Business | SUNBIZ

BSP Life’s $1 Billion Investment Target

BSP Life’s total investments were valued at $985 million, an increase of $518 million, since the company was rebranded 10 years ago.
29 Mar 2023 16:35
BSP Life’s $1 Billion Investment Target
BSP Life managing director, Michael Nacola. Photo: Josefa Babitu

A leading life and health insurer is optimistic about its $1 billion investment portfolio target by the end of the year.

BSP Life will also pay out $36.8 million in bonus to its 40,000 policy holders, the highest bonus pay-out in the company’s 145-year history.

Of the $80 million in customer benefits, $56 million went towards living benefits.

Close to 95,000 claims were processed in 2022, amounting to an average payout $1.5 million a week.


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