LIC Recruits Over 2.20 Lakh Women Under Bima Sakhi Scheme

Life Insurance Corporation of India (LIC) has significantly expanded its women-led insurance distribution network by onboarding more than 2.2 lakh women as Bima Sakhis.  

The initiative is designed to create employment opportunities for women while strengthening insurance awareness across underserved and rural regions of the country. 

Bima Sakhi Enrolment and Regional Spread 

As of August 7, 2025, LIC has engaged 2,20,339 women under the Bima Sakhi model, according to information shared in Parliament by Minister of State for Finance Pankaj Chaudhary.  

The scheme has seen notable participation in states such as Rajasthan, with over 16,000 Bima Sakhis, and Punjab, which has crossed 4,000 enrolments. The model focuses on building a grassroots insurance distribution channel led by trained women agents. 

Income Support and Eligibility Framework 

Women appointed as Bima Sakhis receive a monthly stipend for the first 3 years, in addition to commissions on policies sold. The stipend begins at ₹7,000 per month in the 1st year and tapers to ₹5,000 per month by the 3rd year, providing income stability as participants establish their agency careers.  

Eligible applicants must meet prescribed age and educational criteria, clear a pre-recruitment test, and undergo training provided by LIC within three months of appointment. The scheme is open to women from all communities, including SC, ST and OBC groups. 

Read More: Insurance Amendment Bill: Cabinet Okays 100% FDI in Sector! 

LIC Share Price Performance  

As of December 15, 2025, at 9:35 AM, Life Insurance Corporation of India share price is trading at ₹860.15 per share, reflecting a decline of 0.86% from the previous closing price. Over the past month, the stock has declined by 6.03%. 

Conclusion 

By scaling up the Bima Sakhi initiative, LIC is combining women’s employment generation with deeper insurance penetration. The programme also aligns with the long-term national objective of achieving “Insurance for All” by 2047, with women playing a central role in extending financial protection at the community level. 

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