LIC Scheme for Women- If you are a women and need money, then this article is made for you. Life Insurance Corporation of India (LIC) has given women an opportunity to become Mahila Career Agent (MCA) through the Bima Sakhi scheme. Women joining this scheme will not only be given professional training, but they will also be given a stipend every month for three years. With this, women can make their career in the insurance sector.

Who can apply?

  1. The age of the female candidate should be at least 18 years.
  2. The maximum age limit is 70 years as on the date of application.
  3. The candidate must have passed at least 10th.
  4. This scheme is not a regular job with LIC but a stipend based opportunity.

How much stipend will you get?

First year: Rs 7,000 per month

Second year: Rs 6,000 per month (if 65% of the first year’s policy remains active)

Third year: Rs 5,000 per month (if 65% of the second year policy remains active)

To get a stipend every year, a woman agent has to sell at least 24 new insurance policies. Then she has to earn a first year commission of Rs 48,000. This money will be given excluding bonus commission.

Who cannot apply?

Existing LIC Agents

LIC employees and their close relatives like husband, wife, children, parents, siblings, in-laws etc.

Retired LIC employee

Former agents who wish to re-appoint.

How to apply?

Interested candidates have to bring these documents along with the application letter.

Passport size photo

Proof of age

Address Proof

Proof of educational qualification (self-attested)

Please note that incomplete information or without documents may lead to rejection of the application.

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