BSP Life Insurance has announced a bonus payout of $36.8 million for the 2022 financial year.

Managing Director, Michael Nacola says this is also the highest payout in their proud 145-year history.

Nacola says the bonuses will be distributed to their 40,000 policyholders with investment-linked policies.

He says it is a celebration of the customer's trust in them as they are excited to reward them for their loyalty following the COVID-19 pandemic period.

He says in the last ten years, BSP Life has allocated over $200 million in bonuses with an increase year-on-year trend.