Bima Sakhi Yojana

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About Bima Sakhi Yojana:

It is an initiative of the state-owned Life Insurance Corporation (LIC).
It is designed to empower women aged 18-70 years who have passed out of Class 10.
They will receive specialised training and a stipend for the first three years to promote financial literacy and insurance awareness.
Under the scheme, female agents will get a stipend of Rs. 7,000 per month for the first year, Rs. 6,000 per month in the second year, and Rs. 5,000 per month in the third year.
Bima Sakhis will also get commissions. They will receive a commission of Rs 48,000 (excluding bonus) for the first year.
The plan is to appoint two lakh Bima Sakhi over a period of three years.
Following the completion of the training, women 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.
Relatives of existing agents and employees are not eligible for the scheme. Retired employees are also ineligible.

Q1: What is the Life Insurance Corporation (LIC)?

LIC is a state-owned organization and India’s largest life insurance company. Established in 1956, LIC has provided insurance coverage to millions of individuals and families nationwide for over six decades.

News: PM launches LIC’s ‘Bima Sakhi Yojana’