T & G Mutual Life Assurance Society
From Wikipedia, the free encyclopedia
The T & G Mutual Life Assurance Society was an insurance company that operated in Australia and New Zealand.[1] The 'T & G' stood for 'Temperance & General'.[2] The company was founded in Victoria in 1876,[3] emerging from the Assurance branch of the Independent Order of Rechabites with 132 policies. The branch was severed from the I.O.R. after six years of operations.[4]
By 1920, the society had 385,000 policies and by 1930 had grown to become the largest ordinary-industrial life society operating solely within Australia and New Zealand, with 737,000 policies, with an income of nearly £4 million, and assets totaling over £16 million.[5] By 1952 the income had increased to £16 million and funds to £86 million.[6]
In 1983 the T&G Society amalgamated with National Mutual,[7] which was itself purchased by Axa in the 1990s.