BSP review

Updated September 28, 2026 · AssureCue Editorial Team · Facts checked September 26, 2026

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Our verdict

BSP Life is the insurer to consider if you want life and health cover arranged within Papua New Guinea rather than through a broker. Founded in 2017, it handles claims in house, and 5 to 59 years (Wantok Sumatin) shows the entry age band on its Wantok Sumatin plan.

Key facts

Best for
Life and health cover in Papua New Guinea, including cover that starts young.
Insurance types
Life, Health (Source, checked September 26, 2026)
Provider type
Insurer (Source, checked September 26, 2026)
Cover limit
Interim accident benefit K50,000 or the sum insured, whichever is lesser (Wantok Delite) (Source, checked September 26, 2026)
Claims channels
Email, Post, In-branch, Agent-or-broker (Source, checked September 26, 2026)
Age range
5 to 59 years (Wantok Sumatin) (Source, checked September 26, 2026)
Legal entity
BSP Life PNG Limited (Source, checked September 26, 2026)
Headquarters
Papua New Guinea (Source, checked September 26, 2026)
Founded
2017 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Official website
bsp.com.pg

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • You deal with an insurer rather than a broker, and the policy sits with BSP Life PNG Limited.
  • Life and health policies run under life and health, so you can arrange them together.
  • Claims start through email, post and in branch, which includes in-branch help and an agent or broker.
  • Support runs on email, phone and help centre.

Cons

  • Entry ages run 5 to 59 years (Wantok Sumatin), so cover stops before the point many people need it.
  • The list runs life and health only, leaving home, travel and motor cover to another provider.
  • A claim has to travel on email, post and in branch, so a postal claim waits longer than an email claim.
BSP

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Scored 9.0 / 10 by AssureCue.

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Who it suits

  • Families in Papua New Guinea covering a child, since Wantok Sumatin runs 5 to 59 years (Wantok Sumatin).
  • People who want life and health policies from the insurer itself, BSP Life PNG Limited.
  • Customers who would rather raise a claim in a branch or by email than post it, with email, post and in branch to pick from.

Who should look elsewhere

  • Linxea, if you want life cover with no health line: it lists life.
  • Oney Préstamos ES, if you want gadget cover alongside health and life, since it lists health, life and gadget.
  • Good Sam Insurance Agency, if you need auto, home, travel or pet cover in the same place, per auto, home and renters.

How your money is protected

BSP is an insurer, so it holds your premium and pays your claim itself rather than passing it to a broker. Its policies are supervised in Papua New Guinea by the Bank of Papua New Guinea under the life insurance law, which sets the rules for policy terms, premiums and payouts. Read the key disclosure statement for the terms on your own policy.

How BSP compares

Where BSP is available

Available
Papua New Guinea
Licence in Papua New Guinea
Bank of Papua New Guinea (Life Insurance Act 2000), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does BSP Life sell?+

BSP Life sells life and health policies through the bank's personal banking arm, and it is an insurer rather than a broker. The legal entity behind the cover is BSP Life PNG Limited, so your premium and any payout stay with that company.

Who regulates the company?+

Policies are regulated in Papua New Guinea by the Bank of Papua New Guinea under its life insurance law. That law sets the rules for policy terms, premiums and payouts, and the company underwrites its own cover as BSP Life PNG Limited.

How do I make a claim?+

Claims can be started on email, post and in branch: by email, post, in a branch, or through an agent or broker. The claim stays with BSP Life PNG Limited as the insurer whichever route you pick.

How do I get help with my policy?+

Support runs on email, phone and help centre, giving you a phone line, email and a help centre. Claims have a separate set of routes through email, post and in branch, so a question about a payout can still be raised in branch.

Who can be covered?+

Entry ages on Wantok Sumatin run 5 to 59 years (Wantok Sumatin), so a child can be covered alongside an adult. Wantok Delite adds an interim accident benefit that pays the sum insured or a fixed cap, whichever is lesser.

When was the company founded?+

The company was founded in 2017 and is headquartered in Papua New Guinea. As a locally based insurer, it writes its own policies rather than placing them with another carrier.

How does it compare with wider providers?+

BSP lists life and health only, so it covers a narrower set than auto, home and renters or health, life and gadget. Readers who want life cover with nothing else attached can look at life instead.

Sources

  • bsp.com.pg/personal-banking/insurance/bsp-life checked September 26, 2026

    Backs: Insurance types, Support channels

    “Life insurance - Safeguard your family's financial future. Health insurance - Cover your family's medical costs, hospital stays and essential care. Mortgage protection - Protect your home with a plan...”

  • bsplife.com.pg checked September 26, 2026

    Backs: Provider type, Founded, Headquarters

    “We are the only insurer in PNG offering an Anticipated Endowment Product!”

  • bsplife.com.pg/key-disclosure-statement checked September 26, 2026

    Backs: Legal entity, Licences

    “The full name of the insurer is BSP Life PNG Limited operating as a life insurance business.”

  • bsplife.com.pg/make-a-claim checked September 26, 2026

    Backs: Claims channels

    “Here are a number of ways you can submit a claim. Contact your Life Insurance Agent or Broker Account Manager; Visit a BSP Branch to lodge a Consumer Credit Insurance claim; Visit a BSP Life PNG...”

  • bsplife.com.pg/wantok-delite checked September 26, 2026

    Backs: Cover limit

    “Free interim accident cover will apply while your application is being considered, the benefit will pay K50,000 or amount equal to your sum insured whichever is lesser.”

  • bsplife.com.pg/wantok-sumatin checked September 26, 2026

    Backs: Age range

    “Eligibility starts at 5 years old to a maximum entry age of 59 years”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Premium from, Monthly payments.

BSP

BSP

Life and health cover in Papua New Guinea, including cover that starts young.

9.0/10See alternatives

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