New PM Modi Central Government Scheme in 2024 The Bima Sakhi Yojana is a pioneering scheme introduced in India to empower rural women by providing them with financial security and fostering a culture of insurance awareness. This scheme, implemented under the broader ambit of life insurance initiatives, primarily focuses on employing women as intermediaries to promote insurance products in rural areas.
Under the program, women from self-help groups (SHGs) are trained as “Bima Sakhis” or insurance facilitators. These women are equipped with knowledge about various insurance schemes, enabling them to educate their communities about the benefits of life insurance, health coverage, and other financial protections. The initiative not only creates awareness but also provides rural women with employment opportunities and economic independence.
Bima Sakhi Yojana addresses key challenges such as low penetration of insurance in rural areas, lack of trust in formal financial services, and limited understanding of the benefits of insurance. By involving local women, the scheme ensures better communication and trust-building within the community.
This innovative approach aligns with the government’s vision of financial inclusion and women’s empowerment. The Bima Sakhi Yojana is transforming lives by bridging the gap between rural communities and financial security, making insurance accessible and understandable for all.
Short Details About New PM Modi Central Government Scheme in 2024
| Organization Name: | Bima Sakhi Yojana Scheme |
| Job Category: | Government Scheme |
| Employment Type: | Full time – Regular Basis |
| Name of Vacancies:Â | PM Modi Scheme |
| Place of Posting: | All Over India       |
| Starting Date: | 14-12-2024Â |
| Last Date: | Not Announced |
| Apply Mode: | Online |
Full Details About this Job:
Department Name = Bima Sakhi Yojana Scheme
Vacancy Name = PM Modi Scheme
Vacancy Type = Government Scheme
Job Location = All Over India , Tamil Nadu
Qualification = 10th Pass to Any Degree Eligible
Gender = Female
Age Limit = 19 Years to 36 Years
Job Openings = Check Apply Link For Detailed Information.
The Life Insurance Corporation of India (LIC) is pleased to announce the recruitment of Bima Sakhi under its Mahila Career Agent (MCA) Scheme. This initiative is exclusively designed to empower women by offering a unique opportunity to become a part of LIC’s workforce. Here, we provide detailed information about the scheme, eligibility criteria, stipend structure, and other important guidelines for prospective candidates.
About the MCA Scheme
The LIC Bima Sakhi MCA Scheme is a specialized stipendiary program aimed at providing women with a career opportunity in life insurance. It is distinct from regular employment as it does not constitute a salaried position within the corporation. This program is designed for women looking to achieve financial independence while contributing to the growth and reach of LIC’s services.
Key Features of the MCA Scheme:
- Exclusive to Women: This program is tailored specifically for women, enabling them to build a career in the insurance sector.
- Stipendiary Tenure: The scheme operates on a three-year stipendiary period.
- Non-Salaried Position: Participants are not classified as employees of LIC but work under a specialized agent framework.
Eligibility Criteria
To qualify for recruitment under the MCA Scheme, applicants must meet the following requirements:
- Age:
- Maximum age: 70 years (as of the applicant’s last birthday).
- Educational Qualification:
- Candidates must have completed at least the 10th standard from a recognized board or institution.
- Restrictions on Relatives:
- Relatives of existing LIC agents or employees are not eligible for recruitment.
- Spouse
- Children (including adopted and stepchildren, whether dependent or not)
- Parents
- Siblings (brothers and sisters)
- Immediate in-laws
- Relatives of existing LIC agents or employees are not eligible for recruitment.
- Other Restrictions:
- Individuals currently serving as LIC agents cannot apply for the MCA program.
Performance Norms
Participants in the MCA Scheme are required to meet specific performance benchmarks during the stipendiary period. These benchmarks are crucial to ensure continued eligibility for the stipend and overall success in the program.
Performance Norms for Each Stipendiary Year:
- Number of Lives Insured:
- Each participant must secure at least 24 new policies in each stipendiary year.
- First-Year Commission (FYC):
- The total first-year commission (excluding bonus commissions) must amount to a minimum of Rs. 48,000 per year.
Stipend Structure
The MCA Scheme provides a fixed monthly stipend to participants, which decreases incrementally over the three-year period. The stipend is conditional on achieving the required performance benchmarks.
Stipend Details:
- First Year: Rs. 7,000 per month
- Second Year: Rs. 6,000 per month
- This is subject to maintaining at least 65% of the policies completed in the first year as in-force policies at the end of each corresponding month in the second year.
- Third Year: Rs. 5,000 per month
- This is subject to maintaining at least 65% of the policies completed in the second year as in-force policies at the end of each corresponding month in the third year.
Application Process
Candidates interested in applying for the MCA Scheme must adhere to the following application process:
- Application Form:
- Candidates should accurately complete the application form provided by LIC.
- Photograph:
- Required Documents:
- Age Proof: Birth certificate, Aadhaar card, or other valid documentation.
- Address Proof: Aadhaar card, voter ID, utility bill, or similar.
General Guidelines
To ensure a smooth and transparent recruitment process, applicants are advised to adhere to the following instructions:
- Eligibility Verification:
- LIC reserves the right to disqualify candidates at any stage if they are found ineligible.
- Submission Accuracy:
- Falsification of details may lead to immediate disqualification.
- Stipendiary Role:
- Understand that the MCA role is not a salaried position. It is a stipendiary arrangement, and participants will not receive benefits associated with regular employment.
- Performance Accountability:
- Stipend continuation depends on meeting performance norms. Candidates should consistently work to meet or exceed the set targets.
- Exclusivity Clause:
- Relatives of existing LIC agents or employees, as well as current agents, retired employees, and ex-agents seeking reappointment, are strictly prohibited from applying.
Advantages of the MCA Scheme
The MCA Scheme offers numerous benefits to participants, including:
- Empowerment for Women:
- The program is exclusively for women, providing a platform to achieve financial independence and career growth.
- Flexible Work Structure:
- Participants can work at their own pace while meeting stipulated performance norms.
- Financial Support:
- The stipend provides a steady income during the initial phase, helping participants build their client base.
- Career Advancement:
- Successful participants can establish themselves as trusted LIC agents, potentially leading to long-term financial and professional growth.
The LIC Bima Sakhi MCA Scheme is an excellent opportunity for women seeking a fulfilling and flexible career in the insurance industry. By meeting the stipulated performance criteria and adhering to the program’s guidelines, participants can build a stable income source and make meaningful contributions to LIC’s mission of providing life insurance to every corner of the country.
Interested candidates are encouraged to submit their applications promptly, ensuring that all necessary documents are attached and eligibility criteria are met. Join LIC’s journey towards financial inclusion and empowerment—apply today to become a Bima Sakhi!
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