Global Capital Life Insurance declares three per cent bonus

Global Capital Life Insurance has declared a three per cent annual reversionary bonus rate payable on its interest sensitive life insurance policies in force from December 31.

This bonus rate applies across all interest sensitive policies except on those where higher guaranteed rates are built within the policy. Over the last ten years, the company has declared an average annual bonus rate of 5.2 per cent.

In declaring these annual reversionary bonuses, the company takes into consideration the performance of the investment assets held within its life fund, made up of diversified investment instruments including bonds, equities, funds, real estate and bank deposits. Once declared, reversionary bonuses are guaranteed by the company.

The declared reversionary bonus rate applies for all the company's regular premium and single premium interestsensitive endowment life insurance policies.