LIC Bima Sakhi Yojana
The LIC Bima Sakhi Yojana is a three-year stipendiary scheme launched by the Life Insurance Corporation of India (LIC) to empower women by training them as insurance agents, thereby promoting financial literacy and inclusion.
Objective: The primary objective of the LIC Bima Sakhi Yojana is to promote financial inclusion among women, especially in rural and semi-urban areas. By offering life insurance coverage, the scheme aims to provide a safety net for women and their families, protecting them against unforeseen circumstances.
Key Features of LIC Bima Sakhi Yojana
- Eligibility:
- The scheme is open to women aged between 18 and 70 years.
- Applicants must be residents of India.
- Coverage:
- The policy provides life insurance coverage, ensuring financial security for the family in case of the policyholder's demise.
- The sum assured is paid to the nominee in the event of the policyholder's death during the policy term.
- Policy Term:
- The policy term ranges from a minimum of 5 years to a maximum of 20 years, depending on the age of the policyholder at the time of enrollment.
- Premium Payment:
- Premiums can be paid annually, semi-annually, quarterly, or monthly, depending on the policyholder's convenience.
- The premium amount is determined based on the sum assured, policy term, and the age of the policyholder.
- Maturity Benefit:
- If the policyholder survives the policy term, they are entitled to receive the maturity benefit, which includes the sum assured along with any accrued bonuses.
- Riders:
- Additional riders such as accidental death benefit, critical illness cover, and disability cover can be added to the base policy for enhanced protection.
Benefits of LIC Bima Sakhi Yojana
- Financial Security: The scheme provides financial security to women and their families, ensuring that they are protected against life's uncertainties.
- Empowerment: By encouraging women to take charge of their financial future, the scheme promotes gender equality and women's empowerment.
- Savings: The policy also serves as a savings instrument, helping women build a corpus for future needs.
- Tax Benefits: Premiums paid under the LIC Bima Sakhi Yojana are eligible for tax deductions under Section 80C of the Income Tax Act, 1961.
How to Apply for LIC Bima Sakhi Yojana:
- Visit LIC Branch: Interested women can visit their nearest LIC branch to obtain detailed information about the scheme and the application process.
- Online Application: Alternatively, applications can be submitted online through the official LIC website.
- Documentation: Applicants need to provide necessary documents such as proof of identity, proof of address, and age proof.
- Medical Examination: Depending on the sum assured and the age of the applicant, a medical examination may be required.
Conclusion: The LIC Bima Sakhi Yojana is a commendable initiative by LIC to empower women and promote financial inclusion. By providing life insurance coverage, the scheme ensures that women and their families are financially secure, enabling them to lead a life of dignity and independence. Women across India are encouraged to take advantage of this scheme and secure their future.
Contact Information: For more details, please visit the official LIC website or contact your nearest LIC branch.
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