Kathmandu: The Insurance Board has given in-principle consent for the merger of three insurance companies, Prime Life, Gurans Life and Union Life Insurance today. it has been agreed in principle to merge and acquire.
The regulatory authority has also been directed to appoint a valuator as per Article 7 of the Directive for the Merger and Acquisition of Insurers 2076 and submit the details to the Board.
Prior to this, on 23rd of Baisakh, the IB had given in-principle consent to Himalayan General Insurance and Everest Insurance Co. Ltd. for merger and acquisition.
