Child Savings Plan

This product forms part of the MAPFRE MSV product range.

  • A with profits regular premium plan, with a minimum premium of €40 monthly
  • Provides you with a simple and secure way to help you save for your child in a flexible manner, adapting to changing circumstances
  • Pays a lump sum at the end of the term of the plan
  • The child covered under the plan will have the option to purchase life cover when they are between the ages of 18 and 25 without medical evidence, for a life cover not exceeding €25,000
  • If death occurs before the end of the policy, you receive a death benefit of 101% of your policy account
  • The policy pays up to €2,500 for funeral expenses costs in the form of a pre-payment of the death benefit
  • You can pay the premiums monthly, quarterly, half yearly or yearly
  • The duration of the plan must be of a minimum of 8 years and must end when the child is 25 years old
  • Anyone domiciled in Malta can have this plan.
  • The policy is on a single life basis covering the life of the child