LIC Bima Sakhi Mahila Career Agent [MCA] Scheme
Life Insurance Corporation of India [LIC] Bima Sakhi (Mahila Career Agent) scheme is a 3 year Stipendiary Scheme exclusively for Women. Through Bima Sakhi Scheme, Life Insurance Corporation of India is proud to be a partner in the economic development of women. The scheme aims to provide employment opportunities to women and provides them financial independence and the advantage of working as per their convenience and time.
Who Can Apply For LIC Bima Sakhi Mahila Career Agent [MCA] Scheme?
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.
• Employee of Central government / State Government or Public Sector Undertaking shall not be eligible to be recruited as MCA (Bima Sakhi).
• She should be a permanent resident of India.
• Age – Minimum completed age should be 18 years as on date of application and maximum age at entry will be 70 years of age (Last Birth Day).
• Educational Qualification – 10th pass or higher.
• Pre-Recruitment Test- The applicant has to pass an examination prescribed by IRDAI (as stipulated in the extant IRDAI Regulations as amended from time to time).
How To Apply For LIC Bima Sakhi Mahila Career Agent [MCA] Scheme?
To apply for the LIC Bima Sakhi Mahila Career Agent (MCA) Scheme, you must complete an online registration through the official portal. This 3-year stipendiary scheme is designed for women aged 18 to 70 with at least a 10th-standard education.
Note:
• 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 agent 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 shall not be eligible to be recruited as Bima Sakhis. 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 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.
Selection Process of LIC Bima Sakhi Mahila Career Agent [MCA] Scheme
The process of selection and appointment as Bima Sakhi after passing the pre-recruitment test shall include:
• Submission of required documents.
• Interview at the Branch Office by the Branch In-charge or an Officer duly authorized by the Branch In-charge, to assess the suitability of the candidate.
• Agency code allotment as per the extant provision for appointment of Insurance Agent for LIC of India.
Stipend of LIC Bima Sakhi Mahila Career Agent [MCA] Scheme
The Stipend payable :
| Stipendiary Year | 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) |
Note:
Stipendiary Period is Three Years. No stipend will be payable for those month/s where the Bima Sakhi has remained Inactive.
