Sun life insurance company
is one of the oldest and a leading Canada life insurance company having started its operations in 1865. It has grown to an asset base of 73 billion Canadian dollars with $9 billion new premium written for the year 2010. Its head office is Sun Life Toronto but the company has agents and offices throughout Canada including Sun Life Ottawa among other Sun Life Ontario offices. Besides Canada, Sun life insurance also operates in US, UK, China, Japan, Ireland and India. The insurance company is publicly traded and listed in New York stock exchange, Philippines stock exchange and the Toronto stock exchange.
Sun life insurance company made a significant merger in 2002 with Clarica to become one of the leading providers of life insurance in Canada. Today, it claims control of over 20% of all life insurance business in Canada. It is the leading retirement products provider providing wealth management services and retirement benefit life insurance packages. It also controls a majority share of health, regular insurance and wealth portfolio products.
Sun life insurance company is strong in all business spheres in the insurance circles. It provides individual life insurance for permanent and term insurance, small and medium size business group benefit covers and corporate business insurance. Their term life insurance provides cover terms of 5, 10 and 20 years. Their universal policy provides guaranteed premiums option and an option for annual growth in premiums.
Sun life provide a wide array of corporate group life, Sun Life health insurance and other insurance covers. It provides health insurance covers and very robust retirement type policies to its policy holders. Sun Life group benefits controls a large share of the corporate business being the main insurance company for companies including Hewlett Packard, IBM, Pepsi and Motorola.
Some of the unique products provided by Sun Life insurance company include their flagship ‘Total Benefit’ platform that enables employees of their corporate and group clients to log onto a single interface insurance management portal. They can then know their insurance policies, their limits, their wealth management portfolio among other insurance details. They can also raise any customer related queries from the same user interface.