Bima Sakhi Yojana: Eligibility, process & Importance

Introduction 

PM Narendra Modi has introduced a new scheme name - “BIMA Sakhi Yojana” on 9th December, 2024. After the Lakhpti Didi and Solar Didi Schemes, this Sakhi Scheme is a big step by the government. Women will receive specialized training and a stipend for three years to encourage financial literacy and understanding of insurance. Bima Sakhis will be eligible for positions as development officers at LIC upon graduation, and she will be able to apply for positions as LIC agents after completing the program. This scheme helps to empower women and also promote women in the sector of insurance. Get the complete understanding over BIMA Sakhi Yojana including its objective, eligibility, ineligibility, stipend, target and stepwise process to apply online in this blog. 

What is LIC BIMA Sakhi Yojana?

LIC BIMA Sakhi Yojana is a stipendiary scheme started specially for women with the 3 years stipendiary period. This scheme is also known as MCA which stands for “Mahila Career Agent” which is exclusively designed to empower women aged between 18 to 70 years. However, under the MCA scheme an appointed person will not be treated as a salaried employee they will work as an agent. Under this scheme women will get proper training conducted by the government and a stipend for 3 years to promote financial literacy and insurance awareness among everyone. 

Eligibility to apply for BIMA Sakhi Yojana 

The eligibility to apply for BIMA Sakhi Yojana is mentioned below: 

• Age: Applicant minimum age should be between 18 years (as on date of application) to 70 years (last birthday)
  
  
  
• Education Qualification: The minimum Education qualification must be 10th standard. 

Note: After completing their training they can work as LIC agents but if the applicants graduate and meet other prescribed criteria they can also work as Development officer roles in LIC. 

Who can not Apply for BIMA Sakhi Yojana? 

Below mentioned person can not apply for BIMA Sakhi Yojana: 

• Any relatives of existing LIC agent or Employee of LIC (relative would be spouse, children weather adopted or step, parents, brother, sister and immediate in-laws)
  
  
• Any Retired employee or Ex-agent.
  
  
• Any Existing agent is also not eligible for bima sakhi yojana under the MCA Scheme. 

Stipend in BIMA Sakhi Yojana

The Stipend would be :- 

• First year - ₹7,000/- per month 

• Second Year - ₹6,000/- per month 

• Third Year - ₹5,000/- per month 

Note: The commission excluding Bonus commission will be added with these stipends. 

Process to apply BIMA Sakhi Yojana online

The complete stepwise process to apply BIMA Sakhi Yojana online is as mentioned below: 

Step 1: Visit the LIC’s official portal - https://licindia.in/lic-s-bima-sakhi

Step 2: At this page you will find details related to this scheme, scroll down the page you will find a button - “Click here for Bima Sakhi”. Click on this button.

Step 3: After clicking this button, a registration form will open named - “Lead Application for LIC’s Bima Sakhi Scheme” 

Step 4: Fill out the complete form with accurate details and information such as name, genderm nationality, address, etc. Enter Captcha and submit. 

Step 5: Once this form has been filled the next page opens where you need to enter your state and city where you want to work. Then click for the branch list and choose the branches you will get in the form.

Step 6: At last click on “Submit Lead form”.

Conclusion 

Bima Sakhi Yojana empowers women through financial literacy, specialized training, and career opportunities in insurance. The scheme supports women's financial independence with a three-year stipend and a clear path to becoming LIC agents or development officers. The initiative demonstrates the government's commitment to women's empowerment alongside initiatives like Lakhpati Didi and Solar Didi. In addition to increasing insurance participation, this scheme fosters self-reliance, making it a valuable opportunity for women in the workforce.

Frequently Asked Questions 

1) What will be the Target in BIMA Sakhi Yojana? 

Each bima sakhi will have a target of ensuring at least two individuals in a month and 24 individuals in a year. If they do more than this prescribed target, will get additional commission with the stipend. 

2) What are the documents required to apply for BIMA Sakhi Yojana? 

Age proof, Address proof and certificate of educational qualification are some documents which are required during applying to BIMA Sakhi Yojana. 

3) What is Solar Didi Yojana? 

The Solar Didi Yojana is a government scheme or program that provides interest free loans to women to buy solar panels. 

4) What is the Lakhpati Didi Scheme? 

Lakhpati Didis are Self-Help Group members with household incomes of 1 lakh rupees (Rs. 10,00,000) or more. In order to be sustainable, the income is calculated over the course of at least four agricultural seasons and/or business cycles, with an average monthly income exceeding Rupees Ten Thousand (Rs. 10,000).