LIC Bima Sakhi Yojana is a women focused initiative introduced by Life Insurance Corporation of India to expand financial inclusion and create income opportunities. The scheme aims to train women as insurance sales representatives called Bima Sakhis. You earn commissions by selling LIC policies in your community. At the same time, you help families secure life insurance protection.
This scheme targets women who want flexible income, part time work, or a stable career in insurance distribution. It focuses on rural, semi urban, and small town areas where insurance penetration is still low. LIC provides structured training, certification, and support. You do not need prior insurance experience. You learn step by step and start earning through policy sales and renewals.
The scheme supports the government’s broader goal of increasing women’s participation in the workforce. It also strengthens social security by encouraging life insurance coverage among underserved groups. If you want a work from home friendly opportunity with low entry barriers, LIC Bima Sakhi Yojana is designed for you.
This article explains how the scheme works, who can apply, benefits, eligibility criteria, documents required, application process, and frequently asked questions. The information is practical and actionable so you can decide quickly.
What is LIC Bima Sakhi Yojana
LIC Bima Sakhi Yojana is a three year stipendiary program for women who want to work as insurance advisors. You receive training in insurance products, customer communication, and financial literacy. During the training period, LIC pays a fixed monthly stipend. You also earn commissions on policies you sell.
The scheme focuses on three goals. First, create employment for women. Second, increase insurance awareness. Third, improve financial planning in households. LIC plans to enroll a large number of women and train them to become trusted financial advisors in their local areas.
The program runs for three years. During this period, you receive structured training and performance based support. You also get a monthly stipend of Rs 7000 in the first year, Rs 6000 in the second year, and Rs 5000 in the third year subject to meeting performance conditions.
This scheme is not a salaried job. You work as an LIC agent. The stipend supports you during the initial period. You earn additional income based on performance. After three years, stipend stops but commission income continues
Key Objectives of LIC Bima Sakhi Yojana
The scheme focuses on three main objectives.
Increase insurance awareness in underserved areas
Create income opportunities for women
Strengthen community based financial protection
You benefit by earning commissions. Your clients benefit by securing their family’s future. LIC benefits by expanding its reach.
How LIC Bima Sakhi Yojana works
- You apply for the scheme online or through LIC branch
- LIC verifies your eligibility
- You undergo training and licensing exam
- You start working as LIC agent
- You receive stipend and commission
- You continue selling policies and earning
- After three years stipend stops but commission continues
Example
Suppose you join as Bima Sakhi. You help five families purchase life insurance policies. You earn commission on each policy. At the same time, you receive monthly stipend from LIC. Over time, your clients renew policies. You earn renewal commission every year. Your income grows as your client base increases.
Benefits of LIC Bima Sakhi Yojana
Regular monthly stipend
You receive financial support during the first three years. This reduces income uncertainty while you build your client network. The stipend structure is
- First year Rs 7000 per month
- Second year Rs 6000 per month
- Third year Rs 5000 per month
These payments depend on meeting performance criteria such as maintaining active policies.
Commission based income
You earn commission on every policy you sell. This includes first year commission and renewal commission. Your income increases with performance.
Flexible working hours
You work according to your schedule. You can meet customers at convenient times. This suits homemakers and part time workers.
Training and skill development
LIC provides training on insurance products, financial planning, communication, and customer service. You gain valuable sales and advisory skills.
No investment required
You do not need large capital. Only small registration and exam fees apply.
Long term income potential
After three years, you continue as LIC agent. Renewal commission provides recurring income.
Community recognition
You become a trusted financial advisor in your area. This improves your social standing.
Career growth
Top performers may get opportunities for development officer roles.
Work near home
You can operate within your local area. This reduces travel cost and time.
Financial independence
The scheme helps women earn independently and support their families.
Eligibility:
- Age Limit: Minimum age should be 18 years and the Maximum age should be below 70 years.
- Educational Qualification: Female candidates must have successfully passed the 10th standard.
- The program prioritizes women from rural areas.
- Relatives of the current agent, employees, or retired employees of LIC are not eligible for this program. Ineligible family members include the spouse, son, parents, brother, and sister.
- The exclusion of existing LIC agents from MCA reflects a strategy to attract new talent and perspectives.
Documents Required:
- Self-attested proof of age copy such as a Birth Certificate, Aadhaar card, Passport, or PAN Card is required.
- Also, you need to submit a self-attested copy of the address proof like a Voter card, Aadhar card, Passport, Ration Card, Driving License, etc, which are required for verification.
- Self-attested copy of educational qualification certificate to confirm its authenticity.
- Passport Size photograph
Stipend Details:
Participants of the Bima Sakhi Yojana will receive specialized training to perform their duties.
1st year: Rs.7000 per month
2nd year: Rs.6000 per month
3rd year: Rs.5000 per month
After completing the training program successfully, candidates will officially become LIC agents, helping to close the gap in insurance coverage.
Graduates of Bima Sakhi will have the opportunity to become a development officer role.
Stipend conditions
You receive stipend only if you meet performance criteria. LIC sets minimum policy targets. If you remain inactive, stipend may stop. To receive second year stipend, at least 65 percent policies must remain active. Similar condition applies for third year.
How to apply for LIC Bima Sakhi Yojana for Women
Interested candidates can apply online by clicking on this link Lic Bima Sakhi
Follow these steps to apply
1. Visit LIC official website: Search Bima Sakhi Yojana
2. Fill application form: Enter name, age, education, address, contact details
3. Submit application: Review and submit the form
4. Verification: LIC reviews your application
5. Training invitation: You receive training schedule
6. IRDAI exam: You must pass licensing exam
7. Start working: After approval, you become Bima Sakhi
Fee:
LIC fee: Rs. 150
IRDAI Exam fee: Rs. 500
Read the official notification to learn about the recruitment process Lic Bima Sakhi Notification
LIC Bima Sakhi Yojana offers a practical income opportunity for women who want flexible work. You receive training, stipend, and long term commission potential. The scheme suits women who can communicate with people and build local networks. Income grows with effort and client base. If you want part time work with low investment and long term earnings, this scheme is worth considering.
FAQs
- Who can apply for LIC Bima Sakhi Yojana?Women aged 18 to 70 years with minimum 10th pass qualification can apply.
- Is it a government job?No. It is an agent based role with stipend support.
- Does LIC provides training?Yes. LIC provides training before you start working.
- Is there any fee?Yes. Small registration and exam fee may apply.
- Is laptop required?Not mandatory. Smartphone is sufficient.
- Is there target?Yes. You must meet minimum performance criteria.
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