The Bima Sakhi Scheme is a significant initiative launched by the Hon’ble Prime Minister Sh. Narendra Modi on 9th December 2024. The scheme aims to empower women by providing them with opportunities to become Insurance Advisors. By offering them an income-generating platform, it also encourages financial independence and promotes women’s participation in the insurance sector.
This article provides an in-depth overview of the scheme, its benefits, eligibility, stipend, and more.
Table of Contents
- Overview of the Bima Sakhi Scheme
- Key Features of the Scheme
- Eligibility Criteria
- Role and Responsibilities of a Bima Sakhi
- Benefits and Remuneration
- How to Apply for the Bima Sakhi Scheme
- Contact Details for Further Information
1. Overview of the Bima Sakhi Scheme
The Bima Sakhi Scheme is a women-centric initiative that promotes financial independence by offering women a chance to become Insurance Advisors under the guidance of the Life Insurance Corporation (LIC).
The main goal of this scheme is to create a strong network of female insurance agents who will serve as a bridge between insurance companies and the rural population, particularly women. By offering a stipend and commissions, this scheme seeks to provide financial security to women while enabling them to contribute significantly to the insurance sector.
Launch Date
- 9th December 2024
Purpose
- To empower women by providing them with a career in the insurance sector.
- To promote financial literacy and security, particularly among women.
2. Key Features of the Scheme
Below are the key features that define the Bima Sakhi Scheme:
| Feature | Details |
| Position | Insurance Advisor |
| Stipend | ₹7000 per month |
| Commission | Additional commission based on performance and sales |
| Educational Eligibility | 10th grade and above |
| Age Eligibility | 18 years and above |
| Gender Requirement | Only females can apply |
| Experience Requirement | Can be promoted to Development Officer after 4 years of experience |
| Remuneration | Stipend, commission, bonus, and other incentives |
| Additional Benefits | Gratuity, term insurance, health insurance, vehicle advance, home loan, etc. |
| Role | To promote LIC products and provide insurance advice to clients |
The scheme creates opportunities for women to work flexibly, build a strong career, and secure a steady income by selling insurance policies.
3. Eligibility Criteria
Educational Qualification
- Minimum Requirement: Must have completed the 10th grade (secondary school) and above.
Age Limit
- Applicants must be at least 18 years old or older to apply for the scheme.
Gender Requirement
- The scheme is specifically designed for female candidates, helping promote women’s financial independence and empowerment.
4. Role and Responsibilities of a Bima Sakhi
The Insurance Advisor under the Bima Sakhi scheme will have various responsibilities, including:
- Promoting LIC Products: The primary role of the Bima Sakhi is to educate people, particularly women, about LIC products and insurance schemes.
- Customer Engagement: Building relationships with customers, offering solutions for their financial security, and addressing their needs regarding life insurance.
- Generating Leads: Identifying potential clients in the community and helping them understand the benefits of taking insurance.
- Sales & Marketing: Actively selling insurance products and earning commissions based on the sales made.
As Bima Sakhis gain experience and perform well, they may be considered for promotion to a Development Officer position after four years.
5. Benefits and Remuneration
The Bima Sakhi Scheme provides various financial and career benefits:
Stipend
- A stipend of ₹7000 per month is provided to each Bima Sakhi, ensuring they have a steady income.
Commission
- In addition to the stipend, Bima Sakhis will earn commission based on their performance in selling insurance policies. The better their performance, the higher their earnings.
Bonus and Incentives
- Bonus and incentives are provided to encourage high performance, helping Bima Sakhis earn more.
Additional Benefits
| Benefit | Details |
| Gratuity | Provided after completion of a certain period of service |
| Term Insurance | Coverage offered for the advisor’s family |
| Health Insurance | Provides medical coverage for the advisor |
| Car/Bike Advance | Loan or advance for purchasing a vehicle |
| Home Loan | Financial assistance for purchasing a house |
| Festival Advance | Financial support for festivals |
| Office Allowance | Allowance for office-related expenses |
| Mobile/Laptop | Devices provided for work purposes |
| Tours | Travel opportunities related to work |
These benefits help ensure the financial well-being and job satisfaction of the Bima Sakhi.
6. How to Apply for the Bima Sakhi Scheme
Application Process
To apply for the Bima Sakhi Scheme, interested candidates need to follow these steps:
- Contact Information:
- Phone Number: Reach out to Pooja Daffara, LIC Development Officer, at 7051474349 for inquiries.
- Email:
- Send your updated CV to daffarapooja2019@rediffmail.com for consideration.
- Visit Office:
- You can visit the LIC Branch Office Unit-I, 2nd Floor, Karan Bhawan, Shallamar, Jammu, J&K, to inquire further and apply in person.
By visiting the office, you can also meet the team, get a better understanding of the job, and complete the formalities for applying.
7. Contact Details for Further Information
For more information or clarification about the Bima Sakhi Scheme, you can contact:
- Pooja Daffara, LIC Development Officer
- Mobile Number: 7051474349
- Email: daffarapooja2019@rediffmail.com
- Office Address: LIC Branch Office Unit-I, 2nd Floor, Karan Bhawan, Shallamar, Jammu, J&K