3 life insurance companies sign historic merger deal; Union Life, Gurans Life, and Prime Life Insurance to become one with strong market presence

In the life insurance scene of the nation, three players namely Union Life Insurance, Gurans Life Insurance, and Prime Life Insurance have signed the historic merger agreement on Baisakh 29, 2079 so as to form a single entity with a strong market presence.

The move is expected to give rise to one of the strongest life insurance players in the nation forcing other companies (both life and non-life) to go a similar way in upcoming days where the revitalized company will cater to a bigger segment of the insurance business in the nation with strong capital base and business volume, as per the media statement.