Loan Protection Plan

This product forms part of the MAPFRE MSV product range.

  • Provides peace of mind to your family in case of your death
  • Pays a guaranteed lump sum in the event of death of one or more persons covered
  • The amount of money that we pay decreases roughly in line with your outstanding loan balance.
  • You choose amount of death benefit and term of the plan
  • You can pay the premiums monthly, quarterly, half yearly or yearly
  • Premiums will remain level throughout the plan
  • You can appoint one or more beneficiaries to receive the benefit under the Plan
  • The policy pays up to €2,500 for funeral expenses costs in the form of a pre-payment of the death benefit
  • The term of the plan can be between 5 and 57 years, as long as the plan ends by when you are 75 years old.
  • Anyone domiciled in Malta who is at least 18 years old can have this plan.