Life Insurance Corporation of India keeps bringing insurance policies for every section. Now the government insurance company has started a scheme for women, under which they can avail a minimum benefit of Rs 7000 per month.
Prime Minister Narendra Modi started this scheme on Monday. The name of this scheme is Bima Sakhi, which has been started by Life Insurance Corporation of India (LIC) with the aim of empowering women financially.
The aim of the Bima Sakhi scheme is to enlist 100,000 Bima Sakhis within a year, to provide rural women with an opportunity to become insurance agents, earn a livelihood and raise awareness about insurance in rural areas. The LIC Bima Sakhi scheme is expected to not only create new livelihood opportunities for rural women but also improve insurance access in underprivileged areas of India.
By combining social welfare with business growth, LIC’s initiative aims to empower women and contribute to the broader goal of financial inclusion. The scheme targets women aged 18 to 70 years who have at least completed 10th standard education. LIC plans to enroll 100,000 Bima Sakhis in the next 12 months and 200,000 Bima Sakhis in three years as part of its women empowerment campaign.
The specialty of this scheme is that
the women participating in this scheme will be given a fixed stipend for the first three years in addition to the commission earned from policy sales.
- The estimated monthly income for women will start from Rs 7,000.
- During the first year, individuals will receive Rs 7,000 every month.
- In the second year, the monthly payment will reduce to Rs 6,000.
- By the third year, the amount will reduce to Rs 5,000.
- Women who achieve or exceed sales targets will be given additional commission based incentives.
Freedom to work is given under this scheme. Also, training will be provided to the agents by LIC. By enrolling in the program, women will receive special training and financial literacy support for the first three years. Graduation Bima Sakhis will get the opportunity to work as LIC agents and they may also be eligible for the role of development officer within the company.
Who can apply?
Women between the ages of 18 and 50 are eligible to apply for this program. The minimum eligibility is 10th pass and women living in rural areas will be given preference. Relatives of existing agents and employees will be considered ineligible in this scheme.
