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Insurance Premiums Going Up
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Euge
#1 Posted : Friday, October 25, 2013 12:13:25 PM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
Going up to 7.5% from 1 Nov. If yours is due for renewal, do so before then and will save some coins.
Lord, thank you!
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The Clown
#2 Posted : Friday, October 25, 2013 2:08:03 PM
Rank: Member


Joined: 8/24/2013
Posts: 185
Location: Diaspora
In Kenya, the price of everything is going up. Poor we.
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bird_man
#3 Posted : Friday, October 25, 2013 2:20:56 PM
Rank: Veteran


Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
Was told that by my broker & I thought he was joking.I hear its IRA saying they must go up.
Formally employed people often live their employers' dream & forget about their own.
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Gordon Gekko
#4 Posted : Friday, October 25, 2013 4:35:49 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
Just renewed mine last month with a 50% NCD smile
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Euge
#5 Posted : Saturday, October 26, 2013 10:11:10 PM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
bird_man wrote:
Was told that by my broker & I thought he was joking.I hear its IRA saying they must go up.


Yeah
Lord, thank you!
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Cde Monomotapa
#6 Posted : Saturday, October 26, 2013 10:30:35 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Sad smile #Subjectivity
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Siringi
#7 Posted : Monday, November 04, 2013 4:33:15 PM
Rank: Elder


Joined: 6/8/2013
Posts: 2,517
When you read through this ammendment is very well intentioned.
We have very careless drivers in this country and there doesnt to be enough punitive measures.

IMHO all drivers licences should be reissued in a digital format.
All drivers/licenses should be tied to a particular insurance policy(ies) renewable periodically.
The proposed Bonga point system is actually very good. majuu schemes like this actually work to curb irresponsible drivers by making premiums higher for them

Read Here===>Move-by-insurers-may-just-restore-road-sanity
"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rankaz13
#8 Posted : Tuesday, November 05, 2013 12:30:22 AM
Rank: Elder


Joined: 5/21/2013
Posts: 2,841
Location: Here
Careless drivers to pay higher premiums.
Life is like playing a violin solo in public and learning the instrument as one goes on.
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XSK
#9 Posted : Thursday, November 07, 2013 3:33:20 PM
Rank: Veteran


Joined: 12/8/2009
Posts: 975
Location: Nairobi
Euge wrote:
Going up to 7.5% from 1 Nov. If yours is due for renewal, do so before then and will save some coins.


The change is only affecting new policies. If its a renewal unalipa kama kawaida. There is no change.
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Forester
#10 Posted : Thursday, November 07, 2013 4:43:22 PM
Rank: Member


Joined: 12/7/2010
Posts: 520
Location: Epicentre - Ngamia 1
XSK wrote:
Euge wrote:
Going up to 7.5% from 1 Nov. If yours is due for renewal, do so before then and will save some coins.


The change is only affecting new policies. If its a renewal unalipa kama kawaida. There is no change.


Hii apana kweli. Renewals will also be subjected to the new rates come 1st Dec only that the NCD (No Claim Discount) depending on your past year(s) loss ratios will apply. Correct me if am wrong.
Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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XSK
#11 Posted : Friday, November 08, 2013 11:05:00 AM
Rank: Veteran


Joined: 12/8/2009
Posts: 975
Location: Nairobi
Forester wrote:
XSK wrote:
Euge wrote:
Going up to 7.5% from 1 Nov. If yours is due for renewal, do so before then and will save some coins.


The change is only affecting new policies. If its a renewal unalipa kama kawaida. There is no change.


Hii apana kweli. Renewals will also be subjected to the new rates come 1st Dec only that the NCD (No Claim Discount) depending on your past year(s) loss ratios will apply. Correct me if am wrong.


@forester

You are wrong, I have just renewed mine at the same rate as last year 3.5%. The new changes took effect from 1st Nov.
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Forester
#12 Posted : Friday, November 08, 2013 12:06:10 PM
Rank: Member


Joined: 12/7/2010
Posts: 520
Location: Epicentre - Ngamia 1
XSK wrote:
Forester wrote:
XSK wrote:
Euge wrote:
Going up to 7.5% from 1 Nov. If yours is due for renewal, do so before then and will save some coins.


The change is only affecting new policies. If its a renewal unalipa kama kawaida. There is no change.


Hii apana kweli. Renewals will also be subjected to the new rates come 1st Dec only that the NCD (No Claim Discount) depending on your past year(s) loss ratios will apply. Correct me if am wrong.


@forester

You are wrong, I have just renewed mine at the same rate as last year 3.5%. The new changes took effect from 1st Nov.

Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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XSK
#13 Posted : Friday, November 08, 2013 1:49:58 PM
Rank: Veteran


Joined: 12/8/2009
Posts: 975
Location: Nairobi
Forester wrote:
XSK wrote:
Forester wrote:
XSK wrote:
Euge wrote:
Going up to 7.5% from 1 Nov. If yours is due for renewal, do so before then and will save some coins.


The change is only affecting new policies. If its a renewal unalipa kama kawaida. There is no change.


Hii apana kweli. Renewals will also be subjected to the new rates come 1st Dec only that the NCD (No Claim Discount) depending on your past year(s) loss ratios will apply. Correct me if am wrong.


@forester

You are wrong, I have just renewed mine at the same rate as last year 3.5%. The new changes took effect from 1st Nov.



Really? is there a link? The last comminique from the regulator indicated 1st Nov for the reintroduction of the 7.5% rule.
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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