What is LIC’s Bima Sakhi Yojana? Know eligibility, stipend & how to apply

In line with his commitment to women empowerment and financial inclusion, Prime Minister will Bima Sakhi Yojana (Mahila Career Agents Scheme) in Panipat, Haryana. This initiative of Life Insurance Corporation of India (LIC) is designed to empower rural women. They will receive specialized training and a stipend for the first three years to promote financial literacy and insurance awareness. After training, they can serve as LIC agents and the graduate Bima Sakhis would have the opportunity to qualify for being considered for Development Officer roles in LIC.

LIC Bima Sakhi Yojana: Eligibility & Qualifications

Minimum completed age should be 18 years as on date of application. Maximum age at entry will be 70 years (last birthday)

Minimum qualification - pass in 10thstandard.

Performance Norms to be fulfilled during each Stipendiary Year by MCA:

Number of Lives	24
First Year Commission (excluding Bonus Commission)	Rs.48,000/-

LIC Bima Sakhi Yojana: The Stipend payable

Stipendiary Year	Stipend payable per month
First Year	Rs.7,000/-
Second Year	Rs.6,000/- (subject to at least 65% of Policies completed in the First stipendiary year are in-force as at the end of the corresponding month of the second stipendiary year)
Third Year	Rs.5,000/- (subject to at least 65% of Policies completed in the Second stipendiary year are in-force as at the end of the corresponding month of thethird stipendiary year )

LIC Bima Sakhi Yojana: Recruitment

In the first phase, 35,000 women will be recruited as insurance agents. In the future, the program will be expanded to include an additional 50,000 women. Initially, the program will be launched in Haryana and gradually implemented across the country.

LIC Bima Sakhi Yojana: How to apply?

Go to the official website of LIC https://licindia.in/test2.
Click on the button ‘Click Here for Bima Sakhi’ at the bottom.
Fill in your name, date of birth, mobile number, email ID, address, and other details in the form.
Fill in the captcha code and click on the submit button.

LIC Bima Sakhi Yojana: Required documents

Latest passport size photograph

Self-attested copy of Age proof

Self-attested copy of Address proof

Self-attested copy of certificate of Educational Qualification

LIC Bima Sakhi Yojana: Who are not eligible?

- Relatives of existing Agent or Employee shall not be eligible to be recruited as MCAs. Relatives shall include the following family members - Spouse, Children including adopted and step children (whether dependent or not), Parents, Brothers, Sisters and immediate In-laws.

- A Retired employee of the Corporation or an Ex-agent seeking reappointment shall not be granted agency under MCA scheme.

- Existing agent can not apply for recruitment as MCA.