LIC Bima Sakhi Yojana: How Can Women Apply, know Full Information Here

The Bima Sakhi scheme : was launched by the Prime Minister of India, Shri Narendra Modi, on 9th December 2024 in Panipat, Haryana. The objective of this scheme is to financially empower women of rural and urban areas through the insurance sector and provide them new employment opportunities. The government has allocated a budget of Rs 100 crore for this scheme.

Bima Sakhi Yojana is a big step towards the economic strength of women and making them self-reliant. This scheme will not only provide employment to women but will also promote the participation of women in the insurance sector. So let us know how the women of the country can take advantage of this scheme, what are the conditions they will have to follow to avail the benefits and how they can apply in this scheme.

Purpose of LIC Bima Sakhi Yojana:

The LIC Bima Sakhi Yojana is specially designed for women, keeping their unique financial needs and challenges in mind. The main purpose of this plan is to provide financial security and savings opportunities while offering additional benefits like health coverage and tax advantages.Here’s the purpose of LIC Bima Sakhi Yojana explained in simple terms:

1. Financial Protection for Your Family

• The plan ensures that your family is financially secure if something unexpected happens to you.
• In case of your untimely demise, your family will receive the sum assured along with bonuses, helping them manage expenses.

2. Encourages Savings:

• Along with providing insurance coverage, this plan helps women save money systematically.
• At the end of the policy term, you receive a lump sum amount that can be used for important life goals like:
• Child’s education,Marriage,Starting a business,Retirement savings

3. Health Coverage:

Women often face health issues that require financial support. This plan allows you to add health riders for illnesses like breast cancer or cervical cancer, ensuring you are covered during tough times.

4. Empowering Women Financially:

• This plan is designed to help women take control of their finances.
• By investing in this policy, women can secure their future and gain independence in managing long-term savings.

5. Tax Benefits:

• The plan provides tax advantages on both premiums paid and the maturity amount.
• This helps women save money while securing their financial future.

6. Loan Facility for Emergencies:

• After a few years, you can take a loan against the policy in case of financial emergencies.
• This feature provides additional financial support when needed.
• Eligibility for LIC Bima Sakhi Yojana:

Eligibility for LIC Bima Sakhi Yojana

• Age limit: Minimum age of 18 years and a maximum of 70 years as of the application date
• Minimum Qualification – 10th class passed

Stipend Payable :

Apply Online on LIC’s Official Website:

• Step 1: Visit the official LIC website at www.licindia.in.
• Step 2: Navigate to the “Buy Policies Online” or “Products” section and select Bima Sakhi Yojana.
• Step 3: Click on “Apply Now” and fill out the online application form.
• Step 4: Upload the required documents.
• Step 5: Pay the premium through online modes such as net banking, debit/credit card, or UPI.
• Step 6: You will receive a confirmation and policy details via email or SMS.

Through LIC Mobile App

• Download the LIC India mobile app from the Play Store or App Store.
• Register or log in with your credentials.
• Look for Bima Sakhi Yojana under the policy section.
• Follow the steps to apply online.

Documents Required:

• Identity Proof: Aadhaar card, PAN card, passport, or voter ID.
• Address Proof: Aadhaar card, utility bills, ration card, etc.
• Age Proof: Birth certificate, Aadhaar card, or school leaving certificate.
• Income Proof: Salary slips, income tax returns, or bank statements (if required for high sum assured).
• Medical Reports: If needed for health riders or higher coverage.