LIC Bima Sakhi Yojana – Objective, Eligibility, Details and How to Apply

The LIC Bima Sakhi Yojana is scheme which empowers rural women by training them to become insurance agents (Bima Sakhis) with fixed stipends and commissions. This also improves insurance accessibility in rural areas. 

Learn more about the LIC Bima Sakhi Yojana, apply online, eligibility and more.

LIC Bima Sakhi Yojana

On 9 December 2024, Prime Minister Narendra Modi launched the LIC Bima Sakhi Yojana, a government-backed transformative scheme by the Life Insurance Corporation (LIC). The Bima Sakhi Yojana by the LIC is a stipendiary scheme exclusively for women. It empowers rural women financially by creating new livelihood opportunities and contributing to the broader goal of financial inclusion by making insurance accessible in rural areas across India.

Under this scheme, training is provided to eligible women for 3 years on LIC’s insurance products, financial literacy tools and policies and the need for insurance. They will receive a stipend during the training period, i.e. for 3 years, and they can work as LIC insurance agents after 3 years.

Once they become LIC insurance agents, they can educate their communities on insurance and insurance benefits and help families secure insurance policies that suit their needs. They will act as financial advisors, guiding families toward better financial management. LIC plans to enroll 1,00,000 women as Bima Sakhis under this scheme.