Sovcombank is negotiating the purchase of one of the largest players in the life insurance market, Capital Life, a source told Izvestia newspaper. Deal is at an advanced level, the assets are being studied, one of the interlocutors of the publication said. Insurance company is estimated at approximately one capital, which amounts to 30-40 billion rubles. Deal will allow Sovcombank to strengthen its presence in the fast-growing non-credit life insurance market. In 2024, it grew 3.5 times and reached a record 1.9 trillion.