The LIC Bima Sakhi Scheme, recently launched by Prime Minister Modi, is making waves among women across India. Within just a month of its launch, this empowering initiative has seen an impressive registration of over 50,000 women. Designed to promote women’s empowerment and financial independence, the scheme offers women who have completed their 10th grade a chance to earn up to ₹7,000 monthly through salaries and commissions. This initiative reflects the government’s commitment to nurturing a developed India through the empowerment of women.
Massive Response to the LIC Bima Sakhi Scheme
Over 50,000 Registrations in Just One Month
According to a statement released by LIC, the scheme has garnered a total of 52,511 registrations within its first month. Out of these, 27,695 women have been issued appointment letters to sell policies, while 14,583 women have already commenced selling these policies. Siddharth Mohanty, the Managing Director and CEO of LIC, emphasized the goal of recruiting at least one Bima Sakhi in every gram panchayat across the country within a year.
This scheme not only helps women to earn but also equips them with necessary skills and digital tools, thereby strengthening the Bima Sakhi workforce. Women engaged under this initiative will receive a monthly stipend in addition to the commission earned from policy sales.
Monthly Earnings Structure
Guaranteed Monthly Pay for Bima Sakhis
Under the LIC Bima Sakhi Scheme, each Bima Sakhi will receive a monthly stipend as follows:
| Year | Monthly Stipend (₹) |
|---|---|
| 1st Year | 7,000 |
| 2nd Year | 6,000 |
| 3rd Year | 5,000 |
This stipend acts as a basic support allowance while allowing female agents to earn additional commissions based on the insurance policies they sell. LIC aims to recruit two lakh Bima Sakhis in the next three years. Women aged between 18 to 70 years who have completed their 10th-grade education are eligible to apply for this empowering scheme.
The Impact of the LIC Bima Sakhi Scheme
The Bima Sakhi initiative is not just about financial benefits; it represents a systemic shift towards female empowerment and financial literacy. Women engaged in this program gain self-reliance, acquire valuable skills, and contribute to their families and communities. By integrating women into the workforce, the government aims to create an inclusive environment that fosters economic growth and social change.
As the Bima Sakhi Scheme continues to evolve, it sets a remarkable precedent for future initiatives aimed at empowering women across India. This program not only reinforces the notion that women can be key players in the insurance sector but also paves the way for a more financially inclusive future.