Group Personal Accident Insurance

Employees play a big part in ensuring that the business continues to run successfully. Today we are all exposed to uncertain risks at any place. Some unfortunate accidental to your employee(s) occurrence might bring a huge financial loss or a difficulty in running some operations. So to ensure the well being of your employees and their families, it is important to compensate for such losses. Group personal accident insurance can help to indemnify any such losses.

Group Personal Accident Insurance plan provides companies with comprehensive personal accident insurance coverage and liability insurance protection against accidental death or injury. 

  • Death: Bodily Injury, which within 12 calendar months from the occurence thereof shall solely and directly cause the death of the insured person.
  • Permanent Total Disablement: The loss of a function of the body whereby total restoration is not possible. Example; paralysis, loss of vision, hearing or speech.
  • Permanent Partial Disablement: This is a disablement which is not so severe such as loss of a finger or toe and the compensation will be based on a percentage of the sum insured.
  • Temporary Total Disablement and Temporary Partial Disablement: The amount payable is based on weekly compensations.
  • Temporary Total Disablement: The insured is incapable to fully attend to his work and its compensated based on the number of weeks of his disability.
  • Temporary Partial Disablement: Insured is incapable to attend a specific area of his normal duties and compensation will be based on the period of partial disability.
  • Medical Expenses: Pays for medical expenses incurred following an accident.

 

Exclusions

  • Dangerous sports or recreation activities.
  • Riot & Strike
  • War and kindred risks
  • Travelling in an aircraft as a member of the crew
  • Self injury, suicide and willful exposure to injury, provoked assault
  • Insanity or under influence of drugs or intoxicating drinks
  • Pregnancy, childbirth, miscarriage, abortion or pre-existing physical defect
  • Disease or illness
  • Armed or military duty
  • Professional sports 

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
  • Allied Insurance successfully concludes FAIR Medical Conference & Healthcare Congress 2019

    Allied Insurance Company of the Maldives successfully concludes the first “FAIR Medical Conference and Healthcare Congress” held in collaboration with Federation of Afro-Asian Insurers and Re-insurers (FAIR) on 22nd - 24th July 2019. This two-day event was held in Paradise Island Resort, under the theme “A World of Opportunities”.

    July 25th, 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; www.ayady.mv as well as from Ayady Customer front office located in H.Orchid (In front of Velaanaage)

    February 11th, 2019