LIC in MOU with DoRD, Ministry of Rural Development
LIC has signed a Memorandum of Understanding with the Department of Rural Development (DoRD), Ministry of Rural Development, to promote the Bima Sakhi Yojana—an initiative aimed at empowering rural women through a stipend-based performance agency model.
LIC in MOU with DoRD, Ministry of Rural Development
Mumbai, Jul 21
Life Insurance Corporation of India has entered into a Memorandum of Understanding (MoU) with Department of Rural Development, Ministry of Rural Development, Government of India to promote its Bima Sakhi Yojana in rural areas. The MoU was signed during the National Conclave on Financial Inclusion – “Anubhuti” – organized by Ministry from 8th to 10 July 2025 at Goa.
LIC’s Bima Sakhi Yojana is exclusively designed to help women get a strong foothold in the highly lucrative insurance distribution scheme. It’s a performance oriented stipendiary LIC agency career only for women where, all other benefits and privileges available for LIC agent is also provided. It has been designed to enable women have long term financial independence and add more strength to industry. Under this scheme Bima Sakhi agents are provided with facility to receive monthly stipends of Rs 7000 in first, Rs 6000 in second and Rs 5000 in the third agency year, subject to some terms and conditions.
Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY – NRLM) goals has been found to be in perfect alignment with the deliverables under Bima Sakhi Yojana. This MoU has been entered in to, to leverage the collaboration for benefit of the rural households in their pursuit of improving their household income.
EoM.
