Wobbegon

J. Debrincat Limited has been a trusted name in the insurance field for many years. It is a licenced Tied Insurance Intermediary for Life Assurance and Retirement Planning Product.

At our head office in Victoria Gozo. We provide a round the clock service for any of the following covers, we with your approval provide home or business visits:

 

  • Protection

MSver 50’s Plan

The MSV Guaranteed Over 50’s Plan is designed for those who would like to leave a lump sum on death. This could help to pay towards funeral expenses or any outstanding debts or to leave as a legacy.

With the MSV Guaranteed Over 50’s Plan your acceptance is guaranteed provided you are a Maltese resident aged between 50 and 80. There are no medicals or health questions and on death a cash lump sum is payable. You may also nominate who you would like to receive the cash lump sum.

MSV an Protection Plan

The MSV Loan Protection Plan aims to repay any outstanding home loan on your death. This means that you are safe in the knowledge that the roof over your partner and children’s heads is safe even when you are no longer around.

The MSV Loan Protection Plan at a glance
Type of Plan  Decreasing Term Policy 
Minimum Premiums Annually - €90 Half-Yearly - €45
Quarterly - €22.50 Monthly - €7.50
Age at Entry Minimum 18 years, maximum 69 years
Term Minimum of 6 years, maximum 57 years. The plan must terminate by age 75
Basis of Life Cover Single Life or Joint Life First Death
Protecting your Dependents Outstanding Loan balance will be settled in full upon the death of the Person covered
Funeral Expenses Benefit A free pre-paid amount to cover funeral expenses up to a maximum of €2500 or the value of the policy.

MSV rotection Plan

The MSV Protection Plan provides an immediate tax-free payment* to your estate or beneficiaries in the event of death during the term of the Plan.

The MSV Protection Plan provides you with an option to designate one or more beneficiaries to ensure that the policy pays out quickly and directly to where you want the money to go. The process of getting the money to your designated beneficiaries will, as a result, be significantly improved.

*The tax treatment of all plans is subject to the legislation in place at the time and individual circumstances. 

The MSV Protection Plan at a glance
Type of Plan Level Term Policy
Minimum Premiums Annually - €90 Half-Yearly - €45
Quarterly
 - €22.50 Monthly - €7.50
Age at Entry Minimum 18 years, maximum 69 years
Term Minimum of 6 years, maximum 57 years. The plan must terminate by age 75
Basis of Life Cover Single Life or Joint Life First Death 
Protecting your Dependents Upon the death of the Person covered, the Death Benefit will be paid to the heirs and/or beneficiaries.
Additional Benefits
  • Accidental Death
  • Permanent Total Disability
  • Waiver of Premium - an option designed to protect your contributions in case of injury or illness.
Funeral Expenses Benefit A free pre-paid amount to cover funeral expenses up to a maximum of €2500 or the value of the policy.

Free Life Insurance for New Parents

 Life insurance and family protection are the cornerstones to successful financial planning and security. The MSV Free Life Insurance for New Parents is there to help make life that little bit easier by giving our clients the peace of mind they deserve.

Plan description

A life insurance plan that pays out €10,000 if you die on, or before, your child’s first birthday

Your commitment

  • Simply give us all the information we ask for in the application process and if you have to make a claim
  • The life cover is free to all new parents so there are no premiums to pay 

Risk factors

  • The plan has no cash surrender or maturity value
  • If you do not truthfully provide all the information we ask for we may not pay out under the plan
  • If you stop living in Malta your plan will end

Who may apply?

  • You can take out the plan if you are a new parent aged 18 to 65, living in Malta
  • You can take out the plan once the child has been born and before they are 6 months old
  • The plan will be issued on the lives of both parents and will pay on the first death only
  • Single parents may apply, although only one policy can be issued per child 

When will the plan pay out?

  • The plan will pay out on death of a parent before the child’s first birthday
  • The plan will pay out only once so for joint life plans we will only pay on the first death of a parent
  • The plan will end on the earliest of the child’s first birthday or once the death benefit has been paid

When will the plan not pay out?

  • The plan will not pay out if you commit suicide, or if you die as a result of a HIV-related illness,non-prescribed drug abuse or if it is related toor caused by a history of alcohol excess
  • The plan will stop once your child has passed their first birthday
  • Full details of the exclusions are covered in the Policy Document

When will the cover start?

The cover will start once you have completed the application form and we have confirmed your plan has started

What about tax?

  • The cash sum paid on death is currently free from income tax and capital gains tax
  • Tax rules may change

Can I change my mind?

The life cover is free until your child’s first birthday, however if for whatever reason you decide you do not want to proceed with the plan you can notify us in writing and we will cancel the policy.

 

Life Assurance Quote

Policies are tailor-made for your requirements.

MSV Life p.l.c. Unit-Linked Polices are linked to selected  Fidelity Funds and  La Valletta Funds.

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

J. Debrincat Limited is an enrolled Tied Insurance Intermediary under MSV Life p.l.c. MSV is authorised by Malta Financial Services Authority to carry on Long Term Business under the Insurance Business Act 1998. Both companies are regulated by the MFSA. MFSA Enrollement no C30546

 

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+356 21553960

+356 99496807

 

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