RBC

Company Profile :

The Royal Bank of Canada or RBC (founded as Merchants Bank in Halifax, Nova Scotia, Canada, in 1864) [NYSE: RY ] is the largest chartered bank of Canada. Its is current headquarter is in Toronto, Ontario. It has a network of over 1,300 branches in Canada and offices in over 30 countries including the US, and it employs 60,000 employees worldwide. The brand name of RBC is used on all its business units (collectively known as RBC Financial Group ), like for instance, its investment banking operations are carried out under the name RBC Capital Markets . RBC has membership of Canadian Bankers Association (CBA), Canada Deposit Insurance Corporation (CDIC), as well as of Interac, VISA International, Plus Network, and others. The RBC was ranked 83 on the Forbes Global 2000 list.

Products and Services :

The RBC offers a whole range of products and services, ranging from insurance, investment, annuities, and other global services such as cash management and international trade services, besides banking. However, it is important to mention that the insurance policies that are offered by the RBC are available both in Canada and in the US but since this section is more concerned with US insurance companies, therefore only the insurance and annuity products and services offered by the RBC can be described here.

Insurance and annuity policies include:

Insurance for individuals and families

1. Life Insurance (including Term Life Insurance, Whole Life Insurance, Universal Life Insurance, and Variable Universal Life Insurance)

2. Health Insurance (including Critical Illness Insurance and Cancer Insurance)

3. Travel Insurance

Annuities include

1. Traditional Annuities

2. Index Annuities

3. Variable Annuities