LIC Bima Sakhi Scheme 2025, How Much Can You Earn, & When Are Payments Made?

LIC Bima Sakhi Scheme 2025: empower women while offering a solid income opportunity, the LIC Bima Sakhi Scheme is probably on your radar. Launched by the Life Insurance Corporation of India (LIC) on December 9, 2024, this scheme is making waves, especially for women in rural areas looking to gain financial independence. It’s not just about selling insurance—it’s about creating a pathway for women to become financial advisors, earn a steady income, and make a difference in their communities.

What’s the LIC Bima Sakhi Scheme All About?

Imagine a program that trains women to become LIC insurance agents, pays them a monthly stipend, and helps them build a career in financial services—all while boosting insurance awareness in rural India. That’s the LIC Bima Sakhi Scheme in a nutshell. Launched by Prime Minister Narendra Modi in Panipat, Haryana, on December 9, 2024, this initiative is designed to empower women aged 18 to 70 by turning them into “Bima Sakhis”—LIC’s term for women career agents under the MCA (Marketing Career Agent) Scheme. The goal? Financial independence for women and better insurance access in underserved areas.

The scheme offers three years of specialized training on LIC’s insurance products, financial literacy, and the importance of insurance. During this time, participants receive a fixed monthly stipend plus commissions from policy sales. After training, Bima Sakhis can work as full-fledged LIC agents, and graduates have a shot at becoming Development Officers. With over 52,511 women registering in the first month.

Who’s Eligible for the LIC Bima Sakhi Scheme?

Before you get excited about earning a stipend and commissions, let’s make sure you or your loved one qualifies. The eligibility criteria are straightforward, with a focus on inclusivity, especially for rural women. Here’s what you need to join the LIC Bima Sakhi Scheme in 2025:

• Age: Women aged 18 to 70 years (as of the application date). This wide age range makes it accessible for young adults, working women, and even retirees looking for a new career path.
• Education: A minimum of a Class 10 pass certificate from a recognized board. This low barrier ensures women with basic education can apply.
• Residency Preference: Priority is given to women living in rural areas, though urban women can apply too. The focus is on boosting insurance access in villages and small towns.
• Ineligibility: You’re not eligible if you’re related to an existing LIC agent or employee (spouses, children, adopted/stepchildren, parents, siblings, or immediate in-laws). Retired LIC employees or former agents seeking reappointment are also ineligible.
• Performance Commitment: During the three-year training, you must meet performance norms, like securing 24 new life insurance policies annually and earning a minimum first-year commission of ₹48,000 (excluding bonuses).

Dates for the LIC Bima Sakhi Scheme 2025

Timing is crucial when applying for the Bima Sakhi Scheme. While applications are ongoing, there are key milestones to keep in mind. Based on the scheme’s launch and web updates, here’s the expected timeline for 2025:

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How Much Can You Earn, and When Are Payments Made?

Let’s talk money—because that’s a big draw of the Bima Sakhi Scheme. The scheme offers a fixed monthly stipend for three years, plus commissions from policy sales. Here’s the breakdown:

• Stipend Structure:
  • First Year: ₹7,000 per month (₹84,000 annually). Payments start once you’re selected and begin training, likely from January 2025 for early applicants.
  • Second Year: ₹6,000 per month (₹72,000 annually), starting in 2026 for the first batch.
  • Third Year: ₹5,000 per month (₹60,000 annually), starting in 2027 for the first batch.
• Commissions: On top of the stipend, you earn commissions from selling LIC policies. With good performance, you could earn ₹15,000–₹20,000 monthly by combining stipends and commissions, especially in years two and three as you gain experience.
• Performance Norms: To qualify for the stipend each year, you need to secure at least 24 new life insurance policies and earn a minimum first-year commission of ₹48,000 (excluding bonuses).
• Post-Training Earnings: After three years, as a full-fledged LIC agent, your income depends on commissions, which can be substantial if you build a strong client base.

