Protective Micro Insurance Appoints Laxmi Sunrise Capital as Share Issue Guarantor

Kathmandu — Protective Micro Insurance Limited has appointed Laxmi Sunrise Capital Limited as the guarantor for its upcoming issuance of 22,50,000 units of ordinary shares.

An agreement to this effect was signed between Bijay Lal Shrestha, Chief Executive Officer of Laxmi Sunrise Capital Limited, and Naresh Kumar Roka, Chief Executive Officer of Protective Micro Insurance Limited.

Protective Micro Insurance, a non-life microinsurance company, commenced operations on Baisakh 8, 2080 BS, and began issuing micro non-life insurance policies from Ashar 31, 2080 BS. The company was established to provide affordable insurance services to underserved communities, particularly low-income and marginalized groups, and ensure access to financial protection against unforeseen events.

Through a range of micro non-life insurance products tailored to its target groups, the company seeks to help clients manage financial risks and secure their livelihoods. Currently, Protective Micro Insurance operates 33 offices across all seven provinces, extending its reach nationwide.