BSP Life, has announced that it paid F$49.1M in various benefits to customers in 2015. This brings the total of customer benefits paid out in the last three years to $142.8M.

For 2015, $42.8M was for Life Insurance benefits and $6.3M for Medical Insurance benefits.

BSP Life’s Managing Director Mr Malakai Naiyaga said, “In 2015 we paid an average of $944,000 a week enabling thousands of customers or policyholders benefit from their policies with us.

“We view life and health insurance as an essential service and it gives us great satisfaction to see many Fijian households benefiting from their investments with BSP Life.”

Through the year, $33.3M was paid to over 1000 policyholders for life insurance maturities enabling them to meet various life needs including retirement, tertiary education, setting up small businesses, expanding an existing business, paying off a mortgage or taking a well-deserved holiday.

Life insurance policy

Mr Naiyaga added, “We believe that having a life insurance policy is now a need and no longer a want. Life insurance is about transferring life risks to an insurer.

SOURCE: BSP LIFE