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Insurers keeping annual bonus rates unchanged

Life funds post poor 2018 returns but smoothing mechanism keeps bonus rates intact

Two insurers - Prudential and Aviva - are adjusting terminal bonuses (TBs) on some products.

POLICYHOLDERS of traditional life insurance plans can heave a sigh of relief.

Despite a relatively poor showing among life funds in 2018, insurers are maintaining their annual bonus rates, reflecting the benefits of the "smoothing" mechanism that applies to participating policies.


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