LIC’s Bima Sakhi Yojana: Empowering Women Through Financial Independence
The Life Insurance Corporation of India (LIC) has introduced a new scheme called the LIC Bima Sakhi Yojana. This program aims to empower women by providing them with opportunities to become insurance agents, known as Bima Sakhis. The scheme was launched by Prime Minister Narendra Modi on December 9, 2024, in Panipat, Haryana.
Objective of the Scheme
The main goal of the Bima Sakhi Yojana is to empower women, especially in rural areas, by providing them with employment opportunities as insurance agents. This initiative seeks to increase financial literacy and make insurance services more accessible across India.
Eligibility Criteria
To join the Bima Sakhi Yojana, candidates must meet the foll:
- Gender: Female
- Age: Between 18 and 70 years
- Education: Minimum qualification of 10th standard pass
- Exclusions: Relatives of existing LIC agents or employees, retired LIC employees, and former agents seeking reappointment are not eligible.
Stipend and Earnings
Participants in the scheme receive a fixed monthly stipend for the first three years, along with commissions earned from policy sales. The stipend structure is as follows:
- First Year: ₹7,000 per month
- Second Year: ₹6,000 per month (subject to at least 65% of policies completed in the first year remaining active)
- Third Year: ₹5,000 per month (subject to at least 65% of policies completed in the second year remaining active)
In addition to the stipend, Bima Sakhis earn commissions based on the policies they sell, providing an opportunity for increased income through performance.
Registration Process
Offline Mode
Interested candidates can register for the Bima Sakhi Yojana through the following steps:
- Application: Submit an application at the nearest LIC branch or through authorized LIC recruitment channels.
- Documentation: Provide necessary documents, including proof of age, educational qualifications, and address.
- Training: Upon successful application, candidates undergo specialized training provided by LIC, focusing on insurance products and financial literacy.
- Examination: After training, candidates must pass the IRDAI (Insurance Regulatory and Development Authority of India) examination to become certified agents.
- Appointment: Successful candidates receive an agent code, officially appointing them as Bima Sakhis.
Online Mode
Step 1: Visit the official website or directly click on this link: https://licindia.in/lic-s-bima-sakhi
Step 2: Now click on the button at the bottom left corner ‘Click Here For Bima Sakhi’.
Step 3: A new page will appear where you have to fill in the required details, such as name, date of birth, mobile number, email ID, address, whether you are related to any agent/ employee of LIC and the captcha code and click ‘Submit’.
Step 4: Now select your state and select the city you want to work in.
Step 5: Next, select the branch office and finally click on ‘Submit Lead Form’.
How to Apply
Women interested in joining the Bima Sakhi Yojana can apply by visiting the nearest LIC branch office or contacting authorized LIC recruitment officers. They may also visit LIC’s official website for more information and online application options.
Benefits of the Scheme
- Financial Independence: Provides women with a stable income through stipends and commissions.
- Flexible Working Hours: Allows participants to manage their schedules, making it suitable for homemakers and students.
- Comprehensive Training: Equips women with the necessary skills and knowledge to succeed as insurance agents.
- Career Advancement: Successful Bima Sakhis may qualify for development officer roles within LIC.
Conclusion
The Bima Sakhi Yojana is a commendable initiative by LIC to empower women, enhance financial literacy, and expand insurance coverage in rural areas. By providing training, financial support, and career opportunities, the scheme plays a significant role in promoting economic independence among women across India.
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