Standard Alliance Life Assurance Limited was incorporated in 1989 as Foundation Insurance Company to transact Life Assurance business. On May 20, 1999, after a change in ownership and restructuring in management, the name was changed to Standard Alliance Life Assurance Limited (SA Life).
Being a specialist company in life insurance products, the company focuses its businesses on savings and investment-linked life assurance as well as group life and annuity policies. Its core values and qualities centre on product innovation and excellent customer service.
Standard Alliance Life Assurance Limited is an affiliate company of Standard Alliance Insurance Plc, a high profile and technology-driven insurance company with a paid-up share capital of N6bn, Shareholders’ Funds of N4.7bn and whose Asset Base is currently in excess of N8.8bn.
The company has a result-oriented Board comprising accomplished Nigerian private sector drivers led by Mr. Bode Akinboye, a long standing insurance reference point. It boasts of a balanced Management team of tested professionals with varied experience in its core areas of operation. As a company that prides itself in guaranteeing an efficient and effective service delivery to its teeming clients, it employs the use of latest information technology to drive its operations.
As at December 2013, Standard Alliance Life Assurance Limited has a Paid-Up Share Capital of N2.7bn, Shareholders’ Fund of N2.1bn and authorised share capital of N3bn. For the year ended 31st December, 2013, its gross production was N4.63bn. It is well positioned to dominate the life insurance market.
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