Maldives is a tropical country which comprises of over 1900 coral islands. The population being scattered all over from North to South of the country and the fact that our economy is heavily dependent on fishing, has made sea transportation a necessity.
However our vessels do encounter numerous dangers while at sea, resulting in huge losses, both physical and financial. It is our objective to indemnify you against these losses.
Marine Hull Insurance is insurance on vessels against risks connected with its navigational operations. It covers damages to the boat, machineries and equipment’s.
This policy covers the loss or damages to vessel’s hull and machinery during their operation within the specified trading limits.
The policy covers Total Loss of the vessel insured against some perils in addition to salvage.
The policy covers Partial and Total Loss (Actual Total Loss and ConstructiveTotal Loss) of the vessel insured caused by the following perils in addition to salvage.
There is no specific amount fixed for the premium to be paid by the insured. It would vary depending on certain factors such as the age of vessel, the occupation, how hull is constructed etc.
Notification should be given immediately without delay upon knowledge of any accident or any event which might give rise to a claim by following the steps below.
It covers loss of life, bodily injury and property damage of crews and passengers arising out of the operation of the insured vessel.
Islamic window of Allied Insurance Company Ayady Takaful wins the prestigious IFFSA Gold awards at the 3rd Islamic Finance Forum of South Asian Region, held in Sri-Lanka on 23rd October 2018. The Gold Award was presented to General Manager of Ayady Takaful Mr.Firushan Ibrahim, as an acknowledgement for the invaluable contributions by Ayady Takaful for the Islamic Financial sector.October 24th, 2018
Allied Insurance Company of the Maldives extends financial support for Jamaluddin School Digitalization Program, Imaduddin School Digitalization Program and Ghiyasuddin School Raspberry-pi Extension Project, under its CSR initiative; Premium for Good.August 27th, 2018
At a press conference held in Malahini Kuda Bandos Resort, Allied Insurance Company announces Gold Partnership with Malahini for the 2nd edition of Malahini Sandy Mission.August 1st, 2018