The LIC Bima Sakhi Yojana is a three-year stipendiary scheme launched by PM Modi to empower women financially. The program aims to promote financial literacy and encourages women aged 18-70 to become volunteer insurance agents. Eligibility criteria include a minimum Class 10 qualification, with exclusions for LIC employees, agents, and their relatives. Participants will receive a monthly stipend, which decreases over three years, and earn a commission on policies sold in the first year. To apply, candidates must submit self-attested documents, including proof of age, address, and educational qualification.
The scheme aims to promote financial inclusion and provide women with valuable training and career growth opportunities in the insurance sector. With a focus on empowering women, the Bima Sakhi Yojana is a significant step towards financial independence and a brighter future. The program is expected to support women in achieving financial stability and security. The scheme is a result of PM Modi’s vision to empower women and foster financial inclusion, making it an important initiative in the field of financial services.