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MINISTER: Serame

Over 50, 000 insurance policies lapse during Covid-19

Since April last year, when Covid-19 first sent the country into lockdown, 50, 022 long-term insurance policies have lapsed due to missed payments.

The scenario was far rosier for short-term insurance cover, which saw 850 policies elapse in the same 18-month period.

The bombshell was dropped in parliament by Minister of Finance and Economic Development, Peggy Serame, recently.

Serame was responding to questions from Bobonong Member of Parliament (MP), Taolo Lucas, who had wanted to know the number and type of personal insuranc...

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