PM Modi launches Bima Sakhi Yojana– Prime Minister Narendra Modi launched the Bima Sakhi Yojana in Panipat, Haryana on 9 December 2024. This scheme of Life Insurance Corporation of India (LIC) aims to empower women and make insurance accessible to every section. This initiative will create employment opportunities for 2 lakh women and is a big step towards fulfilling the dream of insurance for all by 2047.
The program was inaugurated in the presence of Union Finance Minister Nirmala Sitharaman. Its special focus is on increasing insurance awareness and financial literacy in rural India.
Bima Sakhi Yojana: What is special?
Golden opportunity for women
The aim of Bima Sakhi Yojana is to train women as LIC insurance agents, so that they not only earn income but also bring financial empowerment to their families and communities.
Key Features
Training and Stipend:
- Special training will be given for three years.
- During this time, women will get a stipend every month.
- Commission will also be given on selling insurance policies.
Emphasis on rural areas:
- The focus of the scheme is to connect rural women, so that awareness about insurance can be spread.
Employment and self-reliance:
- After completion of training, women can become full-time LIC agents, giving them a source of income in the long run.
Eligibility and Benefits
Who can apply?
- Age: Women between 18 and 70 years.
- Education: At least 10th pass.
Who cannot apply?
- Existing LIC agents or their family members.
- Retired LIC employees.
What are the benefits?
Stipend:
- First year: ₹7,000 per month.
- Second year: ₹6,000 per month (with conditions).
- Third year: ₹5,000 per month (with conditions).
Commission:
- You will get a commission of at least ₹48,000 for selling 24 policies in the first year.
Career Growth:
- After completing three years of training, women can become LIC agents, which will give them a stable source of income.
Changes brought by Bima Sakhi Yojana
Income opportunities:
- This scheme will provide employment to 2 lakh women, making them financially strong.
Changes in rural areas:
- Insurance coverage and financial literacy will improve by involving rural women.
Women Empowerment:
- The scheme shows women the path of skill and self-reliance. It will help in changing the lives of not only them but also their families.
About Life Insurance Corporation of India (LIC)
Special things about LIC:
- Founded: 1 September 1956.
- Headquarters: Mumbai, Maharashtra.
- CEO and MD: Siddharth Mohanty.
Slogan: “Yogakshema Vahamyaham” (Your welfare is our responsibility).
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FAQs on PM Modi launches Bima Sakhi Yojana
LIC is the largest insurance company in India. With its decades of experience and trust, it is working to provide insurance services across the country. With the Bima Sakhi Yojana, it is taking a big step towards women empowerment and inclusive growth.
Bima Sakhi Yojana is an initiative of LIC, which gives women an opportunity to become insurance agents. In this, they get training, stipend, commission and good career opportunities.
Women between 18 and 70 years, who have studied at least up to 10th, can apply. LIC employees or their relatives are not allowed to apply.
A stipend will be given every month during training.
A commission of ₹48,000 (excluding bonus) will be given for selling 24 policies in the first year.
The scheme gives women an opportunity to earn income, trains them and helps them become financially self-reliant. This is a big help especially for rural women.
LIC is the largest insurance company in India. It provides financial security, offers various policies and gives agents the opportunity to grow with schemes like Bima Sakhi
The government’s aim is to have insurance for every Indian by 2047. This will provide financial security and access to insurance products to all.
This scheme connects especially rural women, makes them aware about insurance and reaches out to areas where insurance services are currently less accessible.
