Impact Life Insurance

Impact Life Insurance Limited Company was incorporated on the 6th of June 2023 in Ghana after a merger between Phoenix Life Assurance and Ghana Union Assurance Life (GUA Life) by Uhuru Investment Partners in February 2022. The coming together of these two companies was strategically steered to have an entity that would be positioned to address the evolving insurance needs of Ghanaians.

Ghana Union Assurance Life (GUA Life) – was borne out of the life portfolio of GUA following the Insurance Act, 2006 Act 724. It was incorporated on the 26th of February 2007 and commenced business on 4th March 2008. GUA Life was strategically placed to deliver diverse product offerings in both Corporate / Group and Retail life insurance. Its mission was to provide high quality, affordable and tailor-made customer focused life insurance solutions. GUA Life ranked the 17th largest life insurer in Ghana during its existence.

Phoenix Life Assurance was incorporated under the Companies Act, 2019 (Act 992) as a limited liability company on the 3rd of March 2007. The Company’s Vision was to be a successful global financial service enterprise especially in the underwriting of life insurance policies. It has come a long way being a part of the Life insurance industry serving its clients, employees, and shareholders. Now the time has come for it to expand and to serve an even greater purpose. It ranked as the 10th largest life insurer in Ghana.