Insurance giant, United General Insurance (UGI) has rewarded drivers from MyBucks Banking Corporation who are on AutoPrice insurance policy with free fuel for good driving behaviour. The AutoPrice policy is a new insurance policy with an approach to discourage risky driver behavior and it relies on the use of telematics devices placed in a vehicle…
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United General Insurance (UGI) Friday awarded six best students in the Malawi University of Science and Technology (MUST) Vice Chancellors’ excellence awards. UGI chief executive officer Bywell Chiwoni who presented the awards together with MUST Vice Chancellor Professor Address Malata said UGI is committed to nurturing Malawi’s effort to rise as an international innovation and…
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United General Insurance (UGI) Company Limited has signed a three-year agreement with Malawi University of Sciences and Technology (MUST) to support needy students and encourage innovations through Vice Chancellor’s Innovative awards.
United General Insurance (UGI), one of Malawi’s leading insurance companies, has announced a motor vehicle policy product dubbed AutoPrice.
This provides indemnity against theft of money in any of the following occasions: During working hours in the insured premises whilst in the locked safe or whilst in transit to the bank Loss whilst in the hand of the directors or senior employees or sales executives Loss whilst kept outside the safe ( this should…
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This is regulated in accordance with the Road Traffic Act of Malawi, which makes it compulsory for all users of motor vehicles to have minimum cover to indemnify them, at least, whenever they cause damage to property belonging to third parties, or bodily injury to third parties, arising out of the use of the said…
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Public liability insurance protects the policyholder against any legal liability incurred against third parties in respect of third party property damage and third party bodily injury, arising out of or in connection with the business of the insured and attributed to their negligence or that of employees, occurring within the stated territorial limits. The insured…
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This is a comprehensive type of cover, which provides complete protection against all types of risks associated with erection, testing, commissioning of machinery, plant and equipment during constructional stage.
Machinery Breakdown Insurance This provides indemnity against accidental damage to completely installed machinery, resulting from machinery breakdown, as a result of sudden and unforeseen causes. Machinery Breakdown insurance complements cover under the Fire and Special Perils policy as Fire and Special Perils does not provide cover for breakdown in machinery. Sum insured should represent replacement…
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