The LIC Bima Sakhi Yojana is a government initiative by the Life Insurance Corporation of India (LIC) aimed at empowering women, especially those in rural areas, by training them to become insurance agents.

Here's a breakdown of the job description and role:

Job Description:

The LIC Bima Sakhi Yojana is a unique scheme that offers women the opportunity to build a career in the insurance sector. It focuses on providing specialized training and financial support to women, enabling them to become LIC insurance agents and promote financial literacy and inclusion, particularly in underserved regions.

Key Features:

 * Women Empowerment: The scheme specifically targets women aged 18-70, with a minimum 10th-grade education. Preference is often given to women residing in rural areas.

 * Stipendiary Scheme: Unlike traditional LIC agents, Bima Sakhis receive a fixed monthly stipend for the first three years in addition to commissions earned from policy sales.

  * 1st Year: ₹7,000 per month

  * 2nd Year: ₹6,000 per month (subject to 65% of policies from the 1st year remaining active)

  * 3rd Year: ₹5,000 per month (subject to 65% of policies from the 2nd year remaining active)

 * Comprehensive Training: LIC provides structured training programs for three years, covering insurance products, financial literacy tools, and policy details.

 * Flexible Working Hours: Bima Sakhis have the flexibility to set their own working hours, making it suitable for homemakers and others seeking to manage work-life balance.

 * Career Progression: After completing the three-year training, Bima Sakhis continue as LIC agents. Graduates of the program may also be eligible for development officer roles within LIC.

 * Financial Independence: The scheme aims to help women achieve financial independence and contribute to their communities.

Job Role (Responsibilities of a Bima Sakhi Agent):

Once trained and appointed as an LIC Bima Sakhi agent, the primary responsibilities include:

 * Educating Communities: Spreading awareness about the importance of insurance and its various benefits among individuals and families, especially in rural areas.

 * Financial Advising: Guiding families toward better financial management and helping them understand their insurance needs.

 * Selling Insurance Policies: Assisting families in securing suitable LIC insurance policies that align with their requirements.

 * Promoting Financial Inclusion: Contributing to the expansion of insurance penetration in previously underserved regions.

 * Building Client Relationships: Developing trust and maintaining long-term relationships with clients.

 * Meeting Performance Norms: Achieving targets related to the number of lives insured and first-year commissions to remain eligible for the stipend in subsequent years.

Eligibility to Become a Bima Sakhi Agent:

 * Gender: Exclusively for women.

 * Age: Between 18 and 70 years (as of the date of application).

 * Education: Minimum 10th-grade pass. Graduates may have opportunities for Development Officer roles later.

 * Residency: Preference is given to women residing in rural areas.

 * Exclusions: Relatives of existing LIC agents or employees (including spouse, children, parents, siblings, and immediate in-laws), retired LIC employees, and ex-agents seeking reappointment are generally not eligible. Existing LIC agents cannot apply under this scheme.