Kwila Insurance Corporation Ltd provides Life Insurance cover to employed people in Papua New Guinea. Our policy is a carefully designed investment fund to provide insurance and security for ordinary wage earners.

Policy holders may deposit extra funds to their policy, apart from premiums or loan repayments. At Kwila we call this FPS – future premium savings. This amount attracts a generous interest rate of 5% and can be used to simply save extra – or to pay premiums from if a policy gets into arrears.

After 12 months membership a policy holder may borrow against the net cash value of his policy at very low interest rates. Currently less than 15% p.a. A policy owner can borrow against the net policy balance of the savings after the policy premium is paid for more than six (6) months.