Bima Sakhi Scheme Enrolls Over 2 Lakh Women: How to Apply?

The Government of India launched the Bima Sakhi – Mahila Career Agent (MCA) Scheme on December 9, 2024, with the objective of empowering women through professional opportunities in the life insurance sector. Implemented by the Life Insurance Corporation of India (LIC), the scheme is a key initiative for advancing financial inclusion and women-led development.

In FY 2024–25, LIC disbursed a total of ₹62.36 crore as stipends to Bima Sakhis. For the current financial year 2025–26, LIC has recorded a budget of ₹520 crore, of which ₹115.13 crore has already been disbursed as of 14th July 2025.

The scheme has seen a robust response, with 2,05,896 Bima Sakhis currently engaged across the country. These women play a crucial role in spreading awareness and extending the reach of life insurance services, especially in rural and underserved areas.

Career Advancement and Incentive Structure

LIC offers structured growth opportunities to Bima Sakhis. Various performance-based incentives are available to encourage consistent progress. Additionally, graduate Bima Sakhis who complete 5 years of service and meet eligibility conditions can apply for recruitment as Apprentice Development Officers (ADOs)—paving the way for long-term career advancement within LIC.

Stipend Support for New Agents

To ensure a stable start, LIC provides a monthly stipend for the first three years after a Bima Sakhi’s appointment. This stipend is in addition to their commission-based earnings and is linked to performance milestones:

• 1st Year: ₹7,000 per month
• 2nd Year: ₹6,000 per month
• 3rd Year: ₹5,000 per month

This financial support aims to help new agents build a sustainable and rewarding career in life insurance.

How to Apply for the Bima Sakhi Scheme?

Follow these simple steps to apply for the Bima Sakhi – Mahila Career Agent (MCA) Scheme) through the LIC website:

Step 1: Go to www.licindia.in using any web browser.

Step 2: Scroll down the homepage and click on the ‘Click Here for Bima Sakhi’ button.

Step 3: Fill Out the Registration Form, once all the fields are filled correctly, click the ‘Submit’ button.

Also Read: LIC Invests ₹5,000 Cr in SBI, Increases Stake Through Landmark QIP

Conclusion

The Bima Sakhi scheme showcases LIC’s commitment to promoting women’s financial independence and creating pathways for meaningful employment. Through this initiative, thousands of women are gaining not just income, but also recognition, training, and long-term career prospects in the insurance sector.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.