MeDirect Bank and MAPFRE MSV Life have signed a bancassurance agreement through which MeDirect Bank will act as a tied insurance intermediary, distributing a range of life insurance products from MAPFRE MSV Life. This collaboration marks a significant milestone for both organisations, aimed at enhancing the financial services available to MeDirect clients whilst widening the distribution network of MAPFRE MSV Life.

The partnership will enable MeDirect to broaden its suite of financial solutions and its commitment to providing a one-stop shop for its home loans services. Initially, MeDirect will focus on offering loan protection solutions which are designed to provide comprehensive coverage and peace of mind to clients.

To mark this development, the CEO of MAPFRE MSV Life, Elvira Lopez de Lara Merida, visited the MeDirect Bank offices at Tigne Point, where she met with the Group CEO of MeDirect, Jean-Claude Maher. The meeting underscored the commitment of both organisations to delivering exceptional financial services and life insurance solutions to their clients.

Jean-Claude Maher, Group CEO of MeDirect, commented, "MeDirect is committed to providing the most efficient home loans service in Malta with a focus on best-in-class technology coupled with an excellent product and service offering, whether it is through our digital platforms or in person. As we work towards becoming a one stop shop for all property buyers and investors, partnering with MAPFRE MSV Life, a leader in the life insurance sector, to provide life protection products makes perfect sense. At the same time, we continue to digitise our home loan service with further significant developments coming soon.”

Elvira Lopez de Lara Merida, CEO of MAPFRE MSV Life, added, "We are excited to collaborate with MeDirect Bank, a forward-thinking institution that shares our commitment to client-centric solutions. Together, we will deliver high-quality life insurance products that offer security and protection to MeDirect's clients."

This partnership is a testament to the shared vision of MeDirect Bank and MAPFRE MSV Life in providing innovative and comprehensive financial services. Clients can look forward to a seamless experience and access to a range of long-term insurance products tailored to the needs of home buyers.