The ‘Bima Sakhi Yojana’ initiative of Life Insurance Corporation of India (LIC) is designed to empower women aged 18-70 years, who are Class X pass. They will receive specialized training and a stipend for the first three years to promote financial literacy and insurance awareness. After training, they can serve as LIC agents and the graduate Bima Sakhis would have the opportunity to qualify for being considered for Development Officer roles in LIC. Scheme overview LIC’s Bima Sakhi (MCA Scheme) is a Stipendiary Scheme, exclusively for Women , with a stipendiary period of 3 years. The appointment of a person under the MCA scheme will not be treated as a salaried appointment as an employee of the Corporation. Minimum completed age should be 18 years as on date of application. Maximum age at entry will be 70 years ( last birthday) Minimum qualification - pass in 10th standard. Relatives of existing Agent or Employee shall not be eligible to be recruited as MCAs. Relatives shall include the following family members - Spouse, Children including adopted and step children (whether dependent or not), Parents, Brothers, Sisters and immediate In-laws. A Retired employee of the Corporation or an Ex-agent seeking reappointment shall not be granted agency under MCA scheme. Existing agent can not apply for recruitment as MCA. Benefits provided Performance Norms to be fulfilled during each Stipendiary Year by MCA : First Year Commission (excluding Bonus Commission) : Rs.48,000/- The Stipend payable per month First Year - Rs.7,000/- Second Year - Rs.6,000/- (subject to at least 65% of Policies completed in the First stipendiary year are in-force as at the end of the corresponding month of the second stipendiary year) Third Year - Rs.5,000/- (subject to at least 65% of Policies completed in the Second stipendiary year are in-force as at the end of the corresponding month of the third stipendiary year ) How to apply To apply online, click here. Documents required The latest passport size photograph Self-attested copy of Age proof Self-attested copy of Address proof Self-attested copy of certificate of Educational Qualification Source : LIC