Bula Delite

Bula Delite is an attractive life insurance product providing regular cash returns at lower* premiums making insurance more accessible for Fijians to save and provide financial security for loved ones. Customers will receive cash returns at each 3 year interval. The maturity benefit is paid at the end of the policy term with accumulated bonuses.

This product is more* suited for job 
starters, low to middle income earners, as well as customers with existing policies who want to add a new policy that provides quicker pay-out benefits.


Features and Benefits

  • Provides lump sum cash every 3 years. The payout at each interval is 10% of the sum insured.
  • Select a policy term of 15, 18, 21 or 24 years.

  • Final payment of the balance of the sum insured plus declared bonuses at the end of the policy term.

  • Bonuses are declared annually and added to your policy on a compounding basis.

  • Cover your spouse (legal or de facto) as the second life insured with a term life rider benefit.

  • You can also cover your spouse with the accidental death rider benefit.

  • You enjoy the security of worldwide cover.

  • War-zone cover is provided for members of the Fiji armed forces and Fiji Police Force on internationally sanctioned peace keeping missions.

  • Policy debts (if any) will be deducted from all benefit payments made.

Here is an example of payouts, including maturity payment for the different policy terms. The information shown is an illustration only. 

 Policy Term (Years)  Years and percentage payout
   Year 3  Year 6  Year 9  Year 12  Year 15  Year 18  Year 21  Year 24  Total Payout
 15  10%  10%  10%  10% 60%*        100%**
 18  10% 10%   10%  10% 10%  50%*
   100%**
 21  10% 10%   10% 10%  10%  10%  40%*
 100%**
 24  10%  10%  10% 10%   10%  10%  10% 30%*  100%**

* Compared to other BSP Life products with shorter premium payment term.

** Bonuses (if declared) are added to the maturity payout.


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