The Life Insurance Corporation of India (LIC) has introduced the Bima Sakhi Yojana, offering women up to ₹7,000 monthly, professional training, and flexible working hours. This initiative focuses on boosting financial independence among women while spreading financial literacy across India.
Key Highlights of Bima Sakhi Yojana
1. Objective:
The primary aim is to train and recruit women as volunteer insurance agents. This not only enhances insurance penetration but also fosters financial awareness, especially in rural and semi-urban areas.
2. Eligibility Criteria:
- Age Range: Women between 18 and 70 years.
- Education: Minimum qualification of Class 10 pass.
- Exclusions: Immediate relatives of LIC employees or agents, retired LIC employees, ex-agents, and existing agents cannot apply.
3. Training and Stipends:
The program includes a three-year training period with the following stipend structure:
- Year 1: ₹7,000 per month
- Year 2: ₹6,000 per month
- Year 3: ₹5,000 per month
To continue receiving stipends, agents must maintain a policy retention rate of 65% from the previous year.
4. Commission and Incentives:
Participants earn commissions on the policies they sell. For instance, they can earn up to ₹48,000 (excluding bonuses) in the first year alone.
5. Career Growth:
After completing the program, participants can continue as LIC agents. They also become eligible for Development Officer roles within LIC, offering long-term career growth and stability.
How to Apply for Bima Sakhi Yojana
Applying for the scheme is straightforward:
- Gather required documents:
- Proof of age
- Address proof
- Educational qualification certificates
- Submit the application form online via LIC’s official website or offline at LIC branches.
Benefits of the Scheme
- Empowering Women: It provides women with financial independence and valuable professional skills.
- Financial Literacy: Promotes awareness about insurance benefits, especially in underserved regions.
- Career Opportunities: Opens the door to stable and rewarding careers in the insurance sector.
- Community Impact: Helps expand insurance services and literacy, especially in rural areas.
Why Is Bima Sakhi Yojana Important?
The Bima Sakhi Yojana is more than just a training program; it’s a step toward financial empowerment. It equips women with essential skills, ensures a steady income, and builds confidence. By bringing insurance services to rural and semi-urban areas, the scheme also contributes to societal development.
Final Thoughts
LIC’s Bima Sakhi Yojana is a transformative initiative that creates opportunities for women while promoting financial literacy. With its structured training, stipends, and career prospects, the scheme is set to make a lasting impact on both individual lives and communities. This program exemplifies how empowering women can lead to broader societal progress. More..
