LIC collaborates with the ministry of rural development to popularize Bima Sakhi Yojana

1. Partnership Overview

• The Life Insurance Corporation of India (LIC) has entered into a Memorandum of Understanding (MoU) with the Department of Rural Development, Ministry of Rural Development.
• Purpose: The eventual goal is to popularize and introduce Bima Sakhi Yojana by LIC in the rural parts of India.

2. About Bima Sakhi Yojana

• It is a women-based program which focuses on empowering women making them have a career as LIC agents.
• The scheme offers performance based stipendiary scheme to develop financial autonomy and entrepreneurship among women.

3. Key Features of the Scheme

Stipend Structure:

• First Year: ₹7,000 per month
  • Second Year: ₹6,000 per month
  • Third Year: ₹5,000 per month
  • (Subject to the fulfillment of certain terms and conditions)
• Advantages: Bima Sakhis enjoy all the benefits and perks of a normal LIC agent which guarantees them a long-term career.

4. Strategic Alignment

• The Bima Sakhi Yojana is coordinated with the interests of the Deendayal Antyodaya Yojana national rural livelihood mission (DAY-NRLM).
• The partnership is supposed to help increase the rural household incomes through women-led financial empowerment.

5. Event Context

• It signed the MoU at the Anubhuti National Conclave on Financial Inclusion, which took place between July 8-10, 2025, in Goa.