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.
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 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
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