Bonus Information

The Triple C Plan bonus is declared in December each year and credited to your Policy in the following January (e.g. declared in December 2023 and credited in January 2024). Premiums credited to the account part way through the year receive a proportion of the full annual rate of bonus.

1 JANUARY 2024 BONUS

The discretionary annual bonus rates for 2023, applying apply to Account Values from 1 January 2024 are as follows:

* if you have a CHF Triple C Plan Policy, you should consider this information in conjunction with the announcement that can be accessed by clicking here.

** if you have a DKK Triple C Plan Policy, you should consider this information in conjunction with the announcement that can be accessed by clicking here.

The above rates are subject to a minimum of the guaranteed annual bonus which varies between 0% and 3% depending on the currency of the contract, the date the Policy was established and/or the date Policy premiums were paid to the insurer.

Information on the 2021 declaration, average annualised bonus % and annual bonus history for this product is accessible at the following link: Triple C Plan Bonus History

FURTHER INFORMATION ON BONUSES

The bonus regulations applying to this product have been issued to Policyholders by regular mail. In addition, an Amendment to the Bonus Regulations is available at the following link: please click here. If you have any questions, please contact us (https://nordben.com/contact/).

In order to determine bonuses, a financial review is carried out by the insurer's Appointed Actuary each year. The financial review compares the insurer's assets (the total value of our investments) with its liabilities (the total value of money we owe to our policyholders in respect of our insurance contracts) and considers the insurer's financial position. The basis used for calculating the liabilities is available by contacting us directly. 

In order to manage the risks associated with a declining number of policies, the insurer has entered into a reinsurance arrangement with its shareholder, Monument Re Limited.

One of the principal effects of the reinsurance arrangement is that profits arising in the relevant Funds will become more certain and so future discretionary annual bonus declarations on and after 1 January 2021 are expected to remain stable.

The insurer reserves the right to amend the bonus regulations and use its discretion when declaring future discretionary annual bonus rates.