Triple C Plan Enhancement Information

Subject to there being monetary surpluses available within Policyholders’ Reserve Funds, benefits paid out on policies/group member accounts from 1 July 2015 may be increased by an additional percentage (known as an enhancement) determined by the insurer at its discretion upon taking advice from the Appointed Actuary.

The enhancement currently applying to benefits paid out from the Triple C Plan 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.

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 the enhancement is expected to remain stable.

The following additional points should be noted:

• The enhancement is discretionary and not guaranteed.
• The increase, if applicable, will only be applied at the time the policy/group member account is paid out and is not an annual bonus.
• The insurer reserves the right to change the principle of the enhancement, including withdrawing it or replacing it with a different principle if it is seen to be fairer to policyholders/group members.