The LIC Bima Sakhi Yojana is an exclusive initiative launched by the Life Insurance Corporation of India (LIC) aimed at providing women with a sustainable career path while enhancing awareness of life insurance in remote regions. The scheme is structured to recruit women as LIC agents, ensuring their financial security and fostering economic growth in underserved areas.
This initiative was inaugurated on December 9, 2024, in Panipat, Haryana, by Prime Minister Narendra Modi. It focuses on empowering women through a stipend-based system while allowing them to earn additional income through insurance sales and commissions.
Key Highlights of LIC Bima Sakhi Scheme
| Feature | Description |
|---|---|
| Scheme Name | LIC Bima Sakhi MCA Scheme |
| Launched By | Life Insurance Corporation of India (LIC) |
| Target Beneficiaries | Women Applicants Only |
| Program Type | Stipend-based Training & Career Development |
| Launch Date | December 9, 2024 |
| Monthly Stipend | ₹7,000 (Year 1), ₹6,000 (Year 2), ₹5,000 (Year 3) |
| Application Mode | Online Submission |
| Official Website | licindia.in |
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Why Choose LIC Bima Sakhi Yojana?
1. Women’s Financial Empowerment
The scheme provides a stable income for women, allowing them to work independently and gain financial freedom. The stipend acts as initial support to help them establish themselves as successful LIC agents.
2. Spreading Insurance Awareness
One of the main objectives of this initiative is to increase life insurance awareness in rural and small-town communities, ensuring more families secure their financial future.
3. Flexible Work Environment
Participants can work on a self-paced schedule, making this an ideal opportunity for homemakers, students, and women seeking a flexible career.
4. Professional Training and Support
LIC offers structured training programs to help women develop sales, marketing, and customer relationship management skills. This ensures confidence and competence in their roles.
Eligibility Criteria for LIC Bima Sakhi Yojana
To qualify for the LIC Bima Sakhi Yojana, applicants must meet the following conditions:
- Women aged 18 to 70 years.
- Must have completed at least Class 10 education.
- Preference is given to candidates from rural and semi-urban areas.
- Exclusions:
- Women who are relatives of existing LIC agents or employees.
- Retired LIC employees are not eligible.
Stipend Details Under the Mahila Career Agent Scheme
The stipend is structured to provide financial support during the initial years, allowing agents to establish a sustainable income through commissions.
| Year | Monthly Stipend |
|---|---|
| 1st | ₹7,000 |
| 2nd | ₹6,000 |
| 3rd | ₹5,000 |
In total, an agent can receive ₹2,16,000 over three years while also earning commissions from insurance sales.
Required Documents for Application
Applicants must submit the following documents during the application process:
- 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
- Passport-Sized Photographs – Recent Photos
Step-by-Step Application Process
Interested candidates can follow these steps to apply online:
- Visit the LIC Official Website
- Go to licindia.in and navigate to the Bima Sakhi Yojana Application section.
- Register Yourself
- Create an account using your name, mobile number, and email ID. Verify via OTP authentication.
- Complete the Application Form
- Fill in your personal, educational, and professional details.
- Upload Necessary Documents
- Attach scanned copies of Aadhaar, PAN, educational certificates, and bank details.
- Submit the Application
- Review all details before submission and save the acknowledgment number for future reference.
- Await Confirmation
- LIC will evaluate applications and contact shortlisted candidates for training and onboarding.
Frequently Asked Questions (FAQs)
Q1: Who is eligible for the LIC Bima Sakhi Yojana?
A: Women aged 18-70 years with at least a 10th-grade qualification can apply. However, relatives of existing LIC agents and employees, as well as retired LIC employees, are not eligible.
Q2: How much stipend is offered under this scheme?
A: The stipend structure is as follows: ₹7,000 per month in the first year, ₹6,000 in the second year, and ₹5,000 in the third year, totaling ₹2,16,000 over three years.
Q3: Is this a permanent job with LIC?
A: No, this is a stipendiary-based program. The stipend is provided for three years, but earnings depend on commission-based sales.
Final Thoughts
The LIC Bima Sakhi Yojana 2024 presents a remarkable opportunity for women seeking financial independence and career growth. By combining a structured stipend program with performance-based commissions, this initiative allows women to establish themselves as successful LIC agents. The flexible nature of the program makes it particularly appealing to homemakers and individuals looking to balance work and personal commitments.
With an easy application process, minimal eligibility requirements, and significant earning potential, this scheme stands out as an excellent career-building initiative for women across India. Interested candidates should apply at LIC’s official website and take the first step toward financial self-reliance.