LIC BIMA SCHOOL PLAN details and benefits
LIC of India is helping schools by providing them support with the BIMA School plan. Every parent wants to give complete education to their child. Invest monthly, quarterly, half-yearly or yearly for their child's education and bright future.
LIC wants to secure child's education in a safe way. That is the reason LIC of India introduced the BIMA SCHOOL PLAN long back by aiding particular schools by aiding them.
The basic requirements and benefits of LIC BIMA SCHOOL
The school shall be declared as BIMA SCHOOL by
fulfilling one of the following basic conditions:
1. Minimum 25 policies of the students from the
school in the financial year.
2. 1,50,000 first-year premium (excluding single
premium) with 15 policies of the students procured from the school in the financial
year.
The incentive for the students is as follows:
A) 25 policies or 1,50,000 first-year premium and
incentive is Rs 7500.
B) 50 policies or 3,00,000 first-year premium and
incentive is Rs 15,000
C) 75 policies or 5,00,000 first-year premium and
incentive is Rs 25,000
D) 100 policies or 6,50,000 first-year premium and
incentive is Rs 35000
After declaring the school as BIMA SCHOOL benefits shall be
payable in the following forms:
1. Purchase of library equipment
2. Instruments for gymnasium /sports kits/ play
instruments
3. Purchase of library books
4. Purchase of classroom furniture/office
furniture
5. Purchase of computer
6. Construction of toilet
7. Providing a drinking water facility
8. Education software
For more information, contact us at 9972660645.
