Bank of the South Pacific Life announced a $36.8 million in bonus pay-out for policyholders.
BSP Life Managing Director Michael Nacola indicated that 40,000 policyholders are expected to benefit from this bonus pay-out.
Nacola said this is the highest ever bonus payment that the insurance company has paid out in its 145 years of service.
He added that this pay-out is made following the company’s performance in the 2022 financial year.
