Explaining the concepts of Micro LIC to Rural People

Explaining the concepts of Micro LIC to Rural People

Micro LIC insurance policy was launched by the Life Insurance Corporation of India with the idea to reach out to the economically weaker sections through the micro-policy. It is the third micro insurance, endowment assurance plan from LIC which has guaranteed additions and loyalty additions primarily targeted at the lower income groups.

The team of Janyoday Vikash Parishad visited Jamshedpur for the training of Micro LIC. . The LIC Agent rectified 3 schemes of LIC i.e. Jeevan Mangal, Jeevan Deep, Jeevan Madhur.

The scheme offers various modes of premium payment and has death benefit; maturity benefit and auto cover facility. LIC targets to procure five lakh policies under the scheme in the current fiscal year.

Janyoday Vikash Parishad has completed 500-800 Micro LIC in the rural areas of Ranchi i.e. Chandbe, Chuttu, Humbai, Kedal, Pancholi, Dumardaga, Neori Vikash Kendua Toli, Rudia, Lohra Kocha, Vardhaman Compound, Sugnu and Khatanga.