Standard Life

As a mutual insurance company, Standard Life is owned by its policyholders, who share directly in its profits through a bonus system (called reversionary bonuses), which provides coverage beyond the basic sum insured. Thus, without any increase in premiums, coverage rises at a compound rate, affording an effective hedge against inflation. Standard Life employs some 12,000 people worldwide. In Canada Standard Life employs over 2,400 people. Products and Services In 1833, the company’s first product offering in Canada was life insurance. Since then the company has evolved to become a leading provider of financial services. These include an ever-expanding portfolio of flexible and competitive products to meet the changing needs of individuals and groups: insurance; savings and retirement products for individuals; pension solutions; life and health plans for large and small employers.