Chances you are here because you would like to know how old Assupol is. Well, you have come to the right place. In this blog post, you’ll not only know how old it is but also when it was founded and how it has grown to the known huge insurance company in South Africa.
They are among the oldest Insurance companies in South Africa.
The company has stood firm for over a century, offering services to South Africans.
Up to date, the company is still standing firm and developed into an even bigger company.
Table of Contents
When Was Assupol Founded
Assupol was founded in 1913 in South Africa. Originally the company was named as a burial society for members of the South African Police Service.
It started as a small company but today is a big company with branches spread all over South Africa.
How Old Is Assupol
Assupol is already about 109 years old and is full-fledged life insurance, serving those who serve and frequently setting the standard with innovative products and services.
Furthermore, it has become a household name, associated with excellent service and cost-effective products tailored to our target consumers.
But, more crucially, they had remained the compassionate company it was when it was founded after more than a century.
Growth Of The Company
Over the years, the insurance company has grown into a big one.
It is vital to know about its growth if you have a policy with them or are interested to know about the insurance company and its operations.
First, you need to know there are several companies under the name.
Thus it is important to know about them.
More importantly, you need to know the holding company of the Assupol Group of companies is Assupol Holdings Ltd.
Assupol Life Ltd and Assupol Investment Holdings (Pty) Ltd are the Group’s wholly-owned subsidiaries.
Assupol Life Ltd
Assupol Life Ltd is a licensed financial services provider and a registered life insurer.
It offers low-cost funeral, life, savings, investment, and retirement products to the South African market.
It bought cornerstone Brokers Corporate (Pty) Ltd in 2017, Prosperity Life Ltd in 2012, and Top Business Consultants (Pty) Ltd in 2018.
These companies are dormant subsidiaries of Investment Holdings (Pty) Ltd, with the exception of Prosperity Life Ltd, which was deregistered.
Assupol Investment Holdings (Pty) Ltd
Assupol Investment Holdings (Pty) Ltd is an investment-holding company, and it holds the Group’s strategic investments.
That means that all their it takes charge of all their investment holdings and others.
That is all we have for you, and I assume you have read this article to this end I assume you now know how long the company has been in existent and how many subsidiary companies they have.
Here is the list of related guides:
How to Claim Insurance, How CashBack Work, Funeral Insurance Cover Cost, Cancel Funeral Policy, Insurance Registration, Terminate Assupol Account, Become Assupol Agent Member, How Long Claim Take, Claim Funeral Cover, Hospital Insurance Plan, Check Your Insurance Policy, Does Insurance Cover Foreign Nationals, Cashback Insurance.