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The dental plan is managed by Sun Life Financial, [22] under a $747 million contract it signed with the federal government. [23] The management contract is for five years, and can be renewed for an additional five years at its expiry. [23] Its system was designed to process about 500,000 applications for program enrolment each month. [24]
Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 [4] trillion in assets under management operating in a number of countries. [5] Sun Life ranks number 235 on the Forbes Global 2000 list for 2022.
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Founded as the Travellers Life Assurance Company of Canada; name changed in 1924. Merged into Empire Life. Mutual Life Assurance Company: 1868 2002 Renamed Clarica Life in 2000. Acquired by Sun Life in 2002. National Life Assurance Company of Canada 1897 2005 Merged into Industrial Alliance Insurance North American Life Assurance Company: 1881 1995
SunLife can trace its history back to the establishment of the Sun Life Assurance Society on 28 March 1810, when the Sun Fire Office Board launched a separate company to offer life assurance. [8] The society's first office opened opposite the Bank of England in London, and actuary Joshua Milne was appointed the first member of staff.
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Birla Sun Life Asset Management Company was established in 1994 as a joint venture between the Aditya Birla Group and Sun Life Financial of Canada where the former owns 51% and the rest is owned by the latter. It provides wealth accumulation and protection products, and services to individuals and corporate customers.