Three companies to compete for health insurance scheme

Allied Insurance, Sri Lanka Insurance and Amana Takaful are contending to provide universal health insurance for all Maldivians under Public Private Partnership.

The three companies submitted applications after the Finance Ministry tendered the plan to insure all Maldivians by January 2012 on October 20 this year.

The Finance Ministry’s October 20 announcement stated that the chosen company would have a 40 percent government share and a 60 percent private share. Service providers will fund customer claims and billings, while the government will cover insurance premiums.

The chosen service provider will be expected to set up an information center on each inhabited island across the Maldives.