The market leader in life insurance sets standards in ongoing interest payments.
(Photo: dpa)
Munich, Frankfurt For years, interest rates at German life insurers only went in one direction: downwards. But now millions of insured persons in Germany can hope for a trend reversal in private old-age provision. The year-long decline in policies appears to have come to an end.
The German market leader Allianz, which has a market share of 28 percent in this country, will in future offer 2.5 percent for classic contracts with fixed guarantees – after 2.3 percent in the previous year. The insurer announced this on Monday.
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