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Insurance Premiums Going Up
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!
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.
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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