The Life Insurance Corporation of India (LIC) continues to innovate with customer-centric insurance solutions, and one of its latest offerings, the LIC Bima Sakhi Yojana, is specifically designed to empower women with financial independence and security. This scheme reflects LIC’s ongoing commitment to inclusive insurance coverage and aims to reach millions of women across India, especially in semi-urban and rural areas. In this article, we present a detailed look into the LIC Bima Sakhi Yojana, including its features, benefits, eligibility criteria, and how it contributes to women’s empowerment. What is LIC Bima Sakhi Yojana? LIC Bima Sakhi Yojana is a specially designed life insurance scheme exclusively for women, launched with the goal of enhancing financial literacy and security among Indian women. It offers both protection and savings, ensuring that women not only have life cover but also a savings component for future financial needs. Key Features of LIC Bima Sakhi Yojana Exclusive for Women: Only women policyholders are eligible for this plan, promoting financial planning and independence among female individuals. Dual Benefit – Protection + Savings: The scheme provides life insurance coverage and maturity benefits after the completion of the policy term. Flexible Premium Payment Options: Policyholders can choose from various premium payment terms like yearly, half-yearly, quarterly, or monthly, based on convenience. Maturity Benefit: On survival of the policyholder till the end of the policy term, she receives a lump sum amount including bonuses and guaranteed additions. Death Benefit: In case of the unfortunate death of the policyholder during the policy term, the nominee receives the sum assured along with applicable bonuses. Tax Benefits: Premiums paid under this scheme may be eligible for tax deductions under Section 80C and maturity proceeds may be tax-free under Section 10(10D), as per prevailing tax laws. Bonus Additions: Eligible policies may receive reversionary bonuses and a final additional bonus, enhancing the total returns. Loan Facility: After a certain period, the policyholder can avail of a loan against the policy in case of financial emergencies. Eligibility Criteria Gender: Only women are eligible. Minimum Entry Age: 18 years. Maximum Entry Age: 55 years (varies depending on policy term). Policy Term: Ranges between 10 to 20 years. Minimum Sum Assured: ₹75,000 (subject to LIC’s terms). Maximum Sum Assured: No upper limit (depending on underwriting and proposal acceptance). Special Benefits for Women Women Agents as Advisors (Sakhi Agents): LIC promotes the scheme through trained female agents known as “Sakhi agents”, creating employment opportunities and increasing women’s participation in the insurance sector. Enhanced Accessibility in Rural Areas: LIC Bima Sakhi Yojana is being actively promoted in villages and small towns, aligning with government initiatives for financial inclusion. How to Apply for LIC Bima Sakhi Yojana? Women interested in the scheme can approach: Nearest LIC branch Authorized LIC Sakhi Agents LIC’s official website (www.licindia.in) LIC mobile app or customer helpline Required documents include identity proof, age proof, address proof, photographs, and income details (if needed). Conclusion LIC Bima Sakhi Yojana is more than just an insurance plan—it is a financial tool tailored for women’s empowerment. By combining life protection with long-term savings, and by promoting female participation as both policyholders and agents, the scheme aims to create a robust support system for women across India. For women looking to secure their future and take confident steps towards financial self-reliance, LIC Bima Sakhi Yojana is a smart and empowering choice.