MSV Life has launched three innovative group benefit plans which can be used to provide valuable financial protection to a business, its employees or both.

All new plans provide financial protection against the death, disability or the diagnosis of a critical illness of an individual. The individual can be part of a group of employees, partners or shareholders or of an affinity group such as a labour union, professional association or business association. Employees can also choose to include their spouse in the plans.

The plans are designed with each client, ensuring it meets their individual needs. The MSV Group Benefit Plan aims to provide financial protection and support to employees of medium to large companies by paying a tax-free lump sum directly to their beneficiaries.

The MSV Professional Group Benefit Plan has been designed for smaller professional companies, such as firms of accountants, lawyers, financial services, consultancies and advisors. It can be applied to a board of directors.

The plan can be structured to provide a tax-free lump sum to the business, the remaining partners or the individual beneficiaries on the death, disability or critical illness of an individual.

The MSV Group Credit Life Plan is ideal for banks, financial institutions and other finance companies offering small personal loans, credit cards, hire purchase and consumer credit. It can be structured to repay the outstanding debts of customers on death, protecting the business against potential financial loss.