The government of India has launched the Bima Sakhi Yojana 2024 to enable women to work as policy agents in the Life Insurance Corporation of India. The scheme will open opportunities for women to enrol in the training and participate in income-generating activities with LIC. The scheme has been launched by Prime Minister Shri Narendra Modi to enable aspiring women to become part of the largest insurance institution in India. In the first year of the scheme, about 1,00,000 women will be selected for the purpose, and they will have to undergo a training program organised by the Life Insurance Corporation of India. Read below to check all the crucial details about the Bima Sakhi Yojana 2024.
Launch of the Bima Sakhi Yojana 2024
Prime Minister Shri Narendra Modi inaugurated the Bima Sakhi Scheme on December 9, 2024, in Panipat, Haryana. On the occasion, the PM highlighted the participation of women in various socio-economic activities, including the income-generating activities in LIC. Women becoming part of LIC through the Bima Sakhi Yojana will earn a monthly income of INR 15,000. The scheme will cover and enrol more than 3,00,000 women aspirants in the upcoming years. To become an LIC agent, women citizens are required to have at least a 10th qualification and will have to undergo the training program of the LIC.
Bima Sakhi Yojana Details in Summary
| Name of Scheme | Bima Sakhi Yojana |
|---|---|
| Concerned Government | The Central Government of India |
| Launched on | December 9, 2024 |
| Who launched | Prime Minister Narendra Modi |
| Scheme type | Women empowerment scheme |
| Benefits | Income and employment opportunities |
| Beneficiaries | Women from all backgrounds |
| Application Process | Online/offline |
| Official Website | https://licindia.in/ |
Aims and Objectives
The LIC’s Bima Sakhi Scheme aims to integrate women citizens as their policy agents for employment and income purposes. For this purpose, the LIC will impart the necessary training to candidates. The main objective of this scheme is to integrate Bima Sakhi in policy marketing and selling activities that will ultimately lead to an increase in employment and income of the institution and the participatory women. The Bima Sakhi Yojana will integrate at least one Bima Sakhi in every panchayat in India in the upcoming years, thus developing a vast chain of working women as LIC agents across the country. The scheme will help women citizens earn better employment and income opportunities, which will improve their socio-economic status.
See Also: Pradhan Mantri Matru Vandana Yojana
Key Features
- The LIC Bima Sakhi Yojana is a central government scheme that will run in collaboration with the Life Insurance Corporation of India.
- The scheme envisages selecting and providing training to women and developing them into efficient policy agents.
- For this purpose, skill and communication training will be imparted to all candidates by the LIC.
- Women from any background can apply and become Bima Sakhi under the scheme.
- Initially, about 1,00,000 women will be selected and provided training for becoming Bima Sakhi.
- The scope of selection will be extended to include 2,00,000 more candidates in the future.
Budget Allocation
The Life Insurance Corporation of India has allocated a budget of INR 840 crores for the first year of the scheme implementation. This amount will be expensed to meet the goals of the training program and manage other logistic expenditures.
Financial and Employment Benefits to women
- Women beneficiaries will have to complete the training program, and thereafter they will work as Bima Sakhi to sell insurance policies to customers and earn income through it.
- It is estimated that a Bima Sakhi will be able to generate at least INR 15,000 per month as a Bima Sakhi.
- During the training period, a financial stipend will also be granted to each trainee.
- The stipend will be₹7,000 in the 1st year, ₹6,000 in the 2nd year, and ₹5,000 in the 3rd year of the training program.
- LIC may appoint a Bima Sakhi as a regular Bima Agent based on the performance of each Bima Sakhi.
Targeted Beneficiaries and Coverage
- In the first year of the scheme, about 1 lakh women will be selected for the training.
- In the future, the scheme coverage will extend to encompass 2 lakh more women in the program.
Training Details
- Formal training will be imparted to each selected applicant. The training program will span a 3-year period during which trainees will receive a yearly stipend from the government. Those candidates who successfully complete the training will become full-fledged Bima Sakhi in the LIC.
Eligibility Criteria
- The applicant should be an Indian citizen.
- The minimum age of the applicant should be 18 with a maximum age limit of 70 years.
- The applicant should have passed at least 10th grade (matriculation) to become a Bima Sakhi.
- Any woman citizen can apply irrespective of socio-economic status and family background.
Required Documents
- Aadhar Card of the Applicant
- Age proof, i.e. Birth Certificate
- Matriculation Certificate
- Mobile Number
- Email ID
- Address Proof
- Duly filled application form (For offline applicants)
- Passport-sized photograph
See Also: Prime Minister Internship Scheme (PMIS)
Who is not eligible?
- Relatives of an existing agent or employee.
- Relatives include spouses, children, including adopted and stepchildren (whether dependent or not), parents, brothers, sisters, and immediate in-laws.
- Existing agent of the Life Insurance Corporation of India.
- A retired employee of the LIC or an ex-agent seeking reappointment.
Bima Sakhi Yojana: Apply Online 2024
- Applicants who are eligible for the Bima Sakhi Scheme can submit their application online by visiting the official website, i.e. https://licindia.in/
- After you reach the home screen of the LIC’s website, you need to click on the Click Here to Apply button alongside the Bima Sakhi Yojana tab.
- A new page will reflect on your screen.
- Scroll this page a little bit and click on the Click Here for Bima Sakhi button to proceed further.
- On clicking the above button, you will be redirected to the online application form of the Bima Sakhi Yojana.
- Fill out the online application form with all mandatory details.
- You are required to fill out the following information:
- Name
- Nationality
- Date of Birth
- Mobile Number
- Email ID
- PIN Code
- Address
- After you provide all the necessary information, fill in the captcha code and click the Submit button.
- Your online application for the Bima Sakhi Yojana will be submitted successfully.
Offline Application Process for Bima Sakhi Yojana
- Eligible applicants can visit the nearest branch of the Life Insurance Corporation of India and collect the application form for the Bima Sakhi Yojana.
- Fill out the application form with all the necessary details.
- Attach a copy of the necessary documents to the filled application form.
- Submit your application form to the concerned official and collect the acknowledgement receipt.
- After your application is accepted and approved, you will be informed about it through SMS or call.
- After you receive the information, you can join the training program.
Contact Details
- Whatsapp: 8976862090
- Phone: +91-22-68276827
Frequently Asked Questions
Which government has launched the Bima Sakhi Yojana 2024?
The Government of India has launched the Bima Sakhi Yojana 2024.
What is the Bima Sakhi Scheme 2024?
This is a women empowerment scheme that will pave the way for women to become working members of LIC.
Who can apply for the Bima Sakhi Yojana?
Only women citizens can apply for the scheme.
Who is eligible to apply for the Bima Sakhi?
Women aged 18 or above having a minimum educational qualification of 10th standard can apply.
Who cannot apply for the scheme?
Existing agents, relatives of existing agents, and a retired employee of the LIC cannot apply.
Is there any training program under the scheme?
Yes, a training period of 3 years will apply to all applicants.
How much stipend will be provided to the trainee during the training period?
₹7,000 in the 1st year, ₹6,000 in the 2nd year, and₹5,000 in the 3rd year.
How much income a Bima Sakhi will earn?
An estimated income of INR 15,000 can be earned each month by a Bima Sakhi.
What is the application process for the Bima Sakhi Scheme?
The application process is online for Bima Sakhi Yojana and can be performed on the official website of LIC, i.e., https://licindia.in/.