Universal Life

## 🏢 Corporate Profile * **Universal Life** was established in **1970**, making it the **first insurance firm founded in Cyprus** after insurance legislation came into effect ([Universal Life][1]). * Incorporated by Cypriot business leaders, it helped introduce new insurance concepts and shape the local market. It is now a core member of **Photos Photiades Group** ([Universal Life][1]). * As of the latest data, it holds **\~30% market share** in Cyprus’s life and health insurance space and manages over **€330 million in assets**, serving 75,000+ policyholders ([Universal Life][2]). * The company has been repeatedly ranked the **most trusted and reliable insurance provider** in Cyprus by consumer surveys, winning this accolade at least through 2020 ([Universal Life][3]). --- ## 🧾 Key Financial & Corporate Information * **Licence**: Fully authorised under Cyprus Insurance regulations (Class III for life & health insurance). * **Reports**: Financial annual reports and SFCR (Solvency and Financial Condition Reports) are publicly available up through **2024** ([Reddit][4]). --- ## 🧰 Main Products & Services ### 1. **Permanent Life & Investment-Linked Plans** * **UniLife**: A whole-life, unit-linked life insurance scheme providing coverage up to **€2,000,000**, with investment in one of five proprietary funds. Offers optional riders such as **Accidental Death**, **Disability Income**, **Permanent Total Disablement**, and **Waiver of Premium**. Premiums may qualify for ta...