Industrial Alliance Life InsuranceBack to list
President & CEO: Yvon Charest
AM Best Rating: A
Assets: $15 billion
New Premiums Written: $2.28 billion
Industrial - Alliance Life Insurance
1080 Grande Allée West
PO Box 1907
Quebec City, Quebec
Toll Free: 1-800-463-6236
Web Address: www.inalco.com
* Info courtesy of www.ambest.com, accessed 2012 and the 2010 Annual Report.
Industrial Alliance Insurance and Financial Services Inc. is among the 100 largest companies in Canada, and is listed on the Toronto Stock Exchange (AIG). The company was founded in 1892, and has a long history of providing insurance products and financial services.
They offer a wide range of insurance and financial products, to both individuals and companies of all sizes. The company has more than three million customers across Canada.
For individuals, there is a whole range of products, including traditional insurance products, mortgage insurance, illness and disability insurance, and accident insurance for adults and children. One of the products, the Peek-a-Boo, is specially designed for newborn babies residing in Canada and protects against any unexpected accidents. It comes free of charge for the first year, therefore parents are not burdened with any initial cost.
Regarding companies and organizations, Industrial Alliance has many insurance solutions to cover employees or groups in any sector, including school classes and sport teams. Their product Accigroup provides group coverage during activities (excluding travelling), while Accigroup Plus offers continuous worldwide coverage for the insured members during their trip or activities.
The company’s latest product is Ecoflextra which was launched in December 2007. This unique product is offered to individuals who are looking for retirement income protection combined with growth potential. It protects against market changes and allows clients to fully recover their investment.
Industrial Alliance Company News
Industrial - Alliance Life Insurance Policies
1. They have a unique pick-a-term policy, which allows the insured to pick between terms of ten years to 40 years.
2. They have limited pay options with the guaranteed cost of insurance on their Universal Life policies.
1. No participating Whole Life policies.
2. Limited disability Insurance solutions for professionals.