Motor Insurance

Imagine yourself in the face of an accident? What are your plans to overcome the situation financially?

The increasing number of vehicles in the Maldives creates a higher probability of having accidents. In those scenarios you may have to bear the cost of another person’s vehicle maintenances OR you may have to bear a permanent personal damage caused by the Third Party. We as Allied Insurance are here to help you in such financial shortfalls that you may face.

Imagine yourself in the face of an accident? What are your plans to overcome the situation financially?

The increasing number of vehicles in the Maldives creates a higher probability of having accidents. In those scenarios you may have to bear the cost of another person’s vehicle maintenances OR you may have to bear a permanent personal damage caused by the Third Party. We as Allied Insurance are here to help you in such financial shortfalls that you may face.

We provide mainly two types of insurance plans. They are:
- Comprehensive Motor Insurance Plan
- Third Party Liability Insurance Plan

Our Comprehensive Motor Insurance Plan is designed to compensate for all the damages incurred in a particular accident, including the owner’s vehicle and the partial damage caused to the Third Party. Besides, we shall be covering the damages to your motor vehicle caused by fire, natural disasters, malicious damages and damages incurred during a strike or a riot.

Whereas, our Third Party Liability Insurance Plan is aimed to help you pay off your Third Party liabilities incurred during an accident.

All policies are entitled to a year from the date registered. Therefore to keep the policies valid, a yearly premium must be paid for renewal.

Our major aim is to provide the finest insurance coverage to all our customers across the country. The table below represents the benefits provided under these policies.

 

Details Third Party Comprehensive
Coverage    
Third Party Property Damage Yes Yes
Third Party Permanent and Partial Damages and Death Yes Yes
First Party Property Damage No Yes
First Party Permanent and Partial Damages and Death No Yes
Other damages to own vehicle No Yes
     
Compensation    
Third Party Property Damage Up to 40000 Up to 40000
Third Party Permanent and Partial Damages and Death Up to 60000 Up to 60000
First Party Property Damage None Up to vehicle value
First Party Permanent and Partial Damages and Death None Up to 100000
     
Deductible    
Third Party Property Damage 2500 2500
Third Party Permanent and Partial Damages and Death None None
First Party Property Damage Inapplicable 1000
First Party Permanent and Partial Damages and Death Inapplicable None

 

The following are the procedures which shall be followed when submitting an insurance claim

  • Report immediately to Maldives Police Services and Allied Call Centre.
  • Do not repair the vehicle until instructed to do so by our company.
  • If any damage is caused to the vehicle/property, ensure to collect the accident report from Maldives Police Service.
  • Accident report would be ready within 48 hours of the accident.
  • A claim form shall be submitted. Along with this form an accident report and three quotations are required from three different garages.
  • Our examiners will do further analysis of the incident based on the presented documents to check how much to be paid as compensation.
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