The Director of Road Traffic and Safety Services, Fergus Gondwe, has announced that insurance premiums for passenger vehicles have been reduced to 60 percent effective today, 22 January 2021.
Gondwe made the remarks at a Press Briefing which Ministry of Transport officials organised following the reduction of carrying capacity to 60 percent due to Covid-19.
Insurance Association of Malawi, Bywell Chiwoni, says they have agreed to reduce the premiums after being approached by the ministry.
Chiwoni said if minibus operators choose not to 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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