Question
LIC Bima Sakhi Yojana was launched in December 2024 to
train rural women as insurance agents with monthly stipends and commission-based income. What is the eligible age range for women to apply under this scheme?Solution
Under the LIC Bima Sakhi Yojana, women aged between 18 and 70 years are eligible to apply. About the Scheme • Launched on: 9 December 2024 by Prime Minister Narendra Modi • Implemented by: Life Insurance Corporation (LIC) • Objective: To empower rural women by training them to become insurance agents (Bima Sakhis), thereby improving insurance penetration in rural India. Eligibility Criteria • Gender: Only women are eligible • Age Limit: Must be between 18 and 70 years • Minimum Education: Should have passed 10th grade • Residency: Preference to women from rural areas Stipend Structure • 1st Year: ₹7,000 per month • 2nd Year: ₹6,000 per month • 3rd Year: ₹5,000 per month Training Duration • 3-year structured training program on LIC’s products, financial literacy, and insurance awareness • After 3 years, trained women can work as LIC insurance agents, earning through commissions and incentives
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