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LIC Signs MoU to Promote Bima Sakhi Yojana
Context
Life Insurance Corporation of India (LIC) has signed a Memorandum of Understanding (MoU) with the Department of Rural Development to promote the Bima Sakhi Yojana, aimed at empowering women in rural areas through a career in insurance agency services.
Bima Sakhi Yojana
- The Bima Sakhi Yojana is a performance-oriented stipendiary agency model promoted by LIC.
- It is specifically designed for rural women, offering them a structured career as LIC agents.
- All standard benefits and privileges applicable to LIC agents, including commissions and bonuses, are extended under this scheme.
- The scheme aims to enhance women's financial inclusion and strengthen rural insurance penetration.
Institutional Collaboration:
- The MoU has been signed between LIC and the Department of Rural Development, under the Union Ministry of Rural Development.
- This collaboration is in line with the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM), which focuses on self-employment, women empowerment, and community-led development.
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