Optimum Life

Optimum Life is a life insurance and pensions intermediary based in Birkirkara, in the middle of the island. It helps individuals, families and businesses choose plans for retirement, saving and protection, and every product it arranges is provided by IVALIFE Insurance Limited. The business has been advising clients for more than 18 years and prides itself on a personal approach.

On VisitMalta.co.uk Optimum Life is listed in our directory of insurance in Malta, and our overview of financial services in Malta shows how insurers and intermediaries fit into the wider sector.

Who Optimum Life is and how it is regulated

Optimum Life Limited is authorised under the Insurance Distribution Act to act as an enrolled tied insurance intermediary for IVALIFE Insurance Limited, carrying out long term business in Malta. A tied intermediary sells the products of one insurer, so the plans you are offered all come from IVALIFE. That insurer is authorised under the Insurance Business Act, and both companies are regulated by the Malta Financial Services Authority. IVALIFE is owned in equal parts by four leading financial services companies.

Robert Pace is co-founder and team manager. The team treats insurance as a partnership rather than just a safety net, which in practice means listening to your circumstances first, working out what you need and then finding a policy that fits, whether the need is personal or business related. Clients are guided through the whole process, from understanding their requirements to comparing the options within the IVALIFE range and putting a policy in place.

Pension, savings and protection plans

The personal pension plan is aimed at people who want to set aside a modest sum for retirement as well as those who want to contribute more and make their saving as tax-efficient as possible. UK readers who are thinking about retiring in Malta may want to read our guide to Malta tax for UK nationals alongside any conversation about pensions.

The savings plans cover two situations: putting a little aside for a rainy day, or investing a lump sum. Protection plans come in two types. One suits people taking out a mortgage or wanting to safeguard loved ones. The other, a group life plan, offers life cover for a company's employees at relatively low cost and can be combined with disability cover, critical illness cover and a repatriation benefit.

Plans for each stage of life

The plans are grouped by who they suit. Young achievers get financial stability and protection from the start of their working lives. Family guardians look for security for those who depend on them. The golden years plans are meant for seniors who want comfort and stability in retirement, and business protectors need cover for an enterprise and its most valuable assets.

If you are planning to settle on the island, our guide to relocating to Malta from the UK covers the wider practical steps, and Optimum Life can talk through which cover applies once you are here.

Visiting the Birkirkara office and getting in touch

The office is at 1A Tumas Fenech Street in Birkirkara, and it is open on weekdays from 8:30am to 7:00pm. On Saturday it opens from 8:30am to 1:00pm by appointment only, and it is closed on Sundays and public holidays. The business recruits staff who are fluent in Maltese and English, and the website has a chat window for quick questions. Optimum Life also recruits sales executives, both part time on the phone and full time meeting clients in person, and applications are made through its careers page.

When you write, say whether you are interested in a pension, a savings plan, protection for a mortgage or family, or group cover for a company. Use the VisitMalta.co.uk enquiry form on this page and we will pass your message to Optimum Life.