Category Archives: News & Events

Dhivehi Insurance introduces insurance cafes and restaurants

PSM News 13 June 2017 : Dhivehi Insurance has introduced a special insurance product targeting the cafes and restaurants. The new product was launched at a special function held at City Garden Restaurant. The scheme would cover loss or damages to the building, employees or customers due to a fire or due to natural disasters, according to Dhivehi Insurance. Speaking with PSM News Managing Director of Dhivehi Insurance Abdul Wahid Thaufeeq said that the main purpose of introducing such a

Fire in Rasdhoo island dive centre, shops cause MVR1 mln in damages

Mihaaru FEBRUARY 12, 2017: A diving centre, souvenir shop and storehouse burned down in the island of Rasdhoo in Alif Alif atoll on Saturday. The damages caused to the three buildings, operated in a single land plot of the island as a family business, are estimated to exceed MVR 1 million. According to the business’ owner Abdul Rasheed Adam, the fire had first caught at Rasdhoo Dive Centre before spreading to the adjacent souvenir store and shop which had served as

Allied introduces guesthouse insurance scheme

Mihaaru SEPTEMBER 25, 2016: Allied Insurance launched an insurance scheme for guesthouses on Saturday. Introduced at the BML Guesthouses Maldives Conference, the first guesthouse conference hosted by the island nation, the scheme consists of three packages with Budget, Budget Plus and Premium. The three packages compensate for damages caused by fire accidents, explosions, lightning, rallies and riots, and vandalism. The scheme also covers damages caused to guesthouses by vehicles and aircrafts, and natural disasters and compensates injuries caused to third

Much to be desired in Maldives’ insurance industry: Minister

Mihaaru  MARCH 6, 2017 : Minister of Finance and Treasury Ahmed Munawar proclaimed that the Maldives’ insurance industry is in dire need of expansion. Speaking at the ceremony held at Hotel Jen to inaugurate the Corporate Liability Insurance for heads of companies and industry professionals, Minister Munawar stressed that the Maldives has the capacity to expand its insurance industry. Comparing the Maldivian industry with other neighboring countries’, the minister noted that insurance holds very less interest in the Maldivian economy. “The usage