Once enforced, the bill will introduce stricter requirements for issuing insurance licenses. The proposed deposit to start insurance services will increase from the current MVR 10 million to between MVR 30 million and MVR 50 million.
/https://s1.mihaaru.com/photos/2023/04/27/363570_3_0e94d1a08e2e8275f8ab4f4da590007f04ea7347_large.jpeg)
Mahibadhoo MP Ahmed Thoriq speaks at the Parliament -- Photo: Parliament
Malika Shahid
2024-08-06 14:36:45
An insurance bill has been submitted to the parliament for the first time to establish a law regulating insurance services in the Maldives.
The bill, submitted by Mahibadhoo MP Ahmed Thoriq on behalf of the government, aims to provide a comprehensive legal framework for the insurance industry.
Copyright © 2025 The Edition
/https://s3.mihaaru.com/photos/2020/04/09/272684_3_48e2b1e302279b31b0797c1e963d7b241824bf05_large.jpg)
/https://cdn.mihaaru.com/photos/2017/05/04/144307_3_721e10b6f3cc1623539a6e64ffa4b584c914ff28_large.jpg)
/https://s3.mihaaru.com/photos/2023/02/10/356990_3_0ea2fda29f76666ba70e926380dc9e35cd20f418_large.jpg)
/https://s2.mihaaru.com/photos/2025/04/17/414897_3_fce4778bffee95b1121438e4271c20e596633c84_large.jpeg)