Cargo Insurance

With the increased international trade, the use of cargo for transporting goods have become more of a necessity as it provides a significant amount of safety and reduction in the overall cost of transferring these goods.

Since each voyage is a joint venture of the ship owner and all the cargo owners, it is important that the cargoes or shipment are protected from risks which might result into huge losses for both parties.

Cargo insurance can ensure that you are protected from the financial consequences of loss of or damage to your cargo.

Cargo insurance covers the loss or damage of cargoes by which property is transferred, acquired, or held between the points of origin and final destination. The goods may be transported by sea, air, or land.

Types of coverage?


Single shipment policy

This policy enables cover for individual voyage basis. The policy insure the shipment of goods from one place to another in one voyage, from the time they leave the shipper's or seller's warehouse until they reach the consignee's or buyer's warehouse at the final destination.

Annual or Open cargo policy

This policy provides continuous cover with a stipulated commencement date of cover until expiry or remains in force until cancelled.

Cargo insurance covers the perils stated in Institute Cargo clauses. They are Institute Cargo Clause A, B and C. Following is a summary of the coverage provided by:





Fire or explosion

Vessel/craft being stranded, grounded, sunk or capsized

Overturning or derailment of land conveyance

Collision or contact of vessels, craft or conveyance with external object other than water

Discharged of cargo at a port of distress

Earthquake, volcanic eruption or lightning


General average sacrifice


Washing overboard


Entry of sea, lake or river water into vessel, craft, conveyance container lift van and/or place of storage


Total loss of any package lost overboard or dropped whilst loading onto or unloading from vessel or craft


General average and salvage charges

Pirates. thieves and non delivery






For Online Cargo Insurance, please visit our customer front office to register as our partner.

Credit Customers

We will be providing credit facilities for our existing customers who choose to register as our partner.

Once you log in from your account you will be able to view your total credit amount on the left side of your screen. 

Deposit Customers

Our new customers can choose to register as our partner by making an advanced payment. This value will be added to your total deposit amount.

Once you log in from your account you will be able to view your total deposit amount on the left side of your screen. 

You will receive your username and password on request.

Next Steps?

News and Updates

  • Allied Insurance strengthens their CSR Initiative with New Pledges

    Allied Insurance Company of the Maldives launches new pledges under CSR initiative “Green for Good”. Reaffirming commitment for an environment friendly workspace. The new pledges were launched at the Opening Ceremony of 10to10 Dive held in Angsana Ihuru by Banyan Tree Group’s Sustainability Director and Banyan Tree Global Foundation’s Coordinating Director Dr. Steve Newman.

    August 31st, 2019
  • Ayady Takaful commences “2017 Surplus Distribution”

    Allied Islamic window; Ayady Takaful holds a press briefing session regarding “Distribution of Surplus” for the year 2017. As announced at Allied Special Event 2019, Ayady customers can submit claim forms till 31st March 2019, 4pm. Surplus application forms will be available online from Ayady website; as well as from Ayady Customer front office located in H.Orchid (In front of Velaanaage)

    February 11th, 2019
  • Allied Insurance Company welcomes New Managing Director Mr. Mohamed Shafaz

    State Trading Organization plc appoints Mr. Mohamed Shafaz as the new Managing Director of Allied Insurance Company of the Maldives, effective from 31st January 2019. The appointment was made following the resignation of former Managing Director Mr. Ahmed Ameel.

    January 31st, 2019