That is right.

The 8.02 crore unit shares of Himalayan Life Insurance( HLI) were listed in NEPSE for trading on June 21, 2023. This is the biggest junction in the country’s life insurance sector.

The open price range for the first deals was set atRs.346.52. The three life insurance companies that intermingled to form HLI are Gurans Life Insurance CompanyLtd.( GLICL), Prime Life Insurance Company Limited( PLIC), and Union Life Insurance Company Limited( ULI). They inked the junction agreement on Ashad 29, 2079, and the junction was completed on Baisakh 26, 2080.

The total listed shares of HLI are units. GLICL’s total listed shares were units, and that of ULI and PLIC were units and units independently.

The table of HLI’s shares in NEPSE is a significant development for the life insurance sector in Nepal. It’s anticipated to increase competition in the sector and lead to better products and services for policyholders.