Bula Saver Plus

Bula Saver Plus is a "special savings plan" with added value.

It is designed to cover prospective costs and meet your pre-planned events such as:

  • Business start up
  • Regular business cash flow needs
  • Regular family events such as school, marriage, family start up costs, travel costs
  • Regular cash for future investment opportunities and so forth

Bula Saver Plus Benefits

Policy cover and premium paying period is for 21 years.

Maturity Benefits

Receive your proceeds less debts in three installments as follows:

  • 25% on the 7th year
  • 25% on the 14th year and what's more
  • 100% on the 21st year plus bonuses

Benefits are payable on the policy anniversary dates when due.

Death Benefit

Pays out the full sum insured plus bonuses less debt on the death of the life insured.

Terminal Illness Benefit

  • Pays out 50% of the sum insured plus bonuses less debt when the life insured is diagnosed to be terminally ill and has less than six months to survive.
  • Premium payment and all attachable benefits will cease as a result.
  • The remaining 50% sum insured plus bonuses are payable on the death of the life insured.

Attachable Benefits

Increase the value of your life cover at minimal premium levels. Select one or more of the following attachable benefits:

  • Accidental Death Benefit

This benefit provides an additional sum insured to your Bula Saver Plus plan and it is paid out if the life insured dies in an accident.

  • Waiver of Premium for Disability

Future premiums will be waived on the total and permanent disability of the waiver life.

  • Waiver of Premium for Death or Disability

Future premiums payable on the Bula Saver Plus will be waived on the waiver life's death or total and permanent disability.

  • Critical Illness

Provides for an advance payment in the event that the life insured is diagnosed to be suffering from a defined Critical Illness

Additional Benefits
More benefits provided by your Bula Saver Plus policy:

Cash Value

Bula Saver Plus accumulates a 'Cash Value' once your policy is in force for 2 years and 2 years premiums are fully paid. There are options to utilise this cash value if your needs change over time.

Loan Value

You may take a loan on your policy at an interest rate applicable at that time once your policy is in force for 2 years and 2 years premiums are fully paid and the loan value is $200 or more.

How to apply

Click here to download a Life Insurance Application form or call 132 700 to contact a BSP Life Agent. Alternatively, you can also click here to contact or visit your nearest BSP Life Sales Office.

Download Bula Saver Plus Brochure

NOTE: Information in this web page is not legally binding. All details however are outlined in the Insurance Policy Document.

* Terms and conditions apply