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On March 5, 2019 Mapfre MSV Life plc announced the bonus rates for With Profits Plans for the year ended December 31, 2018. A Regular Bonus Rate of 2.35 per cent was declared on the company’s core products namely the comprehensive flexi plan (regular andMapfre MSV Life plc declares 2018 bonuses
On March 5, 2019 Mapfre MSV Life plc announced the bonus rates for With Profits Plans for the year ended December 31, 2018. A Regular Bonus Rate of 2.35 per cent was declared on the company’s core products namely the comprehensive flexi plan (regular and single premium policies), the single premium plan and on the with-profits options of the investment bond, retirement plan and the personal pension plan. A regular bonus rate of 2.25 per cent was declared on the comprehensive life plan (regular and single premium policies) while on the old series endowment and whole life policies, a regular bonus of 1.50 per cent of the basic sum assured plus bonuses was declared. In addition, the board also announced the declaration of a final bonus in respect of comprehensive life plans (single and regular premium), comprehensive flexi plans (single and regular premium) and single premium plans that have been in force for more than 10 years. The final bonus will be paid on claims payable as a result of death or maturity between March 5 and the next bonus declaration, at a rate of one per cent for every year in force after the 10th year of the policy. This final bonus will be paid on the... Read more