Citadel declares bonus rate

Citadel Insurance plc has announced a bonus declaration of four per cent on all its with-profits policies. The bonus will be credited to the policy accounts active as of December 31, 2008, on all of the Citadel Life Investment Bonds and the Perla Savings policies. The Perla Protection policy holders will be credited with the guaranteed 4.5 per cent bonus.

Over the last 10 years, the company has declared an average annual bonus rate of 5.5 per cent.

The Citadel Life Investment Bond and Perla Savings Plan are tax-efficient, life insurance policies in terms of current tax legislation.

Citadel's Perla Savings Plan offers a minimum guaranteed return of 3.5 per cent on the invested premiums while no allocation fee is being applied to the single premium policy Citadel Life Investment Bond under the terms of the current special offer.