LIC BIMA SCHOOL PLAN - Benefits to the Students and the School - LIC Children plan

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.

website: LIC India