MAPFRE MSV Life p.l.c. has announced a new Reinvestment Special Offer that is applicable on all policies that mature between the 1st April 2018 and the next bonus declaration.
“We are delighted to launch a new Reinvestment Special Offer, thus rewarding our customers for their loyalty through an increased allocation when they reinvest any maturing MAPFRE MSV Life policy into a new Single Premium Plan during the offer period,” said David Curmi, CEO of MAPFRE MSV Life.
The new Reinvestment Special Offer terms will see customers reinvesting a maturing policy into a new Single Premium Plan benefit from an increased allocation of 2% on policies with a term of 11 years and over and an increased allocation of 1.5% on policies with a term of 10 years or less. MAPFRE MSV Life is also waiving the policy fee on these reinvestments. Mr. Curmi explained that the MAPFRE MSV Life Single Premium Plan is one of the company’s most popular life savings products with funds being invested in the MAPFRE MSV Life With Profits Fund which, with €1.8 billion assets under management, is one of the largest managed savings funds in Malta.
“The MAPFRE MSV With Profits Fund comprises a conservative and diversified portfolio of assets that embraces a robust investment management process and which has delivered consistent returns that compare well with those achieved from alternative investments but with relatively lower levels of volatility,” explained Mr Curmi.
For 2017, MAPFRE MSV Life declared a regular bonus of 3.1% in respect of the Comprehensive Flexi Plan (regular and single premium policies), the Single Premium Plan, the Personal Pension Plan, the With Profits options of the Investment Bond and the Retirement Plan.
The Company also declared a Final Bonus in respect of the Comprehensive Life Plan (single and regular premium) and the Comprehensive Flexi Plan (single and regular premium), for policies that have been in force for more than 10 years. The Final Bonus will be paid on claims payable as a result of death or maturity between 1 March 2018 and the next bonus declaration, at a rate of 2.50% for every year after the 10th year of the policy, capped at the rate of 10%. This final bonus will be paid on the value of the Policy Account as at the date of death or maturity.
Further information about the new Reinvestment Special Offer may be obtained from MAPFRE MSV Life on freephone 8007 2220, from any MAPFRE MSV Life Tied Insurance Intermediary or any branch of Bank of Valletta or APS Bank. Details can also be found on the MAPFRE MSV Life website at www.msvlife.com.
Returns from Investments in With Profits are free from tax in the hands of the policy owner according to current legislation.
Investment returns can go down as well as up and the past is not necessarily a guide to future performance.
MAPFRE MSV Life p.l.c. (C-15722) is authorised by the Malta Financial Services Authority to carry on Long Term Business under the Insurance Business Act, 1998. Investment returns can go down as well as up and the past is not necessarily a guide to future performance. Changes in the rate of exchange of currencies may also affect the value of investments.
Com. No: 280318