
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!
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.
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!
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.
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.