Liberty Micro Life Insurance Limited is preparing to offer 2,250,000 ordinary shares to the public at Rs. 100 per share, aiming to collect a total of Rs. 225,000,000. The public share issue is being organized in collaboration with Nepal SBI Merchant Banking Ltd and RBB Mutual Fund 1, creating a major opportunity for investors looking to enter the micro life insurance market.
The agreement for this share issue was formalized through a tripartite deal. Mr. Lekhnath Pokhrel, Managing Director and CEO of Nepal SBI Merchant Banking Ltd; Mr. Badri Prasad Pyakurel, CEO of RBB Merchant Banking Limited; and Mr. Ram Kumar Yadav, CEO of Liberty Micro Life Insurance Ltd, signed the deal. This agreement marks an important milestone for Liberty Micro Life Insurance as it expands its financial reach.
Nepal SBI Merchant Banking Ltd, a subsidiary of Nepal SBI Bank Limited, has been licensed by the Securities Board of Nepal. The firm is known for providing a wide range of investment and fund management services to both individual and institutional investors. By partnering with Liberty Micro Life Insurance, they are entering the growing microinsurance sector, which has become a key part of Nepal’s financial landscape.
Liberty Micro Life Insurance Ltd, founded in Pokhara in the Kaski District, operates under the Insurance Act 2079. It provides micro life insurance services through four branches and six sub-branch offices located across Nepal. Additionally, the company has a regional office in Tripureshwar, Kathmandu. Liberty Micro Life Insurance Ltd is registered with the company registrar’s office, making it a fully compliant insurance provider in the Nepalese market.
With the upcoming public offering, Liberty Micro Life Insurance aims to strengthen its position in Nepal’s insurance sector, providing essential life insurance services to underserved communities. This initiative highlights the growing demand for microinsurance solutions in Nepal, as more people seek affordable and accessible insurance options.