LIC Bima Sakhi Yojana: Get ₹7,000 Monthly Without Paying Premium – Check Eligibility, Documents & How to Apply
LIC Bima Sakhi Yojana is a unique initiative launched by the Modi government in collaboration with Life Insurance Corporation of India (LIC) to empower women and promote financial inclusion. The scheme provides a monthly stipend of ₹7,000 to selected women without requiring any premium payments.
Launched in December 2024, the Bima Sakhi Yojana is designed to help women—especially those in rural and semi-urban areas—build a career as LIC agents. Along with financial support, the scheme includes comprehensive training to enhance insurance awareness and financial literacy.
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Who Can Apply for LIC Bima Sakhi Yojana?
Women aged between 18 and 70 years, who have passed at least the 10th standard, are eligible to apply. Preference is given to women residing in rural or semi-urban areas. However, the following individuals are not eligible:
- Retired LIC employees or ex-agents
- Current LIC agents
- Women related to existing LIC employees or agents (spouse, children, parents, siblings, or in-laws)
Stipend and Benefits Breakdown
Successful applicants will be appointed as “Bima Sakhis” and receive financial support for three years, subject to certain performance criteria:
| Year | Monthly Stipend | Condition |
|---|---|---|
| 1st Year | ₹7,000 | No condition |
| 2nd Year | ₹6,000 | 65% policies from Year 1 must remain active |
| 3rd Year | ₹5,000 | 65% policies from Year 2 must remain active |
In addition to the stipend, LIC offers commission up to ₹48,000 in the first year, excluding bonus commissions. This initiative ensures that women not only earn but also grow professionally through structured training and flexible working hours.
👉 Also read: How To Transfer PF Amount To Bank Account Easily Online
How to Apply for LIC Bima Sakhi Yojana Online
Eligible women can apply directly through the official LIC website:
Step-by-Step Application Process:
- Visit the LIC website.
- Click on “Click Here For Bima Sakhi”.
- Fill out personal, academic, and location details.
- Upload necessary documents (see list below).
- Submit the form online.
- Attend orientation or interview session.
- Begin training upon selection.
Required Documents
Applicants must upload the following self-attested documents:
- Age proof (Aadhaar card, birth certificate, etc.)
- Address proof
- 10th standard pass certificate
- Recent passport-size photograph
Ensure that all information is accurate and complete, as incomplete applications may be rejected.
Vision Behind the Scheme
The Bima Sakhi Yojana aligns with the government’s larger goal of “Insurance for All by 2047” and aims to build a self-reliant India (Atmanirbhar Bharat). Women appointed as Bima Sakhis will work at the Gram Panchayat level, especially through Self Help Groups (SHGs), to promote life insurance and financial security in underserved communities.
Through this initiative, Bharat Details highlights how the LIC Bima Sakhi Yojana not only provides women with financial independence but also strengthens grassroots-level awareness of insurance benefits.
Additional Details at a Glance
| Scheme Name | LIC Bima Sakhi Yojana |
|---|---|
| Launched By | Life Insurance Corporation (LIC) |
| Launched On | 9 December 2024 |
| Application Fee | ₹650 (includes ₹150 LIC fee + ₹500 IRDAI exam fee) |
| Eligibility | Women aged 18–70, 10th pass minimum |
| Mode of Application | Online only |
| Working Hours | Flexible |
| Training Support | Yes, including marketing and promotion material |
Frequently Asked Questions
What is the stipend amount in the first year?
₹7,000 per month.
Do I get a stipend in the second and third year?
Yes, ₹6,000 in the second year and ₹5,000 in the third year, subject to 65% policy retention.
Is there an offline application process?
No, applications are accepted online only through the LIC website.
Can relatives of LIC agents apply?
No. Immediate family members of LIC employees or agents are not eligible.
For more government schemes and updates, visit BharatDetails.com
