Become our Insurance Agent or an Insurance Broker

You can either choose to become our Insurance Agent, a Compulsory Insurance Agent,
or an Insurance Broker to earn commissions by selling our wide range of insurance products

Insurance Brokers

Insurance Brokers conduct their work on behalf of the clients and can acquire quotations from all insurance companies. If you become a broker, you can sell all the products of Allied Insurance Company and earn a commission as per your contract.

Insurance Agents

If you become our Insurance Agent, you can acquire quotations on behalf of customers only from Allied Insurance Company. You can sell all the products of Allied Insurance Company and earn a commission as per your contract.

Compulsory Agents

If you become our compulsory insurance agent , you can only sell motor and expatriate insurance and earn a commission as per your contract.

How to become a Broker or an Insurance Agent

If you are interested to sell all our products and earn a commission as a Broker or an Insurance Agent, you may follow the following steps and our Sales Team will support you throughout the process.

Submit the completed form along with the required documents below!

Detailed business profile / CV
Business Registration Copy / National ID Card Copy
Shareholder and Officer’s Information
Police Report of All Shareholders of The Past 5 Years

 Allied Insurance will evaluate your proposal and if approved, an agreement will be drafted, and you will be provided with a detailed product information session by our team.

 Allied Insurance Company of the Maldives reserves the right to accept or reject the application in our evaluation of your proposal.

 If approved, your application will be submitted to Maldives Monetary Authority by Allied Insurance Company.

Application Form

Broker / Agent Application Form
Download
You will be required to pay the following license fees to Maldives Monetary Authority before an insurance license is awarded to you.

Insurance Broker Fees

Insurance Broker Application Fee:

MVR 30,000

Insurance Broker Annual Fee

MVR 5,000

Insurance Agent Fees

Insurance Agent Application Fee:

MVR 500

Insurance Agent Annual Fee

NIL

 Once you complete the formalities and acquire the license, we will sign the agreement and you can sell our insurance products.

 Your eligible commissions will be paid as per the terms and conditions of the agreement.

How to become a Compulsory Agent

Compulsory products are those that are mandated by government as compulsory, such as Third-Party Motor Insurance or Expatriate Insurance. Allied Insurance Company aims to make these products such as these available nationwide through Compulsory Agents. For instance, you can sell these products in your own shop, in your own island and earn commissions from the sales you make. If you are interested to sell our compulsory products, you may follow the following steps and our Sales Team will support you throughout the process.

Submit the completed form along with the required documents below!

Service Vendor’s Registry Copy
Business Owner’s ID Card Copy
Photo of Outlet’s Front Entrance
Photo of Outlet’s Service Area

 Allied Insurance will evaluate your proposal and if approved, an agreement will be drafted, and you will be provided with a detailed product information session by our team.

 Allied Insurance Company of the Maldives reserves the right to accept or reject the application in our evaluation of your proposal.

 If approved, your application will be submitted to Maldives Monetary Authority by Allied Insurance Company.

Application Form

Compulsory Agent Application Form
Download
You will be required to pay the following license fees to Maldives Monetary Authority before an insurance license is awarded to you.

Compulsory Insurance Agent Fees

Compulsory Insurance Agent Application Fee:

MVR 200

Compulsory Insurance Agent Annual Fee:

NIL

 Once you complete the formalities and acquire the license, we will sign the agreement and you can sell our insurance products.

 Your eligible commissions will be paid as per the terms and conditions of the agreement.

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