About Us

Ni Sa Bula, Namaste and Welcome to BSP Life!

BSP Life, formerly Colonial Fiji Life Limited, is a leading provider of life and health insurance products in Fiji and has served the people of Fiji since 1876. It is wholly owned by BSP.

BSP, previously known as Bank of South Pacific Limited, is one of the largest and most successful banking organisations in the South Pacific. With a proud and established reputation in Papua New Guinea, and a long history of highly successful business in the region, BSP has become the most respected bank in the Pacific. In addition to being the largest bank in Papua New Guinea, BSP is represented in Fiji, Samoa, Tonga, Cook Islands, Solomon Islands and Vanuatu.

BSP Life, Fiji's leading Life and Health insurance provider today announced that it paid F$58.6M in various benefits to customers in 2017. This brings the total benefit payouts for the last three years to $155.5M. The 2017 pay-outs were the highest recorded in its 142 year history.

Of the $58.6M, $48.1M was for Life Insurance benefits and $10.5M for Medical Insurance benefits. 

Life & Health Insurance Payouts (F$)

2015

2016

2017

*Living Benefits

33.3M

32.2M

38.2M

Death & Disability

7.4M

7.6M

9.9M

Medical

6.3M

8M

10.5M

Total Payouts

$49.1M

$47.8M

$58.6M

  

BSP Life's investments include Fixed Interest Securities, Term Deposits, Properties and ownership of Rooster Poultry, Suva Private Hospital and over 60% stake in the Sofitel Resort on Denarau.

BSP Life has over 50,000 policyholders, 150 licensed Insurance Advisors and ten Customer Service Centres Fiji-wide.