Mr Makap (left) and Mr Williamson shaking hands to seal the arrangement after signing the Memorandum of Understanding.

Motor Vehicles Insurance Limited (MVIL) Chief Executive Officer Mr Michael Makap has congratulated Pacific MMI on the successful launching of its new product, the Driver Disability Insurance (DDI), on Friday 29 November 2024. 

“I congratulate the Chief Executive Officer of PMMI Mr Darryl Williamson and his Team for launching the Driver Disability Insurance and for choosing MVIL to partner with you,” Mr Makap said.

The DDI provides cover for the driver at fault of a vehicle accident resulting in bodily injury, death or total permanent disability. The cover is applicable to private and corporate vehicles only. 

The benefits of DDI include income protection and financial stability to ensure drivers at fault can continue to support themselves and their families during the recovery period. The premium for this cover is affordable, making it possible for all drivers regardless of income levels.

The new product is a culmination of the partnership and commitment between PMMI and MVIL since 2021 when the initial concept was developed. The shared vision was to address a critical gap in the insurance market that left drivers vulnerable in the face of disabling injuries.

“This is a good start, and it complements MVIL’s CTP insurance cover, which does not cover the driver of the vehicle that is at fault. In contrast, the DDI which PMMI is introducing will cover the driver at fault of an accident, particularly for disability risks.” 

Meanwhile, Mr Williamson said: “The DDI is part of the innovative ways of doing things at PMMI. It provides a unique and tailored level of protection to customers that was previously unavailable.” 

He added that the DDI had been designed to be affordable for all customers and would take some time to be fully understood, but PMMI was committed to ensuring proper awareness is carried out.