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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 2020 and credited in January 2021). Premiums credited to the account part way through the year receive a proportion of the full annual rate of bonus.

1 JANUARY 2021 BONUS

The discretionary annual bonus rates for 2020, applying apply to Account Values from 1 January 2021 are as follows:

Currency

2020 Bonus

CHF*

0.00%

DKK**

0.00%

EUR

0.50%

GBP

2.50%

NOK

2.00%

SEK

1.75%

USD

2.75%

* 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 Nordben.

Information on the 2019 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 Nordben’s Appointed Actuary each year. The financial review compares Nordben’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 Nordben’s financial position. The basis used for calculating the liabilities is described in Nordben’s Annual Report and Financial Statements which can be accessed by clicking here.

Nordben was closed to new business in 2015 and since that date the number of policies has continued to decline. In order to manage the risks associated with a declining number of policies, Nordben 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.

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