Implementation of 3% Motor Insurance Premium Levy
By admin
United General Insurance Company Limited (UGI) hereby informs its customers, business partners, and the general public that, under Sections 65E and 65F of the Taxation (Amendment) Act No. 3 of 2026, a mandatory 3% levy now applies to all motor insurance premiums in Malawi.
Important Customer Information
The 3% levy is a statutory requirement and became effective on 14 April 2026. The levy is mandatory on all motor insurance premiums and is treated as a tax payable together with the insurance premium at the point of policy issuance.
Customers are advised that the levy is non-refundable, even where a policy is cancelled or discontinued.
The levy applies to:
- New motor insurance policies
- Policy renewals
- Additional premiums on existing policies
For transparency and compliance purposes, the levy will be reflected in all quotations, renewal notices, debit notes, and invoices.
As Your Preferred Insurer, we are committed to:
- Providing superior and innovative insurance solutions tailored to customer needs.
- Delivering fast, fair and efficient claims service.
- Building lasting partnerships founded on trust, integrity, and reliability.
- Offering responsive customer service with customer centric approach.
- Upholding professionalism, accountability, teamwork, and excellence in all interactions.
For further clarification or assistance, please contact UGI on:
- +265 990 299 180
- customercare@ugi.mw
- www.ugi.mw
Or contact your insurance advisor.
