LIC Bima Sakhi Yojana: Empowering Women with Financial Independence

The LIC Bima Sakhi Yojana, an initiative introduced by Prime Minister Narendra Modi on December 9, is a step toward enhancing women’s financial independence in India. Launched under the visionary leadership of PM Modi, the scheme aims to promote financial literacy and empower women by offering them opportunities to become volunteer insurance agents.
During the program’s inauguration, appointment certificates were distributed to prospective agents, symbolizing the beginning of their journey in the financial sector.

The LIC shared on its official X (formerly Twitter) account:

“Empowering women for a prosperous India. With the visionary leadership of Hon. PM Shri Narendra Modi, LIC’s Bima Sakhi Yojana is here to support women on their journey to financial independence and a brighter future.”

This unique program focuses on providing women aged 18 to 70 with specialised training, stipends, and future opportunities in the insurance sector, enabling them to contribute meaningfully to financial inclusion across the nation.

What Is LIC Bima Sakhi Yojana?

The LIC Bima Sakhi Yojana is a three-year stipend-based scheme tailored exclusively for women. This initiative offers participants comprehensive training, enabling them to become LIC agents and later qualify for Development Officer roles.

The program seeks to boost financial literacy, encourage active participation in the insurance industry, and help women achieve self-reliance by equipping them with the necessary skills and resources.

Eligibility Criteria for LIC Bima Sakhi Yojana

To qualify for the LIC Bima Sakhi Yojana, candidates must meet the following criteria:

Age Requirements for LIC Bima Sakhi Yojana

• Minimum age: 18 years

• Maximum age: 70 years (as of the application date)

Educational Qualification for LIC Bima Sakhi Yojana

• Candidates must have at least a Class 10 qualification.

Exclusions

The following individuals are not eligible for the scheme:

• Relatives of LIC employees or agents (spouses, children, parents, siblings, or immediate in-laws)

• Retired LIC employees

• Ex-agents and current agents

Stipend and Commission Details

Under the scheme, participants receive a monthly stipend over three years, based on performance:

• Year 1: ₹7,000 per month

• Year 2: ₹6,000 per month

• Year 3: ₹5,000 per month

Participants must maintain at least 65% policy retention from the previous year to continue receiving the stipend.

In addition to the stipend, participants are entitled to earn a first-year commission of ₹48,000 (excluding bonuses) on the policies sold.

Application Process for LIC Bima Sakhi Yojana

Women interested in applying for the scheme need to complete the application form and submit the following self-attested documents:

• Proof of age (such as Aadhaar, PAN, or birth certificate)

• Proof of address (such as voter ID, Aadhaar, or utility bills)

• Educational qualification certificates

The application process is simple, ensuring accessibility for women from diverse backgrounds.

Why LIC Bima Sakhi Yojana Is Important

The LIC Bima Sakhi Yojana represents a significant step in empowering women by fostering financial inclusion and literacy. Through this initiative, participants gain valuable professional training, develop financial acumen, and access career growth opportunities within one of India’s leading insurance organisations.

Conclusion

The LIC Bima Sakhi Yojana is more than just a financial scheme—it is a powerful initiative aimed at fostering women’s empowerment and financial independence. By offering structured training, stipends, and career opportunities, this program equips women to make a meaningful impact in the insurance sector and beyond.

As India continues its journey toward inclusive economic growth, the Bima Sakhi Yojana emerges as a testament to the government’s commitment to uplifting women and creating a prosperous, financially literate nation. For aspiring women seeking a gateway into the financial world, this scheme provides a golden opportunity to build a sustainable career and contribute to India’s economic progress.

Women interested in participating are encouraged to review the eligibility criteria and submit their applications to embark on this transformative journey.