Bima Sakhi Yojana: Complete Guide on How to Apply and How to Earn ₹7,000 Per Month
Women’s financial empowerment has become one of the most important focus areas of development in India. While education and self-employment opportunities have increased, many women—especially in rural and semi-urban areas—still lack stable income sources. To address this gap, Life Insurance Corporation of India (LIC) introduced a women-centric initiative popularly known as Bima Sakhi Yojana.
Bima Sakhi Yojana is designed to encourage women to become insurance advisors (agents) of LIC, earn regular income, and at the same time spread insurance awareness across society. One of the most frequently asked questions about this scheme is: “How can I get ₹7,000 per month under Bima Sakhi Yojana?” This detailed article explains everything—eligibility, application process, training, income structure, commission, incentives, benefits, myths, and practical tips—so that you can clearly understand how this scheme works in real life.
What Is Bima Sakhi Yojana?
Bima Sakhi Yojana is a women-exclusive agent recruitment and empowerment initiative of LIC. Under this scheme, women are trained and appointed as LIC insurance agents. These women, called “Bima Sakhis,” sell LIC insurance policies to individuals and families in their local areas.
The core objectives of the scheme are:
- To provide income opportunities to women
- To increase insurance penetration in rural and semi-urban India
- To create trusted female insurance advisors within communities
- To promote financial literacy and long-term savings
Unlike welfare schemes that provide direct cash transfers, Bima Sakhi Yojana focuses on earning through skill and effort.
Is Bima Sakhi Yojana a Government Scheme?
LIC is a Government of India-owned corporation, so the scheme is government-backed. However, Bima Sakhi Yojana is not a direct subsidy or salary scheme. It is an employment-oriented initiative where income depends on performance.
This distinction is important because many people misunderstand Bima Sakhi Yojana as a scheme that gives guaranteed ₹7,000 every month. In reality, the income comes from incentives and commissions earned by selling insurance policies.
Who Can Apply for Bima Sakhi Yojana?
Eligibility Criteria
To apply for Bima Sakhi Yojana, the applicant must meet the following conditions:
- Gender: Only women are eligible
- Age Limit: Minimum 18 years, maximum 70 years
- Education Qualification:
- Generally, minimum 10th pass
- In some rural areas, 8th pass may be accepted depending on LIC branch guidelines
- Nationality: Indian citizen
- Character & Background:
- Should not have been terminated earlier as an LIC agent
- Should have good conduct and communication skills
The scheme especially encourages applications from rural women, self-help group members, housewives, widows, and unemployed women.
What Is the Role of a Bima Sakhi?
A Bima Sakhi works as an LIC insurance agent. Her main responsibilities include:
- Explaining LIC insurance plans to customers
- Helping customers choose suitable life insurance policies
- Assisting with proposal forms and documentation
- Supporting customers during premium payment and renewals
- Helping families understand financial protection and savings
The role does not require a full-time office or fixed working hours. Most Bima Sakhis work within their own villages or towns.
Understanding the ₹7,000 Income Concept
Is ₹7,000 a Fixed Salary?
No. ₹7,000 is not a fixed salary. Bima Sakhi Yojana does not provide monthly salary like a government job. Instead, income is earned through:
- Performance-based incentives
- Commission on policies sold
- Renewal commission in future years
With consistent effort, many women earn ₹7,000 or more per month.
How Does the Income Structure Work?
1. Commission on New Policies
When a Bima Sakhi sells a new LIC policy, she earns a commission. The commission rate depends on:
- Type of policy
- Premium amount
- Policy term
For example, if a customer buys a policy with an annual premium of ₹10,000, the agent may earn a commission ranging from 25% to 35% in the first year, depending on the plan.
2. Monthly or Periodic Incentives
LIC provides incentives to agents who meet specific targets such as:
- Number of policies sold
- Total premium collected
- Active agent status
These incentives can range from ₹5,000 to ₹7,000 or even more per month for active performers.
