Bank of Valletta is offering discounts on the initial fees on MSV Life Single Premium policies taken up until September 30 with bonus life cover.
A single premium policy involves the insured investing one lump sum as payment for the whole term of the policy. Since this large, up-front payment begins accumulating profits immediately, the policy holder will earn more than holders of policies that pay their premium in installments. The MSV Life Single Premium Plan is an ideal, tax-efficient, medium to long-term savings plan for those wishing to invest a lump sum of money with relatively steady but conservative growth.
During this limited period, Bank of Valletta is offering a 33 per cent discount on the initial three per cent setting-up fee and €5,000 bonus life cover for the first year over and above the normal sum assured (normally 101 per cent of the sum invested) to all new policyholders under the age of 65 at the time of application.
Through the MSV Single Premium Plan, BoV aims to add value to their customers to make their products even more attractive with superior benefits and higher returns.
This promotion forms part of an active campaign called Start A Habit, which is being run by MSV Life with the support of BoV to encourage people to think early about their future financial requirements.
Bank of Valletta is an enrolled tied insurance intermediary of MSV Life.