The South African Police
Burial Society was established.
(A few colleagues contributed
funds into a hat to support
each other during
bereavement, launching
a burial society)
1913
The SA Police
endowment
Benefit Fund is
established.
1923
Amendments to rules
include the definition of
eligibility for membership
and the requirement of
satisfactory evidence of
health before being
granted membership.
1933
Leading transformation
with fifty-four female
policy holders on the book.
1943
Assupol gets a new
logo and moves into
its own Head Office
in Menlo Park.
1953
Assupol was formally
demutualised, transforming
to a mutual society to a
stock holding company.
1963
The introduction of a
life benefit for wives
and the adoption of the
principles of “Surrender
Value” and “Fully
Paid-up Benefits.”
1973
The Insurance
Act is promulgat-
ed, and the fund
considers
becoming a
mutual society
1983
Assupol’s
50th AGM
coincides
with the 50th
birthday of
the SA Police.
1993
The provident
fund becomes
known as
Assupol
2003
Assupol Life diversifies
its distribution
channels, introducing
brokers, group
schemes and direct
marketing.
2010
Assupol has over 1.5
million policies on its
books. (Today, Assupol
is a fully fledged insurer
with over 3 million lives
covered.)
2023
