BSP Life today rewarded their forty thousand policy holders $38.4 million as they announced the biggest payment ever in it’s 147 year history.
Managing Director for BSP Life, Michael Nacola says today is the day they reflect on the trust their customers have in them, and this is backed by the very efficient and lean operation of BSP Life staff.
Nacola says they are a trusted customer custodian so when customers take up a policy they are putting their trust in them.
He says whether the customer pays $20 or $200 a fortnight, irrespective of the size of the policy, it matters to them because they are all part of their investment component which will provide a good return to their customers.
Nacola says their singular purpose is to make a difference in their customers’ lives and help increase the value of customers' policies supporting them fulfill their financial goals.
Nacola adds that it is pleasing to note that every year there is an increase in the quantum of bonuses declared over the last ten years.
He reiterates the bonuses are compounding in nature, adding value to policies for the duration of the policy term until it matures, and in the event of untimely loss of the life insured, declared bonuses are included in the payout to beneficiaries.
He says all the policyholders will partake in this bonus exercise.
Nardeep Kumar a taxi driver who resides in Koronivia is one of the beneficiaries of the bonus announced today and told fijivillage News that he is glad he made the sacrifice and commitment to invest in this policy in 2019.
Kumar says he is encouraging his two daughters who are both in secondary school to take up the policy too, when they are working.
He says it is a very good policy and he is encouraging people to take up the policies to help improve their lives.
Kumar says he will also finish the renovation works that he has started at his house and he will continue to invest in BSP life.
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