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BOV INSURANCE

Save with flexibility

Guarantee a secure future ahead with a flexible, long-term solution for your savings.

Invest with flexibility in the MAPFRE MSV Life With-Profits Fund

Saving in a MAPFRE MSV Life With-Profits Fund provides you with peace of mind as detailed in the Key Features Document, whilst smoothing your investment return over the medium to long term.

Receive a tax-free sum at the end of your term

Enjoy a medium to long-term tax-efficient investment and a tax-free cash sum at the end of your selected plan term.

Enjoy a range of benefits for extra protection

Get access to the death benefit and funeral expenses benefit, and you may opt for other additional benefits at an extra cost.

Insurance details

What does this plan include?

Discover the details and benefits of the MAPFRE MSV Life Flexi Plan.

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Minimum contribution of €40 per month or equivalent
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Opt for single or joint cover
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Make additional top-ups of a minimum of €250 (no top-ups allowed in the final year of the plan)
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Receive tax-free lump sum at end of your plan term

What benefits do I get with this plan?

Learn about the benefits you get with the MAPFRE MSV Life Flexi Plan.

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Death benefit: A payment of 101% of the value of your Policy Account will become payable in the event of death of the Person Covered.
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Funeral expenses benefit: Receive up to €2,500 as partial pre-payment of your death benefit.
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Terminal illness benefit: Payment of up to 75% of the policy account as a pre-payment of the death benefit if you are diagnosed with a terminal illness. Terms and Conditions apply.
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Designation of beneficiaries: You can appoint one or more beneficiaries to receive the death benefit under the plan, when this is due.
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Cash surrender benefit: Option to surrender the plan in full before maturity. The surrender amount is calculated by applying the surrender charge (and market value reduction, if applicable) to the policy account. Cash surrender benefit is not available for the first 3 years.
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Policy loan benefit: Option to apply for a loan from us, up to 85% of the cash surrender value of the plan, using only the plan as security.
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Maturity benefit: Payment of the policy account upon maturity of the plan.

You may wish to refer to the product documentation available in the Important Documents section hereunder or obtain a copy from any BOV Branch upon request.
DOWNLOADABLE RESOURCES

Important documents

Key features document - MAPFRE MSV Life Flexi Plan
Key information document - MAPFRE MSV Life Flexi Plan
MAPFRE MSV Life - Simple guide to with profits funds

Protect your loved ones with the MAPFRE MSV Life Protection Plan

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Bank of Valletta p.l.c. is an enrolled Tied Insurance Intermediary under the Insurance Distribution Act, Cap. 487 of the Laws of Malta for MAPFRE MSV Life p.l.c. (MMSV). MMSV is authorised under the Insurance Business Act, Cap. 403 of the Laws of Malta. Both entities are regulated by the Malta Financial Services Authority.

The product is manufactured by MAPFRE MSV Life and is distributed by Bank of Valletta p.l.c

MAPFRE MSV Life Flexi Plan

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