GlobalCapital Life Insurance Ltd has declared a 2.1% annual reversionary bonus rate, payable on all its interest-sensitive life insurance policies in force as at 31 December, 2011

. This bonus rate applies across all interest-sensitive polices except on those where higher guaranteed rates are built within the policy, such as the MoneyPlus, which offers a guaranteed bonus rate of 3.5%. The reversionary bonus rate declared for paid-up policies is 1.25%.

Over the last ten years (between 2002 and 2011) GlobalCapital Life Insurance Ltd has declared an average annual bonus rate of 3.985%.

"The financial markets worldwide in 2011 were volatile and fluctuating, ending the year mixed in performance," Bashar Khatib, CEO, GlobalCapital plc, said. "The property markets continued to be stagnant and declining. Malta financial markets have declined in 2011 by almost 18% while property markets continued to experience stagnation and downside pressure in both sales and rental markets.

"Against another difficult year, where investment returns have been negatively affected and interest rates remained low, GlobalCapital Life Insurance Ltd has declared a bonus rate which is competitive and reflective of the prevailing conditions, lower interest rate environment and continued market volatility."

In declaring this annual reversionary bonus, the company said it took into consideration the performance of the investment assets held within the company's Life Fund. The Life Fund is made up of carefully selected and diversified investment instruments, which include bonds, equities, funds, real estate and bank deposits.

The declared reversionary bonus rate applies to all the company's regular premium and single premium interest-sensitive endowment life insurance policies.