3. Renewal Commission
Even after the first year, Bima Sakhis continue to earn renewal commission as long as their customers keep paying premiums. This creates long-term, recurring income.
Practical Example: How ₹7,000 Can Be Earned
Let us consider a simple example:
- Policies sold in one month: 5
- Average annual premium per policy: ₹12,000
- Total annual premium collected: ₹60,000
If the average first-year commission is around 30%, the commission earned would be approximately ₹18,000 annually, which equals ₹1,500 per month.
Now add:
- Monthly incentive for meeting targets: ₹5,500
Total monthly earning: ₹7,000
With more policies and higher premiums, income can increase further.
How to Apply for Bima Sakhi Yojana
Step 1: Visit the Nearest LIC Branch Office
The application process starts offline. Visit your nearest LIC branch and ask about:
“Bima Sakhi Yojana” or “Women Agent Scheme.”
There is no centralized online application portal for direct registration.
Step 2: Meet the Development Officer (DO)
At the LIC branch, you will be introduced to a Development Officer. The DO plays a key role and will:
- Explain the agent role
- Describe income potential
- Inform about training and targets
- Guide you through the application process
Step 3: Submit Required Documents
You will need to submit the following documents:
- Aadhaar Card
- PAN Card
- Educational certificate (8th/10th pass)
- Passport-size photographs
- Bank account details or passbook
- Mobile number and address proof
All documents must be genuine and self-attested.
Step 4: Agent Training
After document verification, you will undergo mandatory LIC agent training. Training covers:
- Basics of life insurance
- LIC policy types
- Customer handling and ethics
- Documentation and compliance
Training can be online or offline, depending on the branch.
Step 5: Agent Examination
At the end of training, candidates must pass a simple pre-recruitment examination conducted by the Insurance Regulatory and Development Authority of India (IRDAI).
The exam tests basic understanding of insurance concepts. With proper training, it is easy to clear.
Step 6: Agent Code Issuance
After passing the exam:
- You receive an LIC Agent Code
- You are officially appointed as a Bima Sakhi
- You can start selling policies and earning commissions
How Long Does the Process Take?
From application to agent code issuance, the process usually takes:
- 15 to 30 days
This may vary slightly depending on document verification and training schedules.
Benefits of Bima Sakhi Yojana
- No initial investment required
- Flexible working hours
- Work from your own locality
- Government-backed organization
- Long-term renewal income
- Skill development and confidence building
- Social respect and recognition
Who Should Consider Bima Sakhi Yojana?
- Housewives looking for part-time income
- Rural women seeking employment near home
- Self-help group members
- Women interested in sales and communication
- Those seeking long-term recurring income
Common Myths About Bima Sakhi Yojana
Myth 1: ₹7,000 is guaranteed every month
Reality: Income depends on performance.
Myth 2: No work is required
Reality: Policy sales and customer interaction are necessary.
Myth 3: Online registration guarantees selection
Reality: Only LIC branch-based registration is valid.
Important Cautions
- LIC does not charge registration fees
- Do not pay money to agents or middlemen
- Always apply through official LIC offices
- Confirm details directly with LIC staff
Long-Term Income Potential
With time, experienced Bima Sakhis build a strong customer base. Renewal commissions accumulate every year, allowing many agents to earn stable monthly income even with fewer new policy sales.
Some senior agents earn ₹20,000 to ₹50,000 per month after a few years of consistent work.
Click Hear to Apply
Bima Sakhi Yojana is not a free money scheme, but it is a genuine and sustainable income opportunity for women who are willing to learn and work. The ₹7,000 monthly income is achievable through dedication, policy sales, and consistent customer service.
For women seeking financial independence, flexible work, and long-term earnings under a trusted government-owned organization like LIC, Bima Sakhi Yojana can be a practical and empowering choice.
If approached with realistic expectations and honest effort, this scheme can transform not only income levels but also confidence and social standing.