Get Rs 7000 monthly without paying anything, Modi government launches new LIC scheme for…; check eligibility criteria

LIC Bima Sakhi Yojana: In a matter of good news for half of the Indian population, the Life Insurance Corporation of India, under the leadership of the Modi government has launched a new scheme named the Bima Sakhi Yojana under which subscribers will receive Rs 7000 monthly without paying any premium. Dedicated to women empowerment, the LIC scheme gives women an opportunity to become LIC agents and earn the monthly stipend along with proper training.

LIC Bima Sakhi Yojana: What’s the eligibility criteria?

Under the LIC Bima Sakhi Yojna, selected members between the age of 18 to 70 will work as LIC agents and get a fixed sum of Rs 7000 monthly for the first year. Thereon, the agents will get Rs 6000 on a monthly basis from second year onwards provided that at least 65 percent of the policies opened during the first year should remain active.

LIC Bima Sakhi Yojana: Who are not eligible?

Notably, the women who are retired corporation employees, former agents, relatives, husband or wife, children, parents, siblings and in-laws of LIC employees will not be eligible for the scheme.

What is the Bima Sakhi Yojana?

The Bima Sakhi Yojana, also known as the Bima Sakhi Scheme, is an initiative by the Life Insurance Corporation of India (LIC) aimed at empowering women and promoting financial literacy and insurance awareness. The scheme is open to women aged between 18 and 70 who have passed at least the 10th standard.

How will Bima Sakhi Yojana help Indian women?

Under this programme, selected women receive specialised training and a monthly stipend for the first three years, helping them build a career as LIC agents. As per a report by IANS, the scheme is designed to equip women with the knowledge and skills needed to promote life insurance products effectively in their communities.

Notably, one of the key goals of the Bima Sakhi Scheme is to improve financial literacy among women, enabling them to spread awareness about insurance within their local areas.

(With inputs from agencies)

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