LIC Empowers Bima Sakhis with opportunities and Incentives, eligible to participate in ADO Recruitment After 5 Years

The Government of India launched Bima Sakhi- “Mahila Career Agent (MCA) Scheme” on 9.12.2024. LIC has paid Rs 62.36 crore to Bima Sakhis as stipend in FY2024-25. In the current Financial Year(2025-26), LIC has provided a budget of Rs 520 crore for the scheme, out of which Rs115.13 crore has been paid up to 14.7.2025. At present, there are 2,05,896 Bima Sakhis in the country.

LIC provides opportunities to Bima Sakhis, in furtherance of their career by way of several performance-based incentives. Graduate Bima Sakhis, after completion of 5 years, may participate in the recruitment process for the post of Apprentice Development officers of LIC, upon fulfilling the eligibility criteria.

Apart from above, LIC pays stipend to Bima Sakhis for first 3 years from their appointment to support them build a life insurance agency career. The stipend scheme is in addition to their commission pay-outs and is subject to certain performance parameters. The amount of the stipend ranges from Rs 7000/- per month in the first year to Rs 5000/- in the third year.

This information was given by Minister of State in the Ministry of Finance Shri Pankaj Chaudhary in a written reply to a question in  Lok Sabha.

Bima Sakhi Scheme: stipend and performance incentives with pathway to ADO recruitment after required service and eligibility. Bima Sakhi Scheme provides time-bound stipend support and performance-linked incentives to women insurance agents to supplement commissions; stipend payments are conditional on meeting performance parameters and are staged across the initial years. Graduate participants who complete the required service period and satisfy performance and eligibility conditions may later participate in recruitment for the Apprentice Development Officer post under the insurer's standard eligibility rules.