 2003, and is designed to educate motorists on their legal obligations, the benefits of coverage, and the consequences of non-compliance.

Addressing the media on this,  Managing Director of the company, Lawal Mijinyawa, emphasised on the Company’s commitment to customer convenience and regulatory compliance, and 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 (NAICOM). The policy provides financial protection by covering liabilities for damages or injuries caused to third parties in the event of accident. 

According to the KBL Insurance boss, despite its legal requirement, many motorists are unaware of the serious risks of driving without valid insurance. 

He said a defaulter could pay a fine of N250,000, which may include impounding the vehicle along other strict sanctions.