Citadel Insurance plc has announced a bonus of four per cent on all its with-profits policies. The bonus will be credited to the policy accounts active as at 31 December 2008 on all CitadelLife Investment Bonds and PERLA Savings policies.

PERLA Protection policyholders 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, 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 observed that the company’s “above average bonus rate reflects our 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 per cent on the invested premiums while no allocation fee is applied to the CitadelLife Investment Bond single premium policy under the terms of the current special offer.