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MAPFRE MSV Life Funeral Expenses Plan
The MAPFRE MSV Life Funeral Expenses Plan helps in taking away the worry of burial expenses from grieving families.
MAPFRE MSV Life Funeral Expenses Plan
The MAPFRE MSV Life Funeral Expenses Plan helps in taking away the worry of burial expenses from grieving families.

Overview
Benefits
Terms & Conditions
Reviews
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The MAPFRE MSV Life Funeral Expenses Plan is designed for those who would like to provide a lump sum on death in order to help provide for the cost of their funeral. The Policy pays €5,000 or €10,000 directly to your beneficiaries nominated by you, to help pay for the final expenses.

These are the main features of the MAPFRE MSV Life Funeral Expenses Plan:

Type of Plan 

Whole of Life Policy 

Sum Assured

€5,000 or €10,000

Age at Entry

Minimum 35 years, maximum 80 years

Basis of Life Cover

Single Life

Protecting your Dependents

This plan should be considered by anyone who wishes to leave a cash sum after their death to help pay towards funeral expenses.

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.

This is how the Plan works:

  • You choose the amount you want to be paid on death (either €5,000 or €10,000) and we calculate the premium.
  • Premiums can be paid monthly, quarterly, half yearly or yearly and will remain level throughout the plan. There are no additional charges regardless of which frequency you choose.  
  • When you reach your 90th birthday you stop paying your premiums but the life insurance will continue for the rest of your life
  • The plan will end on your death, when the guaranteed life insurance will be paid out as a cash lump sum
  • You can help make sure that the cash sum reaches the people that you would like by nominating them as beneficiaries.

 

Interested in knowing more about the MSV Guaranteed Over 50s Plan? Learn more about the benefits it will offer you by clicking on the next tab. You may also request a quote by clicking on Apply Now.

The MSV Funeral Expenses Plan helps in taking away the worry of burial expenses from grieving families.
With an MAPFRE MSV Life Funeral Expenses Plan, you get all this:

• Your acceptance is guaranteed provided you are a Maltese resident aged between 35 and 80
• There are no medicals or health questions
• On death a cash lump sum is payable
You may nominate who you would like to receive the cash lump sum
All charges are reviewable by MAPFRE MSV Life p.l.c. and may be changed after the Plan has started, subject to them providing you with at least 90 days notice.
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If you require more details about the range of life policies from MAPFRE MSV Life, you may:
  • check out the other MAPFRE MSV Life policies on this site
  • call our Customer Service Centre on 356 2131 2020
  • send us an e-mail at [email protected]
  • click on the ‘Get in Touch’ icon at the top (right hand corner) and submit your query and contact details. We’ll contact you as soon as possible.
  • You may also contact any BOV Branch or our BOV Customer Service Centre on 2131 2020 for additional information.
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KFD-Funeral Expenses Plan
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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).