Page 28 - IB Mar 2020

Launches New Single Premium Products

TRADE MARK CAUTIONARY NOTICE IN NAURU
As part of their efforts to broaden cover- • No underwriting for sums insureds
age of Life Insurance and support the de- per Life up to $1,000,000.
NOTICE is hereby given that Hino Jidosha Kabushiki Kaisha (also trading as Hino Motors, Ltd.), a Japanese corporation of 1-1, Hinodai
3-Chome, Hino-Shi, Tokyo, Japan, is the sole proprietor in Nauru and elsewhere of the following trade mark: velopment of a stronger savings culture • A term of 10 years.
in Fiji, BSP Life has launched two new • Cover is available from birth to age
innovative products. 60.
• Security of worldwide protection
At a press conference this morning BSP 24/7.
Life introduced its single premium prod- • Sum insured plus accumulated bo-
ucts – BULA SECURE and BULA SECURE nuses at maturity.
PLUS. The products were launched by
Used in respect of :- the Reserve Bank of Fiji (RBF) Deputy
Governor, Esala Masitabua. In addition, a free interim accident cover
Automobiles; trucks; buses; parts and fittings for automobiles; engines and motors of land vehicles - Class 12
equivalent to $50,000 or the sum insured
Repair or maintenance of automobiles - Class 37 Deputy Governor, Masitabua said, “I am Reserve Bank of Fiji Deputy Governor, Mr. Esala Masitabua (whichever is less) will be applicable
and BSP Life Managing Director, Mr. Michael Nacola
delighted to launch these new products during the launch of the Bula Secure and Bula Secure Plus while applications are being processed.
The said proprietor claims all right and respects of the above trade mark and will take all necessary legal steps against any person or for BSP Life. Launching of these new products at the BSP Life Boardroom. Other benefits include bereavement sup-
company infringing their said rights. products demonstrates commitment, port and a death benefit.
confidence and reinforces the critical role cies with simplicity and ease for custom-
that financial institutions have in achiev- ers. There is no underwriting or medical Mr Masitabua also shared information
ing the objectives of the Reserve Bank of assessment required where sums in- from the 2018 Insurance Report high-
Fiji’s financial inclusion program. People sured are less than a $1m dollars. Cus- lighting that Life Insurance is one of the
DAVIES COLLISION CAVE PTY LTD now have two more financial tools to help tomers who take up these products will sectors that has contributed significantly
Patent and Trade Mark Attorneys them with their financial planning. I con- participate in our large and diversified in- towards national economic growth and is
1 Nicholson Street vestment portfolio sharing in the returns
Melbourne, Victoria, 3000 gratulate the team at BSP Life for their of the portfolio with other customers who anticipated to continue to do so in future.
AUSTRALIA hard work and determination to offer cus-
tomised solutions for our people noting have our regular products”. “Life Insurance plays a key role in pro-
that these new products are in addition viding safety and security against uncer-
to a product that was launched only 16 Mr Nacola added that BSP Life is the tainties. It provides protection against
months ago, BULA DELITE.” first to offer the benefit of earlier cash financial hardship and helps build finan-
TRADE MARK CAUTIONARY NOTICE IN NAURU pay-outs on a single premium product; cial resilience. The industry has evolved
At the launch, BSP Life’s Managing Di- a feature of BULA SECURE. This feature rapidly over the years. Total assets of
rector, Mr Michael Nacola said, “We are offers flexibility for those needing cash the Fijian insurance industry grew by 9.2
NOTICE is hereby given that Hino Jidosha Kabushiki Kaisha (also trading as Hino Motors, Ltd.), a Japanese corporation of 1-1, Hinodai returns aligned to their life plans before
3-Chome, Hino-Shi, Tokyo, Japan, is the sole proprietor in Nauru and elsewhere of the following trade mark: excited to deliver two further innovative percent to $1.8 billion attributed to the
products to the market that build on our the maturity date. accumulation of assets by the life insur-
already broad product range. BULA SE- ance sector. The life insurance sector’s
CURE and BULA SECURE PLUS are single Benefits for BULA SECURE include: total assets grew by 14.2 percent to $1.4
premium products that were developed • Sums insured of $20,000 to billion, underpinned by the growth in in-
following extensive market research, $2,000,000. vestments in Government securities and
identifying gaps in the market that we • No underwriting for sums insureds equities. BSP Life is a major player and
can meet, with a view to providing more per Life up to $1,000,000. through their investments, broad eco-
choice for customers. Less than 15% of • A term of 10 years. nomic benefits are created,” he added.
Used in respect of :- our people have life insurance products • Cover is available from birth to age
that have a complementing savings or in- 60. BSP Life is urging those interested in the
Automobiles; trucks; buses; parts and fittings for automobiles; engines and motors of land vehicles - Class 12
vestment element. These new products • Security of worldwide protection new products to meet BSP Life Insurance
Repair or maintenance of automobiles - Class 37 are designed to assist those who are un- 24/7. Advisors for further information.
able to pay insurance premiums continu- • 20% of the sum insured each year in
The said proprietor claims all right and respects of the above trade mark and will take all necessary legal steps against any person or ally, but have the capability to pay a lump the last four years of the policy term “Our professional Advisors will assist
company infringing their said rights. sum upfront. These include landowning preceding maturity. and provide the right guidance on the
units, our farmers, including kava farm- • At maturity, receive 20% of the sum product and design tailor-made solutions
ers, our professional rugby players, small insured with declared bonuses. to suit you and your family’s needs,” Mr.
to medium business entrepreneurs, or Nacola said.
DAVIES COLLISION CAVE PTY LTD anyone who has surplus cash that they’d
Patent and Trade Mark Attorneys like to invest whilst also obtaining valu- Benefits for BULA SECURE PLUS in- Visit your nearest BSP Life Centre for
1 Nicholson Street able life insurance.” cludes: more information on the new products.
Melbourne, Victoria, 3000 • Sums insured of $50,000 to
AUSTRALIA The brochures are now available on our
Mr Nacola added, “We designed the poli- $2,000,000. website www.bsplife.com.fj

28 Islands Business ,March 2020