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- Sun Life wins govt group benefits contract
Sun Life wins govt group benefits contract
- By ILS corp
- Published 10/13/2009
- ILSTV Stories
- Unrated
Sun Life Financial announced that it will continue to administer the Federal Government's Public Service Health Care Plan after being selected as the first ranked bidder under a competitive government tendering process. The multi-year, multi-million dollar contract went into effect on September 24, 2009 and provides for plan administrative services.
Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, has been the administrator of the plan since 1996.
The Public Service Health Care Plan is the largest employee benefit plan in Canada, representing three per cent of the group market share with over 580,000 active and retired plan members. On average, 300 members join the plan each day. Sun Life Assurance Company of Canada processes an average of 212,000 claims, handles 50,000 calls through its call centre and processes $60 million in claims each month.

