The FTSE 100-linked plan provides an income of 7 per cent a year or 0.57 per cent a month, regardless of the performance of the index.
Returns are treated as offshore dividends and are equivalent to gross returns of 8.75 per cent a year or 0.71 per cent where UK income tax would be paid.
Investors will get back their original capital at the end of the five-year term provided that the index does not fall by more than 40 per cent. If it does, the index must recover to at least its initial value to ensure a full capital return, otherwise investors will lose 1 per cent of their capital for every 1 per cent fall in the index.
Marketing manager Ronan Gelling says: “The new business figures for the previous issue were fantastic and we wanted to have another one in place when it closed.”