Bima Sakhi Yojana

The Life Insurance Corporation of India (LIC) has recently entered into a Memorandum of Understanding (MoU) with the Department of Rural Development, Ministry of Rural Development, to promote its Bima Sakhi Yojana in rural areas. This initiative aims to empower women, promote financial literacy, and increase insurance awareness in rural India.

About Bima Sakhi Yojana:

1. Purpose:

   • The Bima Sakhi Yojana is an exclusive women's empowerment scheme by LIC designed to increase financial inclusion, specifically focusing on insurance awareness in rural areas.

   Key Features:

   • Performance-Oriented Scheme: The scheme is designed to provide stipends and specialized training to women aged 18 to 70 years who have passed at least Class 10.

   • The selected women, called Bima Sakhis, will receive training to promote financial literacy and insurance awareness.

   Stipend and Commission:

   • First Year: Women will receive a stipend of Rs. 7,000 per month.

   • Second Year: Rs. 6,000 per month.

   • Third Year: Rs. 5,000 per month.

   • Commissions: In addition to the stipend, Bima Sakhis will earn a commission of Rs. 48,000 (excluding bonuses) during their first year.

   Post-Training Opportunities:

   • After completing the training, the women can serve as LIC agents.

   • Graduate Bima Sakhis will have the opportunity to be considered for the role of Development Officer within LIC.

   Target:

   • The goal is to appoint two lakh Bima Sakhi agents over the next three years.

Eligibility for Bima Sakhi Yojana:

1. Age: Applicants must be between 18 to 70 years of age.

2. Educational Qualification: The minimum qualification required is Class X pass.

3. Preference: Preference will be given to women residing in rural areas.

4. Ineligibility Criteria:

   • Relatives of Existing LIC Agents/Employees: Women who are related to current LIC agents or employees (such as spouses, children, parents, etc.) cannot apply.

   • Retired Employees/Ex-Agents: Women who are retired employees or ex-agents of LIC are ineligible.

   • Current Agents: Women who are already serving as LIC agents cannot apply for the scheme.