Free life insurance from MSV Life

MSV Life has launched a product which provides free life insurance for new parents. This initiative aims to help parents take the first step in protecting their child’s financial security.

Through this plan, new parents are being offered €10,000 of free life cover for anyone who registers before their child is six months old. Cover will run until the child’s first birthday.

Stuart Fairbairn, chief officer sales management explained that MSV strongly believes that life insurance and family protection are the cornerstones to successful financial planning and security.

Mr. Fairbairn said: “Protecting one’s family should be the number one financial priority. The trouble is that many of us think we’ve got all our protection bases covered, when in fact there’s a huge shortfall in the cover one really needs. We believe it’s essential that parents consider how best to protect their new family”.

David G. Curmi, chief executive officer of MSV Life said: “The majority of Maltese do not have adequate life protection. Indicators show that only around 36 per cent of the working population in Malta have some form of life protection, and that most of this protection is used as collateral against bank borrowings. Therefore, most families are either uninsured or inadequately insured against the death of their primary income earners. This leaves a “significant gap in the market” – and due to this fact people could face unnecessary financial risks”.