Citadel Insurance declares five per cent bonus

Citadel Insurance plc has announced a bonus declaration of five per cent on all its 'with profits' policies. The bonus will be credited to the policy accounts of all the Citadel Life Investment Bond, Perla Protection and Perla Savings policies active as at December 31, 2007.

The Citadel Life Investment Bond is a 'with profits' single premium plan which was introduced into the local market in 2007. This product is a euro-denominated plan that offers a tax-efficient vehicle and attractive returns. The Perla Savings Plan is a regular savings 'with profits' plan that offers a guaranteed return of 3.5 per cent on the invested premiums.

A core element of the Perla Savings policy is its in-built flexibility which offers a choice of life, disability and accident cover with a choice of premium benefits to match the individual's financial commitments. As with all 'with profits' policies, the level of bonus declared is dependent on the performance of the underlying investments.

Since the introduction of these policies on the local market, Citadel has maintained a consistent bonus declaration by adopting a prudent investment strategy in line with the company's commitment to deliver value to its policyholders.

For more information call freephone 8007 2322 or e-mail info@citadelplc.com.