Payment Dates: Stipend payments are monthly, starting after you’re selected and begin training (likely January 2025 for the first batch). Payments are made via direct bank transfer, so you’ll need to provide bank account details during application. Commissions are paid based on policy sales, typically monthly or as per LIC’s schedule.

The stipend is a safety net to help you focus on training and building your skills, while commissions offer a chance to boost your income. With over 27,000 women already receiving appointment letters within a month of the launch, the scheme is clearly delivering on its promise.

Step-by-Step Procedure to Apply for the LIC Bima Sakhi Scheme

Ready to jump in? The application process is simple and mostly online. Here’s how to apply for the LIC Bima Sakhi Scheme in 2025, step by step:

Step 1: Visit the LIC Website

Head to the official LIC website (licindia.in). Look for the “Click Here for Bima Sakhi” link, usually under the “Careers” or “Bima Sakhi Yojana” section. This takes you to the application portal.

Step 2: Register

Create an account by entering your name, mobile number, and email ID. You’ll receive an OTP to verify your details. Once verified, log in to access the application form.

Step 3: Fill the Application Form

Complete the form with your personal details:

• Full name
• Date of birth (to confirm you’re 18–70 years old)
• Address (highlight rural residency if applicable)
• Educational qualifications (Class 10 certificate details)
• Contact info (mobile, email)
• Bank account details for stipend payments
• Any connection to LIC agents/employees (to confirm ineligibility)

Step 4: Upload Documents

You’ll need to upload scanned copies of these documents (in JPG/PDF format, under specified size limits):

• Proof of age (Aadhaar card, PAN card, or birth certificate)
• Address proof (Aadhaar card, voter ID, or utility bill)
• Educational certificate (Class 10 pass certificate)
• Recent passport-sized photograph
• Bank account details (passbook or cancelled cheque)
• Self-attested copies of all documents

Ensure scans are clear and legible. Blurry or incomplete uploads can lead to rejection.

Step 5: Submit and Confirm

Review your application, enter the CAPTCHA code, and hit submit. Save the acknowledgement number or confirmation email for reference. LIC will contact you if selected, typically with details about training and onboarding.

Step 6: Training and Onboarding

If selected, you’ll undergo three years of training on LIC’s insurance products, financial literacy, and sales techniques. Training may be conducted in batches, starting as early as January–March 2025. You’ll receive your ₹7,000 monthly stipend once training begins.

Step 7: Start as a Bima Sakhi

After training, you’ll work as an LIC agent, selling policies and earning commissions. Graduate Bima Sakhis with strong performance may qualify for Development Officer roles.

What If You Don’t Get Selected?

Not getting selected can be disappointing, but don’t lose hope. Here’s what to do:

• Check Application Errors: Ensure your documents and details are correct. Reapply if allowed, fixing any issues.
• Reapply in Future Batches: Applications are ongoing in 2025, so you can try again for later batches.
• Explore Other LIC Roles: LIC offers other agent opportunities that might not have the same eligibility restrictions.
• Contact LIC Support: Reach out to LIC’s helpline (co_cc@licindia.com or regional office contacts) for feedback on your application.

Expected Performance and Benefits

To keep the stipend flowing, you need to meet performance norms each year:

• Policy Sales: Secure at least 24 new life insurance policies annually.
• Commission Earnings: Earn a minimum first-year commission of ₹48,000 (excluding bonuses).

The benefits go beyond the stipend:

• Flexible Hours: Manage your own schedule, perfect for balancing family or other responsibilities.
• Career Growth: After three years, you can continue as an LIC agent or aim for a Development Officer role if you’re a graduate with strong performance.
• Community Impact: As a Bima Sakhi, you’ll educate your community about insurance, helping families secure their financial future.
• Financial Independence: With stipends (₹5,000–₹7,000/month) and commissions, you could earn ₹15,000–₹20,000 monthly by year three.

FAQ’s About LIC Bima Sakhi Scheme 2025