In today’s era, women are also looking for employment like men. Now many initiatives are available for them. The government also runs many schemes for this. Now there is such an opportunity for women living in villages through which they can become self-reliant.

Under a new initiative, they are not only getting recognition but also a reliable source of income. A government scheme is training women and connecting them to the insurance sector. This is giving them skills as well as a permanent source of income.

The special thing is that it is not necessary to be highly educated for this. Just the basic things are enough. The women selected in this scheme get the responsibility of giving information about insurance schemes to the people in rural areas, getting the forms filled and helping in the claim process.

In return, they can get a good amount every month as commission and other incentives. Women are given training for this work. They are told what insurance is, how it works and how to convey this information to people.

The women involved in this scheme are called Bima Sakhi. Once the training is completed, Bima Sakhi can start working in her village or nearby area. The more people she connects to the insurance scheme, the more her commission will increase.

Some women are earning 6000 to 7000 rupees every month. Through this scheme, on one hand, women are providing essential things like insurance to every village. On the other hand, women of the village are also getting financially empowered.

If you also live in a village or know any woman who can increase her income by doing this work, then ask her to go to the nearest LIC branch and join this scheme. This scheme can prove to be very beneficial for her.

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The country’s largest insurance company, Life Insurance Corporation of India (LIC) offers a plan that can be helpful in meeting these financial needs.

Under this scheme, if you invest around Rs 150 every month, you can create a fund of up to Rs 19 lakh at a time, which can be used for your children’s education or marriage. This scheme of LIC is known as New Children’s Money Back Plan. It is a non-linked, participatory scheme. In this, you can start investing when the child is between 0 and 12 years of age.

How will a fund of Rs 19 lakh be created?

If you start this scheme at the time of your child’s birth and invest around Rs 150 every day, you will have to deposit around Rs 4500 every month. This amount will come to around Rs 55,000 in a year. By investing regularly for 25 years, your total contribution will reach around Rs 14 lakh. After adding the bonus and interest received at the maturity of the policy, this amount can go up to around Rs 19 lakh, which will be helpful in meeting major expenses like the child’s education or marriage.

Premium Payment Options…

LIC’s new children’s money back plan has a lot of flexibility regarding premium payment. You can pay your premium on a monthly, quarterly, half-yearly or annual basis. With this, you can invest as per your budget and income.

When will the money be returned?

Under this scheme, the child gets the benefits of returning the money at a certain age. When the child turns 18, 20, 22 and 25 years, according to this policy, a part of the investment amount is returned as money back. At the age of 18, 20 and 22 years, 20% of the sum assured is returned. At the age of 25 years, the remaining 40% of the amount is also given along with a bonus.

What is the investment limit?

The minimum sum assured in this scheme is Rs 1 lakh. There is no maximum limit, that is, you can invest as much as you want in it, according to your financial capacity. The maturity of the policy is 25 years.

If the policyholder dies before the policy term, a fixed amount is paid to the nominee. This amount is at least 105% of the total premiums paid (after certain deductions), and may be higher than the sum assured and accumulated bonuses.

Can a loan be taken on this plan?

Yes, under this plan, after two years of purchasing the policy, loan facility is provided with certain conditions. This loan can be used for child’s education, marriage or other needs. It helps in accumulating money when needed without breaking the policy.

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What is Bima Sakhi Yojana?

The aim of the Bima Sakhi scheme is to make women from rural and semi-urban areas financially self-reliant. Under this, selected women are given training related to insurance, financial literacy, customer dealing and policy sales. After completing the training, women are issued Bima Sakhi certificate and LIC agent code.

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Under this scheme, the ‘Bima Sakhi Yojana’ initiative of Life Insurance Corporation of India (LIC) is designed to empower women aged 18-70 years whose academic qualification is 10th class pass. To promote financial literacy and insurance awareness, the government will provide them special training and stipend for the first three years.

The basic objective of this scheme is to provide employment to women in rural and urban areas through the insurance sector. The government has initially allocated a budget of Rs 100 crore for this scheme.

LIC Bima Sakhi Eligibility

• Candidates applying for LIC’s Bima Sakhi should be 10th class passed.
  • Candidates must be 18 years of age as on the date of application.
  • The maximum age at entry will be 70 years (last birthday).

  LIC : Bima Sakhi Income Structure

  • LIC’s Bima Sakhi (MCA Scheme) is a stipend scheme exclusively for women with a stipend period of 3 years.
  • In the first year, stipend will be Rs 7000 per month.
  • Stipend for the second year is Rs 6,000 per month, provided at least 65 per cent of the policies completed in the first stipend year are in force at the end of the relevant month of the second stipend year.
  • Rs 5,000 in the third year (provided that at least 65 per cent of the policies completed in the second stipend year are in force at the end of the relevant month of the third stipend year.)

  How to apply for Bima Sakhi Yojana?

  • To apply for Bima Sakhi Yojana, you have to visit the official website of LIC. You can apply by following the steps given below-
  • Visit LIC website: First of all, visit the official website of Life Insurance Corporation of India (LIC).
  • Click on the application link: Click on “Apply for Bima Sakhi Yojana (licindia.in/test2)” on the website.
  • An application form will open in a new window.
  • Now fill the required form with all the required details including selection of state and district.
  • Fill all the required details correctly like name, date of birth, address etc.
  • After submitting the form, you will see a message on the screen and you will also get a notification on your mobile number.

  Bima Sakhi Yojana: List of required documents

  Candidates applying for Bima Sakhi Yojana will have to submit certificates and other documents along with the application form. Please see the list of documents given below-

  • Aadhar card
  • Residence Certificate
  • PAN card
  • Educational Qualification Certificate (10th pass)
  • Mobile Number
  • Passport size photo

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