Who can apply for the LIC Bima Sakhi scheme and how much can you earn?

LIC Bima Sakhi Scheme aims to provide employment opportunities to women and provides them financial independence and the advantage of working as per their convenience and time. Bima Sakhi Scheme is a stipendiary scheme for 3 years after which Bima Sakhi will continue to work as a normal agent and earn commission and other benefits as per the relevant rules of LIC of India.

Any woman candidate will be eligible for appointment as a Mahila Career Agent on satisfying the following conditions:
She should be an individual and eligible for appointment as an agent under the LIC of India (Agents) Regulations, 2017 as amended from time to time. She should fulfill the above stated age and the educational qualification criteria. She should be in a position to devote her time and attention as an agent of the corporation. Employees of central government / state government or public sector undertakings shall not be eligible to be recruited as MCA (Bima Sakhi). She should be a permanent resident of India.

The appointment of a person under the Bima Sakhi scheme will not be treated as a salaried appointment as an employee of the Corporation.
Existing agents can not apply for recruitment as Bima Sakhi.
Relatives of existing agent or ex-agent (who can be reinstated) or employee or ex-employee or medical examiner or ex-medical examiner will not be eligible to be recruited as Bima Sakhis.
A retired employee of the corporation or an ex-agent seeking reappointment will not be granted agency under Bima Sakhi scheme.
The application is liable to be rejected if the information furnished is incomplete or the applications not signed by affixing full signature.

Under the commission structure for the first year, the payout is linked to the number of policies generated each month. For the first four months, one life per month earns a commission of Rs 2,000 each month. In the next four months, the requirement increases to lives (policies) per month, with a monthly commission of Rs 4,000. During the last four months of the year, three lives per month fetch a commission of Rs 6,000 each month. Over the entire 12-month period, a total of 24 lives and a first-year commission of Rs 48,000, excluding any bonus commission.

Stipend First Year: Stipend payable per month is Rs.7,000/-
Stipend 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)
Stipend 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)