National insurance corporation Allied Insurance has issued about MVR 117.8 million as insurance and damage claims to its customers in 2017.
According to statistics publicized by the company, they had issued approximately MVR 16 million during the month of December as damage and insurance claims. Allied had given MVR 1 million to its customers under claims within a week.
The statistics also indicate the insurance claims had increased by 30% during the current year while Allied's insurance capacity had bumped to USD 120 million as well. Similarly the company's business had exceeded by 70% and its income hiked by 69% registering an additional MVR 50 million as net profit for the company.
