Compulsory Third Party (CTP) insurance covers the liability of the policy holder (vehicle owner) for injury caused to the passengers and other road users in an at-fault motor accident. CTP insurance is needed to be able to register your vehicle. CTP insurance doesn’t cover damage to your vehicle, other vehicles or property.
Board declares final dividend of K20.1 million
Motor Vehicles Insurance Limited (MVIL) announced its final dividend of K0.60/ share for Financial Year 2022, which is an increase of 19% compared to 2021.
Sub-branch opens at Motukea in Central Province
MVIL is pleased to advise extractive industry operators, motor car dealers and businesses of its partnership with the PNG Ports in establishing the MVIL-Motukea sub-branch at the Motukea Wharf.
WHP allocates K500,000 for PMV subsidy program
Motor Vehicles Insurance Limited (MVIL) and the Western Highlands Provincial Government has entered into an agreement aimed at supporting PMV owners and operators in Western Highlands Province (WHP).