BML reported that insurance services will be available from the 27 branches of the Bank across the nation and that the service is provided with the assistance of Allied Insurance Company of the Maldives.
BML had introduced six insurance plans, including Home Takaful, Motor Insurance, Mortgage Protection Plan, Individual Term Insurance and Fire and Marine Hull Insurance. Every insurance plan issued is customizable to the insurance buyers’ preferences.
Speaking in the press conference held to introduce the service BML CEO Andrew Healy said that the service was introduced to provide an additional service to their customer base and therefore customers do not have to rely on another service provider for insurance. He added that customer will be able to access the service from all the branches of the Bank. Healy noted that the service was extremely remarkable as it was available from the Atoll branches.
Speaking in the ceremony, Allied Insurance Managing Director Ahmed Ameel said that this partnership was an extremely vital step in the financial sector of the country. He noted that the two companies played a vital role in financial sector of the nation and added that this partnership was beneficial to the two companies as well as their customers.