British American Life declares five per cent bonus rate

British American Life, a member of The Global Group declared a reversionary bonus of five per cent for 2004 payable on all British American interest sensitive policies in force as at 31 December 2004.
Simon Anastasi Chief Executive Insurance Services, stated: “Yet again, the declared bonus rate is in line with British American Life’s policy of being able to maintain, over the last years a strong and constant bonus rate. In fact, over the past 6 years this represents an average bonus rate of 5.83 per cent with 2004 bonus representing the highest bonus being paid by a local life assurance principal. This has been possible as a result of the pro-active management of our life fund and a resulting strong investment performance, against a backdrop of low deposit based interest rates and low inflation.”
British American Insurance Co. (Malta) Ltd known as ‘British American Life’ is authorised under the Insurance Business Act, 1998 to carry on long term business of insurance and is a subsidiary of Global Financial Services Group p.l.c.