On Monday, Prime Minister Narendra Modi launched the Bima Sakhi Yojana in Panipat, Haryana. This program has been launched by the Life Insurance Corporation (LIC), which seeks to assist and uplift women. LIC claims to have specifically designed the scheme for women aged between 18 and 70 who have passed Class 10 examination.
Bima Sakhi Yojana scheme’s full Details
The Bima Sakhi Yojana has a empowering effect on women by offering them targeted training and an allowance for three years as a means to enhance financial literacy and disseminate knowledge related to insurance and risk transfer. At the end of the training, this group of women can perform as LIC agents, which can lead to development officer positions in LIC. Moreover, PM Modi will also present appointment certificates to the shortlisted candidates, a crucial step towards this scheme.
In order to enroll for Bima Sakhi Yojana, applicants have to submit specific documents. These include proof of age, certificates showing educational qualifications, and address proof. Make sure all your documents are accurate and ready before starting the application process to avoid any delays.
Who Can Benefit from Bima Sakhi Yojana? Check Eligibility Details Here!
The Bima Sakhi Yojana is aimed at uplifting women between the age of 18 and 70 years. Applying candidates should end up with a minimum matriculation of Class 10. Nevertheless, the scheme does not include family of the current agents and workers which implements fairness in the selection. Also, retired personnel are forbidden from taking part in this work. This program aims to provide opportunities to qualified women while maintaining transparency and inclusivity.
How Much Can You Earn with Bima Sakhi Yojana? Stipend and Commission Breakdown
Women enrolled under Bima Sakhi Yojana would be entitled to a commission of ₹48,000 (one time payment and exclusive of cash bonuses) in the first year. And in addition to this, they will get a monthly stipend of ₹7,000 in the initial year. From the second year onwards, stipend shall decrease to ₹6,000 if a minimum 65% of the policies achieved in the first year are still active at the end of the month during the second year. During the third year the stipend will be further reduced to ₹5,000 upon same conditions. This scheme is developed to provide women not only with financial security but also to achieve policy retention objectives.
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