The LIC Bima Sakhi Yojana is an initiative launched by the Life Insurance Corporation of India (LIC) to empower women by providing them with financial opportunities and career growth. The scheme focuses on recruiting female agents, particularly in rural and semi-urban areas, to spread awareness about life insurance. This program not only aims to strengthen women’s economic status but also increases the penetration of insurance in underprivileged areas.
Introduced on December 9, 2024, in Panipat, Haryana, by Prime Minister Narendra Modi, the initiative supports women in building sustainable careers while promoting financial security for families through insurance services. The scheme is designed to provide monetary assistance through a structured stipend while enabling participants to earn additional income via commissions.
Key Features of LIC Bima Sakhi Scheme
| Feature | Details |
|---|---|
| Scheme Name | Bima Sakhi MCA Scheme |
| Launched By | Life Insurance Corporation of India (LIC) |
| Target Audience | Women applicants only |
| Nature of Program | Stipendiary (Not a salaried role) |
| Launch Date | 09 December 2024 |
| Monthly Stipend | ₹7,000 (Year 1), ₹6,000 (Year 2), ₹5,000 (Year 3) |
| Application Mode | Online |
| Official Website | licindia.in |
Advantages of LIC Bima Sakhi Yojana
1. Financial Empowerment for Women
This initiative is tailored to offer women financial independence by enabling them to become LIC agents. It provides an initial stipend to ensure stability and offers additional earning potential through commissions.
2. Promoting Insurance Awareness
One of the major goals of this program is to increase awareness of life insurance in rural areas where knowledge and adoption of financial security measures are often limited.
3. Flexible Working Structure
The scheme allows women to work according to their convenience, making it a perfect opportunity for homemakers, students, and those looking for additional income.
4. Comprehensive Training & Skill Development
Participants receive well-structured training to understand LIC products, sales techniques, and customer service skills, helping them build confidence and perform effectively in their roles.
Eligibility Criteria for LIC Bima Sakhi Yojana
The scheme is designed for women aged between 18 and 70 years with a minimum qualification of 10th-grade pass. The program primarily targets applicants from rural backgrounds, but it has certain restrictions:
- Women related to existing LIC agents and employees cannot apply.
- Retired LIC employees are also not eligible.
Mahila Career Agent Scheme Stipend Structure
The stipend offered under this program is designed to provide financial stability during the initial years:
| Year | Monthly Stipend |
|---|---|
| 1st | ₹7,000 |
| 2nd | ₹6,000 |
| 3rd | ₹5,000 |
This stipend ensures a total financial assistance of ₹2,16,000 over three years, helping women establish themselves as successful LIC agents.
Required Documents for Application
Applicants need to submit the following documents:
- Identity Proof – Aadhaar Card, Voter ID, Passport
- Address Proof – Utility Bills, Ration Card, Aadhaar Card
- Educational Qualification – Minimum 10th-grade certificate
- Bank Account Details – Passbook or Bank Statement with IFSC Code
- Photographs – Recent Passport-sized Photos
How to Apply for LIC Bima Sakhi Yojana 2024?
Women interested in this opportunity can follow these steps to apply online:
- Visit the Official LIC Website: Open licindia.in and navigate to the Bima Sakhi Yojana application section.
- Registration: Create an account by providing basic details such as name, mobile number, and email ID. Verify with OTP.
- Fill the Application Form: Enter personal, educational, and professional information.
- Upload Required Documents: Attach scanned copies of Aadhaar, PAN, Educational Certificates, Address Proof, and Bank Details.
- Submit and Confirm: Review all entered details and submit the form. Save the acknowledgment number for reference.
- Wait for Approval: LIC will review applications and contact selected candidates for further training and onboarding.
Frequently Asked Questions (FAQs)
Q1: Who can apply for the LIC Bima Sakhi Yojana?
Ans: Women aged between 18 and 70 years with a minimum qualification of Class 10 pass can apply. However, relatives of LIC employees and agents, as well as retired LIC employees, are not eligible.
Q2: How much financial support is provided under this scheme?
Ans: The program provides a stipend of ₹7,000 in the first year, ₹6,000 in the second year, and ₹5,000 in the third year, totaling ₹2,16,000 over three years. Additional income can be earned through commission-based sales.
Q3: Is this a salaried position?
Ans: No, the LIC Bima Sakhi Yojana is a stipendiary program. Women earn a stipend during the first three years while building a career as an LIC agent. They can also earn commissions based on sales.
Conclusion
The LIC Bima Sakhi Yojana 2024 is a revolutionary program designed to empower women by providing them with financial independence and career growth. By offering structured stipends, flexible work opportunities, and professional training, LIC ensures that women, especially from rural areas, have the tools to succeed as agents. The scheme also plays a crucial role in increasing awareness about life insurance, making financial security accessible to more families in India.
With its easy application process, minimal eligibility criteria, and lucrative earnings potential, this scheme is an excellent opportunity for women looking to establish a stable and rewarding career. Interested candidates should apply through LIC’s official website and take the first step towards financial independence.