SUNBIZ

Family Receives $50K Death Payout From BSP Life

BSP Life, in partnership with the Fiji Corrections Service (FCS) has made another death benefit payout for the untimely death of a Corrections Officer last month. Widow Fane Waqanivalu received
02 Mar 2017 11:00
Family Receives $50K Death Payout From BSP Life
From left; BSP Life’s claim assessor Losalini Waqalevu, Marsh Ltd’s branch manager Wayne Wong, Bulou Rabua of Marsh Limited, Fane Waqanivalu, Commissionerof Corrections Commander Francis Kean and BSP Life project manager operation strategies Peter Fatiaki at the handover yesterday.

BSP Life, in partnership with the Fiji Corrections Service (FCS) has made another death benefit payout for the untimely death of a Corrections Officer last month.

Widow Fane Waqanivalu received a $50,000 cheque from the Commissioner of Corrections, Commander Francis Kean, thanks to her late husband’s life insurance policy.

The late Corrections Officer Class B (COB) Eminoni Waqanivalu, who died at 51, had only contributed twice to the mandatory BSP Life and Medical Insurance cover.

“It all came as a surprise to me. Although we knew he was insured we did not expect to receive this large sum of money,” Mrs Waqanivalu said.

With the help of Marsh Limited which came in as the insurance broker to address the FCS’s (client) risk management and insurance needs, BSP Life took over as FCS Group Insurance provider in December.

“I thank Marsh Limited for assisting us and also BSP Life for the payout. But, I wouldn’t be getting this amount if it wasn’t for this mandatory insurance policy by FCS.”

She said the money would go towards her children’s education and also assist them in buying a property.

Project manager operation strategies of BSP Life, Peter Fatiaki said they were actually happy to meet their obligation in terms of the promise they had sold to FCS.

BSP Life made their first death benefit payout in January for the untimely death of COB Temo Tadulala. BSP Life hopes that the small amount would help prepare the family get on with their lives.

“That’s the nature of our business. We take on risk and when it happens, we will accommodate the insurance requirements taken up with us and we are always happy to fulfil our promise,” Mr Fatiaki said.

Commander Francis Kean hopes that the small contributions given in partnership with BSP Life can contribute to the wellbeing of Mrs Waqanivalu and her five children.

Source: FCS

Feedback: rachnal@fijisun.com.fj

 

 

Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper