LIC Bima Sakhi Yojana (बीमा सखी योजना)

Firstly, they will get intensive training along with a stipend for three years in spreading insurance awareness and financial literacy. Upon completing the training, they may be referred to as LIC agents, while the Bima Sakhis who were trained through this course will be eligible for LIC development officer positions.

What is LIC Bima Sakhi Yojana?

LIC Bima Sakhi Yojana (MCA Scheme), an initiative of Life Insurance Corporation of India (LIC), is a government-supported, salaried scheme exclusively designed for rural women to provide them with training, fixed stipends, and, subsequently, long-term income opportunities. This MCA scheme is a three-year stipendiary programme that facilitates the appointment of women as volunteer insurance agents (Bima Sakhis).

Key Highlights of LIC Bima Sakhi Yojna:

• The LIC Bima Sakhi Yojana aims to create employment for 1,00,000 women. It also aims to increase insurance awareness and improve access to insurance in villages.

• This women career agent scheme provides training for 3 years and offers Rs. 7,000 in the first year, Rs. 6,000 in the second year, and Rs. 5,000 in the third year as a monthly stipend.

• Women under the LIC Bima Sakhi scheme are trained in insurance products and financial literacy, so they can guide and support the weaker sections of society in making life insurance and financial planning decisions.

• The LIC Bima Sakhi application can only be done using the LIC Portal.

Eligibility Criteria of LIC Bima Sakhi Yojana

Note: Make sure to double-check all documents before you proceed with LIC Bima Sakhi Yojana apply online to avoid rejection.

Stipend Payable in LIC Bima Sakhi Yojana

What is the Fee Required to Become a Mahila Career Agent in LIC through LIC Bima Sakhi Scheme?

To apply for the Mahila Career Agent LIC scheme, you need to pay a total fee of ₹650, which includes:

LIC Fee: ₹150

IRDAI Exam Fee: ₹500

This fee covers the registration and examination required to become a licensed Mahila Career Agent.

What are the Key Features and Benefits of the Bima Sakhi Yojana?

• Financially Empowering Women: Under this Mahila Career Agent LIC Scheme, women between the ages of 18 and 70 will be selected and trained over a three-year period. During this period, they will get a Bima Sakhi salary and career support from LIC through which they can achieve financial independence. This is a visionary project as LIC aims to enrol 1 lakh women and convert them into Bima Sakhi.

• Rural and Semi-Urban Focus: This women career agent LIC scheme is primarily aimed at rural and semi-urban areas, where people generally have very limited knowledge of insurance. Enabling these local women to become insurance agents not only closes the gap but also fosters the acceptance of insurance in these areas.

• Women as Financial Educators: Upon completion of the training, Bima Sakhis are expected to become insurance educators in their communities. The initiative is also aimed at enhancing financial literacy to protect families against unforeseen circumstances.

• Career Growth Opportunities: The Mahila Career Agent LIC scheme allows women to pursue long-term careers in insurance. After their training, women can become official LIC agents, further expanding their financial independence and career prospects.

• Financial Literacy Workshops: Besides training women as insurance agents, the LIC Bima Sakhi Yojna conducts workshops on financial literacy. These sessions will help the women not only to get an overview of personal finance, budgeting, and long-term financial planning themselves but also to effectively guide others.

LIC Bima Sakhi Registration: How to Apply for LIC Bima Sakhi Yojana?

The LIC Bima Sakhi Yojana online option is the easiest way to become a Bima Sakhi. Women who meet the requirements can apply for the LIC Sakhi Yojna online through the LIC website. Currently, no offline application method exists. To sign up for Bima Sakhi online, do the following:

Step 1: Visit the LIC portal.

Step 2: Enter the phrase "Bima Sakhi" in the search box.

Step 3: On the next page, scroll down until you see "Click Here for Bima Sakhi." You can get to the Bima Sakhi registration form by clicking on the link.

Step 4: Enter the required information into the form, including your name, date of birth, mobile number, email address, address, whether you are related to a LIC employee or agent, and the captcha code. Then click "Submit."

Note: The LIC of India and the GOI have not yet announced a last date for LIC Bima Sakhi registration.

Understanding with Examples How LIC Bima Sakhi Yojana Works

Let us try to understand how the LIC Bima Sakhi Yojana works with the help of some examples:

Scenario 1: Housewife

Sita, a stay-at-home mom from a small village, signs up for the Life Insurance Corporation of India's Bima Sakhi Yojana. She turns into a reliable insurance advisor only after she has been trained. Life insurance purchased through the family she assists turns out to be the only way for them to continue their education and meet other living expenses after the premature death of a family member. Sita gets a commission, becomes independent and gets the respect of her villagers.

Scenario 2: Small Business Owner

Meera, who owns a store, becomes a Bima Sakhi to learn more about money. She teaches other small business owners about health and life insurance. Because of her advice, one shopkeeper doesn't have to worry about money anymore after getting sick. Meera earns commissions, grows her business, and helps her community's finances stay stable.

Scenario 3: Women’s Self-Help Group

Sunita is a member of the women's self-help group that takes the Life Insurance Corporation of India Bima Sakhi Yojana. She educates the members about insurance, and they make the policies for their families together. Sunita achieves greater respect from the group and also earns more money.

Community Benefits of LIC Bima Sakhi Yojana (MCA Scheme)

The LIC Bima Sakhi Scheme benefits women by empowering them in financial aspects, but it is not limited to that. Because it is a grassroots-level initiative, the benefits also trickle down to the community.

• Increased Insurance Penetration: Training women as Bima Sakhis has helped LIC to tap into new markets. That has led more people in rural and semi-urban areas to become aware of and buy life insurance.

• Financial Security for Families: Through Bima Sakhi Yojana, even families in remote areas get to know about life insurance products that provide them with financial security in case of an unexpected event. Eventually, this results in a financially stable and secure community.

• Empowering Women's Role in Society: This program elevates women's status in several ways. Firstly, it recognizes them as the main breadwinners in the families. Then, it highlights their role as leaders within their communities. In this way, the creation of the scheme has gone hand in hand with the advancement of gender equality and women's empowerment.

Government’s Long-Term Vision for Women's Empowerment

Bima Sakhi Yojana is more than just an insurance awareness program; it is a means of securing long-term socio-economic development. It enables women to become financial educators and insurance agents, thus solving the two most significant issues, basically, financial illiteracy and the lack of economic opportunities for women. Besides that, this scheme is completely in line with the aspirations of financial inclusion, women's economic independence, and universal insurance.

LIC Bima Sakhi Yojana Last Date

The Life Insurance Corporation of India (LIC) has not set a deadline for submitting applications for the LIC Bima Sakhi Yojana yet. Candidates willing to apply may do so now. Applicants must keep themselves updated by visiting the official LIC website for any announcements related to the final application deadline.

Final Thoughts

Life Insurance Corporation of India (LIC) has launched the 'Bima Sakhi Yojana' programme that aims at empowering women between 18, 70 years of age, who should be Class X pass. The project plans to appoint 2,00,000 women as insurance agents over the next 3 years and will definitely help create a more financially secure and aware society.

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