On December 9, 2024, Prime Minister Narendra Modi introduced a stipend-based system called the LIC Bima Sakhi Yojana, which is specifically created for women. Bima Sakhi Yojana by the LIC empowers rural women by providing new livelihood choices while also helping to achieve the larger objective of financial literacy by making insurance available in rural communities across India.
Rural women are empowered by this initiative, which provides them with the opportunity to become insurance agents (Bima Sakhis) and receive fixed stipends and commissions. Women taking part in the scheme will receive financial assistance and commission benefits worth over ₹2 lakh.
Understand the objectives of LIC Bima Sakhi Yojana, including the eligibility requirements and how to apply online.
Objective of LIC Bima Sakhi Yojana
Within a year, LIC Bima Sakhi scheme aims to empower women by enrolling 1 lakh participants, creating new job opportunities as insurance agents, increasing insurance awareness in rural areas, and helping them earn a sustainable livelihood.
LIC Bima Sakhi Yojana Eligibility
- Age requirement – 18Y to 70Y.
- The minimal qualification must be 10th grade.
- Special preference will be given to women from rural areas.
Who Cannot Apply for This Scheme?
- Women with connections to existing LIC agents or staff. Immediate family members include spouses, children (biological, adoptive, or stepchildren), parents, siblings, and in-laws.
- Retired or Former LIC employees and agents.
- Women working as LIC agents.
LIC Bima Sakhi Yojana Stipend
LIC Bima Sakhi Yojana provides a three-year stipend. The stipend amount is given below:
1 Year: Rs. 7,000 per month.
2 Years: Rs. 6,000 per month (If at least 65% of the policies completed in the first year remain active by the end of the same month in the second year.)
3 Years: Rs. 5,000 per month (If at least 65% of the policies completed in the second year remain active by the end of the same month in the third year.)
Application Process for the LIC Bima Sakhi Yojana
Women who meet the eligibility criteria can submit their application for the LIC Bima Sakhi Yojana online via the official LIC portal.
Follow this process to apply:
- Visit the LIC website. https://licindia.in/lic-s-bima-sakhi
- Select the option ‘Click Here for Bima Sakhi’.
- Fill in your details including name, date of birth, mobile number, email, relation (if any) to an LIC agent/employee, and the captcha code, then click ‘Submit’.
- Select your state and preferred city for work.
- Choose a branch office and click ‘Submit Lead Form’. Wait for LIC officials to get in touch.
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Documents needed for Bima Sakhi Yojana Application Process
- Self-attested copy of Age proof (e.g., Aadhaar card or birth certificate).
- Self-attested copy of Address proof (e.g., utility bill or ration card).
- Self-attested copy of Educational certificates.
- Latest passport-sized photograph.
Why should women join the Bima Sakhi Yojana?
LIC’s Bima Sakhi Yojana provides six major benefits that enable women to take control of their future:
- Earn a monthly stipend plus commissions to achieve financial freedom.
- Advance from Bima Sakhi to development officer for a steady professional path.
- Work in your community while managing your work and family responsibilities.
- Develop skills in finance, insurance, and community leadership.
- Promoting employment and financial literacy, especially in rural regions.
- Work according to your schedule. Be your own boss.