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Citadel Insurance declares 4% bonus rate

Citadel Insurance plc has announced a bonus declaration of 4% 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 CitadelLife Investment Bonds and the PERLA Savings policies. The PERLA Protection policyholders will be credited with the guaranteed 4.5% bonus.

Over the last 10 years the company has declared an average annual bonus rate of 5.5% and the CitadelLife Investment Bond and PERLA Savings Plan are tax efficient life insurance policies in terms of current tax legislation. Head of Citadel’s Life department, Mark Lamb, stated that “our above average bonus rate reflects our Company’s prudent investment strategy taken on behalf of our clients throughout these uncertain times.”

Citadel’s PERLA Savings Plan offers a minimum guaranteed return of 3.5% on the invested premiums while no allocation fee is being applied to the single premium policy “CitadelLife Investment Bond” under the terms of the current special offer.

The Company is authorised by the Malta Financial Services Authority. For further information please contact our Head Office at ‘Casa Borgo’, 26, Market Str., Floriana FRN1082, call Freephone 800 72322, visit www.citadeldirect.com or email us on: info@citadelplc.com