Bima Sakhi

LIC’s Bima Sakhi (MCA Scheme) is a Stipendiary Scheme, exclusively for Women , with a stipendiary period of 3 years.

The appointment of a person under the MCA scheme will not be treated as a salaried appointment as an employee of the Corporation.

Minimum completed age should be 18 years as on date of application. Maximum age at entry will be 70 years ( last birthday)

Minimum qualification - pass in 10th standard.

Performance Norms to be fulfilled during each Stipendiary Year by MCA :

Number of Lives 24

First Year Commission (excluding Bonus Commission) Rs.48,000/-

The Stipend payable :

Stipendiary Year Stipend payable per month

First Year Rs.7,000/-

Second Year Rs.6,000/- (subject to at least 65% of Policies completed in the First stipendiary year are in-force as at the end of the corresponding month of the second stipendiary year)

Third Year Rs.5,000/- (subject to at least 65% of Policies completed in the Second stipendiary year are in-force as at the end of the corresponding month of the third stipendiary year )