Life Insurance Corporation of India (LIC) has launched an innovative scheme aimed at empowering women financially. Named Bima Sakhi Yojana, this initiative focuses on providing financial independence to women, particularly in rural areas, through insurance opportunities and monthly payments.
Launched under the leadership of Prime Minister Narendra Modi, the scheme highlights LIC’s commitment to promoting financial awareness and creating employment for women across India.
Bima Sakhi Yojana aims to recruit 100,000 Bima Sakhis within a year and 200,000 within three years. These women will act as insurance agents, receive monthly stipends, and earn commissions for selling insurance policies.
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What Is Bima Sakhi Yojana?
Bima Sakhi Yojana is a transformative insurance scheme designed specifically for women. The scheme allows women to act as Bima Sakhis (insurance agents), empowering them to earn a regular income while promoting insurance awareness in underserved areas.
Key goals of the scheme include:
- Financial empowerment of women.
- Employment generation for women aged 18 to 70 years.
- Enhancing insurance accessibility in rural and semi-urban areas.
Women participating in the scheme will also receive training and financial education, equipping them to perform effectively as Bima Sakhis.
Special Features of Bima Sakhi Yojana
- Monthly Payments for Women
- Women enrolled in the scheme receive a fixed stipend for the first three years.
- Monthly payments start at ₹7,000 in the first year.
- Payment reduces to ₹6,000 in the second year and ₹5,000 in the third year.
- Commission-Based Earning
- Apart from the stipend, women earn a commission for every policy sold.
- Women meeting specific targets are rewarded with additional bonuses.
- Target for Recruitment
- LIC has set an ambitious target to recruit:
- 100,000 Bima Sakhis in the first year.
- 200,000 Bima Sakhis within three years.
- LIC has set an ambitious target to recruit:
- Training and Financial Education
- Enrolled women receive specialized training for three years to enhance their financial knowledge and skills.
Eligibility Criteria for Bima Sakhi Yojana
To be eligible for the Bima Sakhi Yojana, women must meet the following conditions:
| Criteria | Details |
|---|---|
| Age Range | 18 to 70 years |
| Educational Qualification | Minimum Class 10 Pass |
| Employment Opportunity | Act as an insurance agent |
| Income Support | Monthly stipend + commission |
This structure ensures that even women from underprivileged backgrounds can participate and benefit from the scheme.
Benefits of Bima Sakhi Yojana
- Regular Income
- Women receive guaranteed monthly payments for three years, ensuring financial stability.
- Financial Independence
- Bima Sakhis earn commissions on policy sales, creating a sustainable income source.
- Job Creation
- The scheme targets employment for women, especially in rural India, fostering financial inclusion.
- Skill Development
- Through training programs, women gain financial literacy and confidence to manage their roles effectively.
- Economic Empowerment
- The initiative aligns with the government’s vision of women empowerment by providing opportunities for income generation and professional growth.
Financial Overview of Bima Sakhi Yojana
The financial benefits offered under the scheme are outlined as follows:
| Year | Monthly Stipend | Additional Benefits |
|---|---|---|
| First Year | ₹7,000 | Commission on policy sales |
| Second Year | ₹6,000 | Performance-based bonuses |
| Third Year | ₹5,000 | Commission + financial training |
This structure motivates women to continue performing well while gaining financial independence.
LIC’s Bima Sakhi Yojana is a groundbreaking initiative aimed at empowering women through financial support and employment opportunities.
By combining monthly stipends, commissions, and comprehensive training, the scheme offers a solid foundation for women to achieve financial independence and contribute to the country’s economic growth.
With ambitious targets to recruit 200,000 Bima Sakhis within three years, LIC has taken a significant step toward making insurance accessible while fostering women empowerment across India.
What is the main goal of LIC’s Bima Sakhi Yojana?
The scheme aims to empower women financially by providing monthly payments, employment opportunities, and financial education.
Who is eligible to enroll in the Bima Sakhi Yojana?
Women aged between 18 to 70 years who have passed at least Class 10 can participate in the scheme.
What is the stipend amount under Bima Sakhi Yojana?
Women receive ₹7,000 per month in the first year, ₹6,000 in the second year, and ₹5,000 in the third year.
