Over the past 10 years, BSP Life has achieved a customer base of about 90,000 worth $80million in insurance premiums.

Company managing director Michael Nacola said their investment portfolio has also grown substantially.

“Over the last 10 years a lot of development has happened as a business,” he said. “At the time our investment portfolio was around $370m, today it stands at $780m, more than doubling in the span of 10 years.

“We’ve grown fast in the last 10 years than we have in the prior 130 years.

“Our annual premium which is the collection that we get from various insurance policies, at the time of the takeover was around $45m; today it stands at close to $80m.

“We had the health business, at the time we had around $10m, today it stands at around $20m.

“In terms of our combined customer base, at the time we had around 50,000, 10 years later we are sitting at around 90,000.”

While speaking at the ground breaking ceremony of a $7.5m development in Nadi, he explained that the company’s 10 year exponential growth could be compared to the Jet Set Town’s progress.

“So the growth of BSP Life is almost likened to the growth of Nadi which has been very fast in a short period of time and we acknowledge those that have pioneered the transition from Colonial to BSP Life and where we are today,” said Mr Nacola.