The Malta Independent 25 May 2024, Saturday
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GlobalCapital Declares 5% yearly bonus rate

Malta Independent Monday, 7 May 2007, 00:00 Last update: about 18 years ago

Following the recently-approved financial results of GlobalCapital Life Insurance Ltd, the company has declared a five per cent annual reversionary bonus rate payable on all its interest-sensitive life insurance policies in force as at 31 December 2006. This reversionary bonus rate is among the highest in the Maltese market. For the last four years, the company has been declaring a consistent yearly bonus rate of five per cent.

The company’s life fund is made up of carefully selected and diversified investment tools including bonds, equities, funds, real estate and bank deposits. The mix of such investment tools and the rating of the underlying assets is monitored and approved by an independent international actuarial firm.

The declared reversionary bonus rate applies for all the company’s regular premium and single premium interest-sensitive endowment life insurance policies. An example of a regular premium plan is the Baby Plan, an interest-sensitive endowment policy aimed at helping parents save money for their children’s future. Similarly the five per cent reversionary bonus rate applies also for the single premium interest-sensitive life insurance policies such as the successful GlobalCapital Investment Bond.

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