The Modi government has taken an important initiative in the field of women empowerment. Recently on 9 December, Prime Minister Modi has launched LIC’s Bima Sakhi Yojana to empower women financially. Women joining this scheme will be known as “Bima Sakhi”. Under the Bima Sakhi Yojana, It is a stipend scheme exclusively for women with a stipend period of 3 years. women will be given special training and stipend for three years.
What is LIC’s Bima Sakhi Yojna :
The LIC Bima Sakhi Yojana is a significant initiative designed to extend the benefits of insurance to rural and semi-urban areas, focusing primarily on empowering women in these communities. Life Insurance Corporation of India aimed at empowering women by training them to become insurance agents, known as Bima Sakhis. This program targets women aged 18 to 70 who have completed at least their 10th-grade education. It provides them with an opportunity to earn a stipend and commission while promoting insurance coverage in their communities.
Aim of the LIC Bima Sakhi Yojana :
The primary aim of the LIC Bima Sakhi Yojana is to penetrate rural and underserved markets with insurance products by employing women from these very communities. These women, known as ‘Bima Sakhis’, are trained and equipped to serve as micro-insurance agents. The program is part of a broader push to increase financial literacy and inclusion in India, ensuring that more individuals have access to financial safety nets like life insurance, health insurance, and pension schemes.
Stipend Payable under the scheme
Key Aspects of LIC Bima Sakhi Yojana:
- Empowerment and Employment: The primary goal is to empower women by providing them with employment opportunities, thus enhancing their financial independence and societal status.
- Financial Inclusion: Bima Sakhis facilitate the spread of financial literacy and insurance penetration in underserved areas, promoting greater financial inclusion.
- Training and Support: Women selected for the program receive training from LIC, equipping them with the necessary knowledge and skills to effectively sell insurance products and manage customer relations.
- Income Generation: The Bima Sakhis earn a commission based on the insurance policies they sell, creating a sustainable source of income for them and their families.
- Community Trust: Being locals, the Bima Sakhis often enjoy the trust of the community, making it easier for them to sell insurance products and manage relationships.
Training will be given for three years
In the first phase of LIC Bima Sakhi Yojana, 25000 women will be employed as LIC agents. After this, “2 lakh Woman Bima Sakhi will be appointed in 1 Year”. Let us tell you that under the scheme, women will be given three years of training along with money and after its completion, all of them will be able to work as LIC agents. At the same time, BA passed women will also get a chance to become development officers.
ELIGIBILITY CRITERIA
Age limit: Minimum age of 18 years and a maximum of 70 years as of the application date.
Educational qualification: Candidates must have at least a Class 10 qualification.
How to apply for Bima Sakhi Yojana?
Step 1. Go to the official website of LIC
Step 2. After this, click on ‘Click here for Bima Sakhi’.
Step 3. Now a new page will open.
Step 4. Fill all the details here including your name, date of birth, mobile number, email ID and address.
Step 5. If you are associated with any LIC agent/development officer/employee/medical examiner, then enter his details as well.
Step 6. After this, enter the captcha code and click on submit to complete the process.
Conclusion :
The LIC Bima Sakhi Yojana is more than just an insurance selling initiative; it is a transformative program aimed at empowering women, enhancing financial inclusion, and delivering financial products and education to the doorsteps of India’s rural populace. By empowering women as Bima Sakhis, the scheme not only contributes to their personal and economic growth but also promotes a broader cultural shift towards gender equality in business and finance. As this program expands, its impact on individual lives and on the economic health of rural communities is expected to grow, making it a vital part of India’s financial inclusion strategy.
Frequently Asked Questions
What is the Bima Sakhi Yojana?
LIC’s Bima Sakhi (MCA Scheme) is a Stipendiary Scheme, exclusively for Women , with a stipendiary period of 3 years.
Who is eligible to join the Bima Sakhi Yojana?
Women aged 18 to 70 years who have completed at least the 10th standard are eligible to join. Government employees, however, are not eligible to participate in this scheme.
What happens if I miss my monthly target?
If you do not meet your monthly target of securing two policies, you will not receive your salary for that month. However, achieving more than the target in one month can compensate for another, providing flexibility.
Can I benefit from this scheme if I’m already an LIC agent?
No, existing LIC agents are not eligible to benefit from this scheme. The Bima Sakhi Yojana is intended for new recruits who join under this specific program post its initiation.
What are the financial benefits of the scheme?
What is the application process?
Interested candidates can apply either online through the LIC official website or by visiting an LIC office. The application process involves filling out a form and submitting necessary documents such as proof of age, education, and address.
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