Bank of Valletta has launched its Lifelink Payment Protection Insurance, complementing the existing range of Lifelink life assurance, saving and investment plans.
In the event of unexpected accident, sickness or unemployment, the new product pays a monthly benefit for a pre-determined period.
It will also pay the outstanding balance on personal loans in the event of death.
The new policy may be taken out by customers aged between 18 and 65 and is being offered in conjunction with Middlesea Valletta Life and Middlesea Insurance.