FM Nirmala Sitharaman Highlights Girls’s Function In Insurance coverage At Launch Of LIC’s ‘Bima Sakhi Yojana’ | Economic system Information

Union Finance Minister Nirmala Sitharaman, emphasised the rising participation of ladies within the insurance coverage trade on the launch of LIC’s transformative ‘Bima Sakhi Yojana’, in Panipat, Haryana on Monday. “Since 2017-18, the recruitment of ladies brokers has additionally been undertaken. In 2017, there have been 6 lakh ladies brokers, which elevated to 7.45 lakh brokers by 2023,” she stated.

The ‘Bima Sakhi Yojana,’ additionally known as a ladies profession agent initiative, goals to recruit 25,000 ladies as Bima Sakhis in its preliminary part. This system is designed to supply monetary {and professional} alternatives for ladies, notably these from underprivileged backgrounds.

Sitharaman stated, “The Bima Sakhi Programme, which the Prime Minister is ready to launch immediately, can also be known as a ladies profession agent programme. Beneath this initiative, 25,000 ladies shall be appointed as Bima Sakhis.” She added, “Girls who’ve accomplished their Tenth grade shall be recruited as brokers underneath LIC recruitment, titled “Mahila Bima Sakhi,” and they’re going to additionally obtain a stipend.”

To take part within the initiative, ladies aged between 18 and 70 years who’ve accomplished their Tenth-grade schooling are eligible to use. She said, “Every Bima Sakhi will earn a month-to-month stipend of Rs7,000 within the first yr, Rs6,000 monthly within the second yr, and Rs5,000 monthly within the third yr.”

She added, “This stipend serves as a fundamental assist allowance. Moreover, ladies brokers can earn commissions primarily based on the insurance coverage insurance policies they safe, with their earnings growing in proportion to the enterprise they create in.” Along with the stipend, Bima Sakhis will earn commissions primarily based on the insurance coverage insurance policies they safe. This creates a possibility for ladies to considerably improve their earnings primarily based on their efficiency.

After three years, contributors can proceed their careers as lifelong brokers with LIC, providing a sustainable and rewarding profession path. Asserting an formidable three-year plan, Sitharaman said that this system goals to recruit 2 lakh Bima Sakhis by 2026.

“The intention is to recruit 2 lakh Bima Sakhis over the following three years. Girls aged 18 to 70 years can apply for this program. Even after three years, ladies can proceed their affiliation as lifelong profession brokers in this system,” she remarked.

Prime Minister Narendra Modi launched LIC’s ‘Bima Sakhi Yojana’ and laid the inspiration stone for the primary campus of Maharana Pratap Horticultural College in Panipat, Haryana on Monday.