Finance Ministry selects Allied to provide universal health insurance

The Finance Ministry has announced that the government will partner with Allied Insurance to provide all Maldivians with universal health insurance.

The Ministry said that three companies expressed interest in the public-private partnership, but only Allied completed the letter of expression.

“Sri Lanka Insurance and Amana Takaful didn’t complete the letter of expression. So we decided to award it to Allied,” Director General of the Ministry, Saami Ageel, was reported as saying.

Under the proposal, which the government intends to implement in January next year, Allied will own a 60 percent share in the scheme while the government with own the remaining 40 percent. The actual insurance premium will be paid by the government, while claims, billing and public awareness will be handled by the private partner.