Prime Minister Narendra Modi is set to launch the LIC Bima Sakhi Yojana today from Panipat, Haryana, aimed at empowering educated women and making them financially independent. This initiative, under the aegis of Life Insurance Corporation of India (LIC), is designed to train women between the ages of 18 and 70 to become insurance agents, known as Bima Sakhis, in their communities.

What is the Bima Sakhi Yojana?

The Bima Sakhi Yojana is a unique initiative by LIC to create opportunities for women, particularly those with at least a 10th grade education. The scheme will provide specialized training for women, helping them understand the importance of insurance, financial literacy, and how to assist others in securing insurance policies. The training will span over three years, during which participants will also receive a monthly stipend.

Eligibility and Training Process

To participate in the scheme, women must meet the following criteria: Age: Between 18 and 70 years Education: At least 10th grade pass Over the first three years, the Bima Sakhis will be trained to sell insurance policies and educate other women in their local communities about financial protection. Additionally, they will receive a stipend during the training period: Year 1: ₹7,000 per month Year 2: ₹6,000 per month Year 3: ₹5,000 per month This program provides women not just with a job but with a sense of empowerment, as they will help others in their community gain financial security.

Key Features of the Scheme

Training Period: Women will receive specialized training for 3 years, during which they will also earn a stipend.

Stipend: Participants will receive a monthly stipend, which will be ₹7,000 in the first year, ₹6,000 in the second year, and ₹5,000 in the third year.

Post-Training Opportunities: After completing the training, 10th grade pass women can work as LIC agents, and those with a Bachelor's degree can take up the role of a Development Officer.

Performance Criteria: Women will need to sell a minimum number of policies every year, and 65% of these policies must remain active in the following years.

Application Process

Women interested in applying for the Bima Sakhi Yojana can visit the official LIC website and fill out the online application form. To apply, candidates need to provide:

Proof of age

Address proof

10th grade certificate

Self-attested copies of these documents

Applications are accepted from women across India who meet the eligibility criteria. However, current LIC agents or employees, or their close family members, are not eligible for this scheme.

Financial Support and Empowerment

The Bima Sakhi Yojana aims to provide a stable source of income and opportunities for women, especially in rural areas where job options are limited. With an initial funding of ₹100 crore, this scheme is expected to bring financial stability to over one lakh women across India. The scheme is designed to help women become self-reliant while also promoting financial literacy in the community.

Key Objectives:

Empower women through financial independence. Provide job opportunities, especially in rural areas. Train women to become LIC agents, providing them with a steady income stream. Promote financial literacy and insurance awareness among women.

The Bima Sakhi Yojana marks a significant step towards women empowerment, offering them the tools and resources to make their own financial decisions and secure a better future for themselves and their families. With Prime Minister Narendra Modi's launch of the program, this initiative is expected to create a large-scale impact in empowering women across the country, making them active participants in the economic growth of India. For more details, you can visit the official LIC website or apply directly through their portal. #BimaSakhi #WomenEmpowerment #LIC #PMModi #FinancialLiteracy #InsuranceAgents #SelfReliantWomen #BimaSakhiYojana #WomenInInsurance