Prime Minister Narendra Modi on Monday launched the Bima Sakhi Yojana in Haryana's Panipat. It is an initiative of the Life Insurance Corporation. The scheme will help empower women aged 18-70 years, who are Class X pass, according to the insurance behemoth.
Details of the scheme
Under the scheme, women will will receive specialized training and a stipend for the first three years to promote financial literacy and insurance awareness. Following the completion of the training, women can serve as LIC agents and the graduate Bima Sakhis would have the opportunity to qualify for being considered for development officer roles in LIC. PM Modi will also distribute appointment certificates to prospective Bima Sakhis.
To apply for the scheme, candidates will have to submit age proof, educational qualification certificates and address proof.
Who will be eligible for the scheme
Women with a minimum age of 18 years and a maximum age of 70 will be eligible for the scheme. The potential candidates will also need to have minimum qualification of class 10. Relatives of existing agents and employees are not eligible for the scheme. Retired employees are also ineligible.
What about stipend and commission?
Women will receive a commission of Rs 48,000 (excluding bonus) for the first year. The candidates will also get a monthly stipend of Rs 7,000, which will become Rs 6,000 from the second year, subject to certain conditions under which at least 65 percent of the policies completed in the first stipendiary year are still in force as at the end of the corresponding month of the second stipendiary year. It will come down to Rs 5,000, with subject to similar conditions as in the second year.
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