RELIANCE MUTUAL INSURANCE SOCIETY

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Reliance Mutual

RELIANCE MUTUAL INSURANCE

Reliance Mutual Insurance Society Ltd is a Tunbridge Wells based mutual society and is one of Britains larger mutual insurers. Reliance Mutual has acquired in the 2000's - Criterion Life Assurance Limited, Family Assurance Friendly Society, Eurolife Assurance Company Limited, University Life Assurance Society a subsidiary of the Equitable Life Assurance & in 2007 Hearts of Oak Friendly Society. Reliance Mutual Insurance Society accounts state they have funds under management of in excess of £1 billion as at 2008.

Reliance Mutual sold protection, endowments as well as pension investment products. Reliance Mutual Assurance was once a player in the mortgage protection market place with brokers then slowly disappeared as a brand as the mortgage market slowly moved from endowments to repayment mortgages.   

Reliance Mutual was regarded as one of the smaller providers of life insurance protection. The RelianceMutual policies are today mainly servicing their existing client base. Reliance Mutual products included Life cover, decreasing (mortgage protection) or level term assurance, Life with Critical Illness &  Income Protection

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