MPI Issuing $312M in Rebate Cheques to Policyholders

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(MPI News Release)

Manitoba Public Insurance customers can expect a rebate cheque in mid-February 2022.

This rebate of $312 million will result in about $328 rebated to an average private passenger policy. It’s estimated about 578,000 cheques will be issued. Customers planning a change of address should notify MPI no later than January 12, 2022, to ensure they receive their rebate cheque. Rebate amounts of $10 or less will be credited to the customer’s account.

This is the third MPI COVID-19 rebate in less than two years. In total, MPI will have provided rebates of nearly $500 million to its policy holders ─ $110 million in May 2020 and $69 million in December 2020.

This latest rebate was made possible due to a combination of fewer claims during the COVID–19 period and continued strong financial results. The rebate is calculated on the Basic Autopac premiums paid between November 22, 2020, and December 9, 2021, and is expected to be about 27 per cent of the customer’s annual Basic Autopac premium.