On 23rd February 2014, at a special ceremony held at Marine Research Centre, Allied Insurance company of the Maldives Pvt. Ltd. signed an MOU with Ministry of Fisheries and Agriculture to introduce a new Insurance scheme for farmers and fishermen. These new schemes will help the workers in these industries to recover from the damages caused due to environmental changes while providing life insurance coverage for the workers for any life-threatening incidents.
The MOU was signed by Mr.Ahmed Ameel, Managing Director of Allied Insurance Company and Dr.Mohamed Shainee, Minister of Ministry of Fisheries and Agriculture. The terms of the scheme will be confirmed by the end of March.