BSP Life has today announced that its investment portfolio is now sitting at $501 million and has surpassed the half billion dollar mark for the first time in its 135 year history.
BSP Life says investment assets saw pleasing growth in the last 11 months, with December performance expected to be a bumper month for its private equity investments.
Managing Director, Malakai Naiyaga says the strong growth in their investment portfolio is positive news for all customers or policyholders who are direct recipients of the returns from these investments via their annual bonus allocations.
These bonuses are calculated on a compounding basis adding value to their life insurance policies.
Naiyaga says surpassing the half billion mark is significant for BSP Life and they will continue to explore avenues to further expand their investments to build value for customers and to contribute to Fiji’s economic growth.
He says majority of BSP Life’s investments are local, creating employment for people with economic spinoffs in the various industries where these investments are placed.
BSP Life has around 90,000 policyholders, 150 professional and fully licensed advisors and ten Customer Service centres Fiji‑wide.
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