BSP Life Collected $98.5m Bonus For Last Five Years
BSP Life has announced that it allocated F$21.6m in bonuses to its customers or policyholders in 2018.
This brings the total bonus allocations to $98.5m for the last five years.
BSP Life’s Managing Director, Michael Nacola, said, that the 2018 bonus allocation is the highest ever provided by BSP Life and continues the increasing year on year trend experienced in the last five years.
This bonus allocation adds further value to our customers’ policies and will assist them with future financial plans.
The year on year increases demonstrate BSP Life’s strong commitment to maximising returns for policyholders and we will continue to seek innovative ways to sustain this.”
Bonuses are based on the performance of BSP Life’s investment portfolio.
The reversionary bonus for 2018 has remained at 2% of the sum insured and once declared is guaranteed.
The reversionary bonus is added to previously accumulated bonuses and is applied on a compounding basis.