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Free Life Insurance for New Parents
Free Life Insurance for New Parents
Free Life Insurance for New Parents

Taking the first step towards your child’s financial security

 

 

Overview
Benefits
Terms & Conditions
Reviews
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Life insurance and family protection are the cornerstones to successful financial planning and security. The MSV Free Life Insurance for New Parents is there to help make life that little bit easier by giving you the peace of mind you deserve.

What is the Plan?

This is a life insurance plan that pays out €10,000 if you die on, or before, your child’s first birthday.

Are you eligible?

You can take out the Plan, if:
  • you are a new parent aged 18 to 65, living in Malta
  • once the child has been born and before they are 6 months old
The plan will be issued on the lives of both parents and will pay on the first death only. Single parents may apply, although only one policy can be issued per child.

Do you want to learn more about the MSV Free Life Insurance for New Parents? Then why not start by clicking on the ‘Live Help’. One of our representatives will be able to help you immediately.

These are the main features of the Life Insurance for New Parents Plan

Type of Plan Level Term Policy
Sum Assured €10,000
Age at Entry Minimum 18 years, maximum 65 years provided that the child is born and less than 6 months old.
Expiry The plan will end on the earliest of the child’s first birthday or once the death benefit has been paid, whichever event occurs first.
Basis of Life Cover Single Life or Joint Life First Death
Protecting your Dependents This plan is designed to give your family a helpful start in replacing your income in the event of your death

Beneficiary You can appoint one or more beneficiaries to receive the benefit under the Plan, when this is due. There is no charge for this arrangement to be implemented and it requires only the completion of a simple form. The appointment of a beneficiary (and acceptance thereof) under a life insurance contract does not need to be confirmed in a will and it also supersedes the provisions of a will if there is any conflict between the two.

You can take out the Plan :
  • if you are a new parent aged 18 to 65, living in Malta 
  • once the child has been born and before they are 6 months old
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Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking and investment services in terms of the Banking Act (Cap. 371 of the Laws of Malta) and the Investment Services Act (Cap.370. of the Laws of Malta).