Industrial Alliance Insurance is an insurance company that offers a range of life, health, and retirement insurance products, based in Quebec City, QC. It may also be referred to as iA Financial. Established in 1892, the company is one of the largest insurance providers, with over three million customers across Canada. They reported a net income of $229 million in Q4 2022.
Quick facts about Industrial Alliance Life Insurance:
Industrial Alliance (iA) is a leading Canadian insurance company with over 125 years of experience in the industry.
Despite being one of Canada's largest insurance providers, they have a relatively small market share compared to others in the industry.
Industrial Alliance can be a pretty good choice for smokers, but there is variability in their rates.
The company has faced criticism from some customers and industry experts for its pricing and claims practices.
Average Price Relative to Market
Industrial Alliance Insurance cost by customer trait
Their average rates start at $66.60 per month or $86.40 per month for a man. This is based on quotes for smokers pulled from Winquote for a 35-year-old with a 20-year term for $200,000 in coverage.
Here’s a breakdown of how Industrial Alliance's life insurance prices compare to prices offered by other companies for various customer characteristics.
Low coverage need (under $500,000)
Large coverage need (over $500,000)
Shorter coverage need (10 years)
Longer coverage need (20 years)
Under age 40
Over age 40
PolicyMe offers some of the lowest premiums for term life insurance in Canada. So even though smokers pay more for coverage than a non-smoking applicant, our policies are still some of the best on the market.
Customer reviews for Industrial Alliance life insurance