Kolkata, July 21 -- Life Insurance Corporation of India has entered into a Memorandum of Understanding (MoU) with the Department of Rural Development, Government of India to promote its Bima Sakhi Yojana in rural India.

LIC's Bima Sakhi Yojana is exclusively designed to help women get a strong foothold in the highly lucrative insurance distribution scheme. It's a performance oriented stipendiary LIC agency career only for women where all other benefits and privileges available for LIC agents are also provided.

It has been designed to enable women to have long term financial independence and add more strength to industry.

Under this scheme Bima Sakhi agents are provided with a facility to receive monthly stipends of Rs 7000 in first, Rs...