Last Updated:December 09, 2024, 13:29 IST

LIC Bima Sakhi Yojana Details: The scheme aims to provide rural women with opportunities to become insurance agents

LIC Bima Sakhi Yojana Details: Everything You Need to Know About Eligibility, Incentives & More

LIC Bima Sakhi Yojana Details: Prime Minister Narendra Modi is scheduled to inaugurate the Bima Sakhi Yojana, an empowering initiative by the Life Insurance Corporation of India (LIC), on Monday, December 9, 2024, at an event in Panipat, Haryana. The scheme aims to provide rural women with opportunities to become insurance agents, known as Bima Sakhis, and earn a livelihood while promoting insurance awareness in rural areas.

The LIC Bima Sakhi Yojana is expected to not only create new livelihood opportunities for rural women but also help in enhancing insurance penetration in under-served regions of India. Through this initiative, LIC seeks to combine social welfare with business growth, empowering women while contributing to the broader goal of financial inclusion.

LIC Bima Sakhi Yojana Details

Key Features of the Bima Sakhi Yojana

The Bima Sakhi Yojana will offer rural women a steady income while promoting insurance literacy.

Under the scheme, participants can expect the following:

• Income Structure: Women can earn between Rs 7,000 and Rs 21,000 per month.
• In Year 1, participants will receive Rs 7,000 per month.
• In Year 2, the amount will be Rs 6,000 per month.
• By Year 3, the monthly payment will be Rs 5,000. Commission-based incentives will be available for women who meet or exceed sales targets.
• Recruitment Plans: The scheme will recruit 35,000 women as Bima Sakhis in the first phase, with plans to expand the program to include an additional 50,000 women in subsequent phases.
• National Rollout: While initially launched in Haryana, the program will eventually be implemented nationwide, expanding the reach of LIC and providing financial opportunities to women across India.

LIC Bima Sakhi Yojana Eligibility

Women between 18 and 50 years of age are eligible to register for the program. A minimum qualification of passing the 10th grade is mandatory, and priority will be given to women from rural areas.

LIC Bima Sakhi Yojana Apply Online

Interested candidates can apply online starting from December 9, 2024, after the official launch by Prime Minister Narendra Modi at 2:00 PM. Registration details and application forms will be made available on the official LIC website.

About LIC

The Life Insurance Corporation of India (LIC), established in 1956, is the country’s largest state-owned insurance company, with a rich history of providing life insurance products and services across India. Headquartered in Mumbai, LIC has a widespread network of agents and branches and is a major player in the Indian financial and investment sectors. With its extensive reach and diverse product portfolio, LIC plays a pivotal role in ensuring financial security for millions of Indians.

New Delhi: In line with the central government’s commitment to women empowerment and financial inclusion, Prime Minister is all set to launch LIC ‘Bima Sakhi Yojana’ in Panipat. 

Who Can Apply For LIC’s Bima Sakhi Yojana?

This initiative of Life Insurance Corporation of India (LIC) is designed to empower women aged 18-70 years, who are Class X pass. They will receive specialized training and a stipend for the first three years to promote financial literacy and insurance awareness. After training, they can serve as LIC agents and the graduate Bima Sakhis would have the opportunity to qualify for being considered for Development Officer roles in LIC. Prime Minister will also distribute appointment Certificates to prospective Bima Sakhis.

Stipend Upto Rs 7,000 Under Bima Sakhi Yojana

The ‘Bima Sakhi Yojana’ will train one lakh women across India as LIC agents, including 8,000 from Haryana. These women will receive a monthly stipend of Rs 7,000 in the first year, Rs 6,000 in the second, and Rs 5,000 in the third, while promoting financial literacy and insurance awareness.