Single Premium Plan
This product forms part of the MAPFRE MSV product range.
- A with profits single premium plan, with a minimum lump sum payment of €5000
- You have the option to make additional top-ups, subject to a minimum of €500
- Provides you with a simple and secure medium to long-term investment
- Pays a lump sum at the end of the term of the plan
- The cash lump sum is free from tax under current legislation
- Every year you can withdraw any regular bonus declared for the previous year
- 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
- Anyone domiciled in Malta can have this plan
- It is available to anyone aged between 18 and 85 when the plan starts
- The policy can be on a single life basis, or with another joint owner
- You can appoint one or more beneficiaries to receive the benefit under the Plan