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BOV INSURANCE

Make the most of your savings

Turn a lump sum of money into a steady-growing investments plan with the MAPFRE MSV Life Single Premium Plan.

Use a tax-efficient plan to store lump sums of money

Invest a lump sum of €5,000 or more into the MAPFRE MSV Life With-Profits Fund, for steady and conservative growth.

Get flexible withdrawals when you need them

Make partial withdrawals of your capital (minimum withdrawal of €500, subject to €5000 retained in the plan) after the third year of your term, for free.

Enjoy a range of benefits for extra coverage

Get access to the death benefit, cash surrender benefits and funeral expenses benefit for free, as part of your savings plan cover.

Plan details

What does this plan include?

Discover the details and benefits of the MAPFRE MSV Life Single Premium Plan.

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Minimum contribution of €5,000.
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Opt for single life, joint life first death, or joint life second death.
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Plan term of 8 years minimum.
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Make additional top-ups of a minimum of €500.

What benefits do I get with this plan?

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

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Death benefit: Payment of 101% of the contribution(s) paid, or 101% of the Policy Account, (whichever is higher), if the Person Covered is 70 years old or younger at the time of death.
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Payment of the 100% of the contribution(s) paid or 100% of the Policy Account, (whichever is higher) if the Person Covered is 71 years old or older at the time of death.
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Funeral expenses benefit: Receive up to €2,500 as partial pre-payment of your death benefit.
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Cash surrender benefit: Option to surrender the plan partially or in full before maturity. The surrender amount is calculated by applying the surrender charge (and market value reduction, if applicable) to the policy account.
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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.
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Important documents

DOWNLOADABLE RESOURCES

Important documentation for special offers

Get more flexibility with the MAPFRE MSV Life Flexi Plan

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 Single Premium Plan

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