Protective Micro Insurance Appoints Laxmi Sunrise Capital as Guarantor for Upcoming Share Issuance

Protective Micro Insurance Limited is set to issue 2,250,000 ordinary shares and has appointed Laxmi Sunrise Capital Limited as the guarantor for the share issuance. The agreement was signed by CEO Bijaya Lal Shrestha on behalf of Laxmi Sunrise Capital and CEO Naresh Kumar Roka for Protective Micro Insurance.

Established to provide microinsurance to underprivileged and underserved communities, Protective Micro Insurance has been operating in the non-life microinsurance sector since 2080/02/08, issuing policies from 2080/03/31. The company offers accessible and affordable non-life insurance products across seven provinces through 33 offices, aiming to help economically vulnerable populations manage financial risks and unexpected events.