For a limited period only, Bank of Valletta is offering discounts on the initial fees on MSVLife Single Premium policies taken up between the 25th July and the 30th September 2012 together with bonus life cover.

A Single Premium Policy is a policy where the insured invests one lump sum of money 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 bank said that “the MSVLife 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, BOV is offering a 33% discount on the initial 3% setting-up fee and €5,000 bonus life cover for the first year over and above the normal sum assured (normally 101% of the sum invested) to all new policyholders under the age of 65 at the time of application.

Through the MSV Single Premium Plan, BOVsaid that it 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 MSVLife with the support of BOV to encourage people to think early about their future financial requirements.

Bank of Valletta p.l.c. is an enrolled tied insurance intermediary of MSV Life p.l.c..

MSV Life p.l.c. is authorised by the Malta Financial Services Authority to carry on long term business of insurance under the Insurance Business Act 1998.

Permalink: Special limited offer on Single Premium Plan by BOV and MSV