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 31 December 2009 on all CitadelLife Investment Bonds and Perla Savings policies. Perla Protection policyholders will be credited with the guaranteed 4.5 per cent bonus.

Head of Citadel’s Life Department Mark Lamb commented: “Our valued

policyholders have again benefited from the application of a market leading bonus rate combined with a minimum guaranteed return and we are happy to continue to offer our clients the security and growth we believe they require.” He pointed out that over the last 10 years, the company has declared an average annual bonus rate of 5.2 per cent.

The CitadelLife Investment Bond and Perla Savings Plan are tax-efficient life insurance policies in terms of current tax legislation. Furthermore, Citadel’s Perla Savings Plan offers a minimum guaranteed return of 3.5 per cent on invested premiums while no up-front allocation fee is applied to the single premium

policy CitadelLife Investment Bond under the terms of the current special offer.