LIC has launched a special initiative called the Bima Sakhi Yojana, made especially for Indian women. This scheme helps them become financially independent by training them as Life Insurance Corporation (LIC) agents. Women get a fixed monthly stipend and also earn a commission on each policy they sell.
Through Bima Sakhi, women can acquire new skills, earn a monthly income, and support their families. The scheme also helps LIC increase awareness about insurance in villages and small towns.
Why LIC Started Bima Sakhi Scheme
This scheme is not just about selling policies. LIC wants to connect with women in rural and semi-urban areas who are looking for part-time or full-time income. Many women, especially those who left jobs or couldn’t study further, can now get trained and work near their homes.
The Bima Sakhi scheme gives income and respect. After training, women work as LIC agents and can even grow into higher roles like Development Officers.
What Women Get in the Bima Sakhi Scheme
Women who join this scheme receive the following:
- Rs.7,000 per month as stipend for the first year
- Rs.6,000 per month in the second year
- Rs.5,000 per month in the third year
- Rs.2,000 commission on each policy they sell
- Bonus on policies depending on LIC’s rules
Example:
If a woman sells 24 policies in a year, she gets:
- Rs.48,000 commission (Rs.2,000 x 24)
- Rs.84,000 stipend in the first year (Rs.7,000 x 12)
That’s Rs.1,32,000 total income in one year, just by working part-time with LIC.
LIC Bima Sakhi Training and Duration
Women who join the scheme go through training for 3 years. The training is simple, practical, and teaches them how to talk to customers, explain LIC policies, and manage paperwork.
They also learn basic insurance knowledge and customer handling techniques. The aim is to make them confident and professional.
Performance Rules to Continue Stipend
To continue getting the monthly stipend, women must follow LIC’s rules:
- In Year 1, they must sell at least 24 policies
- In Year 2, they must keep at least 65% (16) of previous year’s policies active
- In Year 3, they must again maintain 65% of Year 2’s policy sales
This keeps the agents active and helps them grow their customer base slowly.
LIC Bima Sakhi Eligibility Criteria
To join LIC Bima Sakhi, women must meet these conditions:
- Minimum education: 10th class pass
- Age: 18 to 70 years
- Indian citizen with basic documents like Aadhaar and PAN
- Willingness to learn and work in their local area
Even women with graduate degrees can apply. If they do well, they can later become LIC Development Officers, which is a full-time government job with salary and benefits.
Documents Required for LIC Bima Sakhi Application
To apply, women need to keep these documents ready:
- 10th class certificate (mark sheet or passing certificate)
- PAN card
- Aadhaar card
- Recent passport-size photo
- Signature in scanned format
- Cancelled cheque from a bank account
These documents help verify the identity and bank details for stipend credit.
How to Apply for LIC Bima Sakhi Scheme
Women can apply online or offline.
Online Application Steps:
- Go to LIC India official website
- Click on “Bima Sakhi” section on the homepage
- Click the application form link
- Fill in your name, DOB, address, mobile number, and email ID
- Mention if you know any LIC agent or Development Officer
- Enter the state, district, and select LIC branch
- Submit the lead form
You’ll get a message after submission. LIC officials will call or message for the next steps.
Offline Application:
Visit your nearest LIC branch with your documents. Ask for the Bima Sakhi form. Fill it and submit with your documents. They will guide you for training and joining.
LIC Bima Sakhi Is More Than a Scheme
This scheme is not just about earning income. It gives rural and small-town women a chance to:
- Learn new skills
- Become confident speakers
- Meet new people in their community
- Build a small business of their own with LIC’s brand
Even if a woman has never worked before, she can join this scheme and start earning in just a few months.
Can This Scheme Help Housewives or Unemployed Women?
Yes, this scheme is ideal for:
- Housewives who want part-time work
- Women who stopped working after marriage
- Girls who completed 10th class and want flexible income
- Women looking to work from home or in their local area
LIC gives training and support, so no special experience is needed.
Extra Benefit: Career Growth in LIC
Women who perform well in Bima Sakhi can move forward and become LIC Development Officers. This post gives a monthly salary, government benefits, and pension. It’s a proper job in India’s largest life insurance company.
So, from a small start as an agent, women can grow into a respectable, permanent job.
Disclaimer: This scheme and its benefits are based on LIC’s official announcements. Terms and conditions may change. Always check with your local LIC branch before applying.
Source: Financial Express, LIC India