Mission Bima School - Jeevan KOVAI

LIC of India came into existence in the year 1956 with the objective of spreading life insurance more widely with a view to reaching all and providing them adequate financial cover at a reasonable cost. We are happy to inform you of the concept "BIMASCHOOL", a special reward system for schools wherein the required number of students are to be covered under our various insurance plans.

An Aid to Successful Parenting

A MAN’S OBLIGATIONS To His Child/ren is A home and a mother’s care until they are grown. The best education he can possibly give them. At least an even break on their start in the world. Hence, Planning for education and marriage of a child is very essential. Successful parenting is no mean accomplishment. A huge contributor to this success is financial planning for one’s child's future needs at the right age! There is really no better gift you can give your child, than the promise of a secure future with LIC plan. LIC eyes schools as policy goldmines to secure the financial future of a child.

How to Create a LIC BIMA SCHOOL

School shall be declared as BIMA SCHOOL by fulfilling one of the following basic condition:

1. Minimum 25 policies of the students from the school in financial year.

2. 1,50,000 first year premium (excluding single premium) with 15 policies of the students procured from the school in financial year.

Incentive to the School

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

Disbursal of benefits by LIC

After declaring school as BIMA SCHOOL benefit shall be payable in the following forms:

1. Purchase of library equipments

2. Instruments for gymnasium /sports kits/ play instruments

3. Purchase of library books

4. Purchase of class room furniture/office furniture

5. Purchase of computer

6. Construction of toilet

7. Providing drinking water facility

8. Education software

Schools are ideal places to create awareness among parents about children policies. Successful implementation of this concept assures to fulfil the dream of parents on their child's higher education and enabling the students in your school reach their career goal. Our dedicated team of agents will assist you in completing the task.