“Term Life Insurance is part of a good defensive plan.”
Key Disclosure Statements Summary
BSP LIFE PNG LIMITED
The purpose of this disclosure statement is to provide policyholders, potential policyholders, and other market participants with information about the financial condition of BSP Life PNG Limited as at 31 December 2019 as required by the Bank of Papua New Guinea.
The full name of the insurer is BSP Life PNG Limited operating as a life insurance business. BSP Life PNG Limited commenced its operations in PNG in the year 2018 and is licensed and supervised by the Bank of PNG under the Life Insurance Act 2000.