The LIC Bima Sakhi Scheme is a groundbreaking initiative designed to uplift educated women by providing them with financial independence and self-reliance. This scheme, launched by Prime Minister Narendra Modi in Panipat, Haryana, specifically targets 10th-pass women aged 18 to 70 years. Through structured training and opportunities, the program transforms participants into insurance agents or even LIC Development Officers.
Here’s a comprehensive look at how the scheme works, its benefits, and how eligible women can apply to become a “Bima Sakhi.”
Key Highlights of the LIC Bima Sakhi Scheme
- Target Audience: Women aged 18 to 70 years with at least a 10th-pass qualification.
- Objective: Empower women economically and promote financial literacy among them and their communities.
- Training Period: Three years of professional training in financial planning and insurance sales.
- Financial Assistance: A monthly stipend during the training period.
- Outcome: Opportunity to work as LIC insurance agents and, for degree holders, a chance to become LIC Development Officers.
How LIC Bima Sakhi Scheme Works
Training and Stipend Details
The LIC Bima Sakhi Scheme provides three years of structured training to participants, equipping them with the skills to promote insurance and secure financial independence.
- Year 1: Women receive ₹7,000 per month as a stipend during the initial training phase.
- Year 2: A stipend of ₹6,000 per month, provided they retain at least 65% of the policies sold in the first year.
- Year 3: A stipend of ₹5,000 per month, contingent on maintaining 65% of the policies sold in the second year.
This structure motivates participants to focus on customer satisfaction and policy retention, ensuring their long-term success in the insurance sector.
Career Pathways After Training
- Insurance Agents: After completing the training, women can work as LIC insurance agents, earning commissions and building a stable career.
- Development Officers: Women with a bachelor’s degree have the opportunity to advance their careers as LIC Development Officers.
Eligibility Criteria for Bima Sakhi Scheme
To join the LIC Bima Sakhi Scheme, candidates must meet the following requirements:
- Educational Qualification: Minimum of 10th-pass certification.
- Age Limit: Women aged 18 to 70 years are eligible to apply.
- Exclusive to Women: The scheme is exclusively for female candidates.
Application Process for LIC Bima Sakhi Scheme
Steps to Apply Online
- Visit LIC’s Official Website:
Go to https://licindia.in and find the application link for the Bima Sakhi Scheme. - Fill Out the Application Form:
Provide your name, date of birth, mobile number, email ID, and address. - Mention Any LIC Connections:
If you are related to an LIC agent, employee, or development officer, disclose this information. - Upload Required Documents:
Attach self-attested copies of the following:
- Age proof.
- Address proof.
- 10th-pass certificate.
- Submit the Form:
Complete the CAPTCHA verification and click the submit button to finalize your application.
Important Notes for Applicants:
- Incomplete or incorrect applications may be rejected.
- Ensure that your uploaded documents are recent and meet the format requirements.
- Existing LIC agents or employees and their close family members are not eligible to apply.
Performance Norms for Participants
To continue receiving benefits under the scheme, participants must meet specific performance standards:
- Policy Retention: Ensure 65% of policies sold in the first and second years remain active.
- Customer Service: Provide excellent service to clients to maintain and grow their portfolios.
These norms aim to build professionalism and sustainability in the participants’ careers.
Why the Bima Sakhi Scheme Stands Out
The LIC Bima Sakhi Scheme is not just about offering jobs—it’s about empowering women to take charge of their financial future while supporting their families. By becoming a Bima Sakhi, women gain valuable skills in financial literacy, sales, and customer service, setting the stage for long-term growth and stability.
Stipend and Earnings Breakdown
The financial support provided during the training period is designed to ease the transition into a new career:
- Year 1: ₹7,000 per month.
- Year 2: ₹6,000 per month, conditional on policy retention.
- Year 3: ₹5,000 per month, with continued emphasis on maintaining active policies.
Beyond the stipend, participants can earn commissions based on the number and value of policies sold. This dual-income structure offers both immediate and long-term financial benefits.
Who Cannot Apply for the Scheme?
Certain restrictions apply to maintain fairness and transparency:
- Close family members of current LIC agents or employees cannot apply.
- Retired LIC agents or employees are not eligible to rejoin under this scheme.
- Existing LIC agents cannot switch to the Bima Sakhi Scheme.
Empowering Women Through Financial Independence
The LIC Bima Sakhi Scheme is a transformative initiative that enables women to become financially independent and self-reliant. By combining training, financial support, and career opportunities, this program not only benefits individuals but also strengthens their communities through increased financial literacy and insurance penetration.
