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Loan Protection Plan

  • Objective

    The 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.


    Your Plan will pay out a lump sum (the “Death Benefit”) should a person insured by it die while cover is in place. The Death Benefit reduces roughly in line with the way your loan balance reduces, considering that you make repayments over time. The Plan will end after the Death Benefit has been paid.

    The Plan could be pledged to your debt provider, ensuring that the loan is paid off quickly and directly after your death. It also offers the option to designate one or more beneficiaries.

    Moreover, the Funeral Expenses Benefit is a free benefit which offers the beneficiaries the option to receive part of the Death Benefit immediately to cover funeral expenses, up to a maximum of €2,500.

    Key Features

    Type - Reducing term Protection
    Minimum Premium - €4.00 monthly
    Age of insured person - Between 18 and 70
    Period of cover - Between 5 and 57 years
    Applicants - Single or joint
    Standard Benefits - Death Benefit
    - Funeral Expenses Benefit
    Additional Benefits - Accidental Death
    - Permanent Total Disability
    - Critical Illness


Legal Information

Calamatta Cuschieri Investment Services Ltd (CCIS) is an enrolled Tied Insurance Intermediary under the Insurance Distribution Act, CAP 487 of the laws of Malta for MAPFRE MSV Life p.l.c.. MAPFRE MSV Life p.l.c. is authorised by the Malta Financial Services Authority (MFSA) to carry on long term business under the Insurance Business Act, Cap 403 of the Laws of Malta. Both entities are regulated by the MFSA. Terms and conditions apply. Issued by CCIS. The Protection Plans distributed by Calamatta Cuschieri Investment Services Ltd (CCIS) are products of MAPFRE MSV Life p.l.c.