The Life Insurance Corporation of India (LIC) introduced the LIC Bima Sakhi (MCA Scheme), a special stipend-based plan created specifically to empower women throughout India. In contrast to a traditional job, this program offers women a three-year stipend opportunity and encourages them to connect with LIC’s trusted ecosystem in order to become financially independent.
Women who wish to begin a career in the insurance industry without requiring formal employment are specifically the focus of this program.
LIC Bima Sakhi Yojana 2025 Calculator
Select a tool below to get started.
Select Tool:
Eligibility Status
Invalid Input
Please correct highlighted fields.
About LIC Bima Sakhi Yojana (Click to Expand)
▼LIC Bima Sakhi Yojana 2025, launched by Prime Minister Narendra Modi, is a significant initiative by Life Insurance Corporation of India (LIC) aimed at empowering women, especially in rural areas.
This scheme offers women the opportunity to become insurance agents and provides a stipend for three years to support them financially as they establish themselves. It is part of LIC’s MCA (Member of Corporate Agency) scheme, specifically designed for women.
Key Objectives:
- To train women in the insurance sector.
- To provide an independent source of income for women.
- To spread insurance awareness in rural regions.
- To help women build a strong, self-reliant identity.
It’s not a traditional job but an independent working model offering training, commission on policy sales, and a fixed stipend for three years, contingent on performance.
Stipend Structure and Performance Conditions:
The monthly stipend is performance-based over three years:
- Year 1: ₹7,000 per month.
- Performance Expectation: Earn at least ₹48,000 in commission and sell a minimum of 24 new policies. (These targets for Year 1 impact Year 2 stipend).
- Year 2: ₹6,000 per month, IF Year 1 targets were met AND at least 65% of Year 1 policies remain active.
- Year 3: ₹5,000 per month, IF eligible for Year 2 stipend AND at least 65% of Year 2 policies remain active.
This structure makes the scheme sustainable and skill-based, encouraging Bima Sakhis to improve their economic status and inspire others.
Eligibility & Application Process (Click to Expand)
▼Eligibility Criteria:
- Age: Between 18 and 70 years.
- Educational Qualification: Minimum 10th standard pass.
- Residency: Preference is given to women residing in rural areas.
Exclusions (Not Eligible to Apply):
- Existing LIC agents.
- Family members of existing LIC agents (spouse, parents, siblings, etc.).
- Former LIC agents whose agency was terminated.
- LIC employees who have retired or resigned.
Application Process:
The application process for the Bima Sakhi Yojana is entirely online.
- Interested women can visit the official LIC website.
- Fill out the application form available on the portal.
- Upload self-attested copies of the following documents:
- Passport-size photograph.
- Age proof (e.g., Aadhaar Card, Birth Certificate).
- Address proof.
- Educational qualification certificates (10th pass minimum).
Important: Incomplete applications or applications without the required documents uploaded may be automatically rejected. Ensure all information is accurate and documents are clear.
Key Highlights of the MCA Scheme
- Stipend Tenure: 3 years
- Eligibility: Women, aged between 18 to 70 years
- Minimum Qualification: Passed Class 10th
- Nature of Appointment: Not considered salaried employment under LIC
Performance Benchmarks (Each Year):
- Number of Lives to be Insured: 24
- First Year Commission (Excluding Bonus Commission): ₹48,000
Stipend Benefits:
- Year 1: ₹7,000 per month
- Year 2: ₹6,000 per month (subject to 65% policies remaining active)
- Year 3: ₹5,000 per month (subject to 65% policies remaining active)
Who Can Apply?
- Women aged 18–70 years
- Minimum 10th pass
- Applicants cannot be relatives of existing LIC employees/agents (including spouse, children, parents, siblings, or in-laws).
- Retired LIC employees or former agents seeking reappointment are not eligible.
- Existing LIC agents cannot apply.
Application Requirements
When applying, candidates must upload:
- Recent passport-sized photograph
- Self-attested copies of:
- Age proof
- Address proof
- Educational qualification proof
Why Choose LIC’s Bima Sakhi MCA Scheme?
- Women’s Financial Empowerment: Provides a steady income while developing professional abilities.
- Flexible Opportunity: Work independently without the need for a full-time office.
- Women are encouraged to advocate for financial protection and literacy by raising awareness of social security.
- Career Pathway: Offers an entry point into the financial services and insurance sectors in India.
Real-World Impact
Case Study – Jaipur, Rajasthan:
Sunita Sharma (28), a graduate homemaker, enrolled under the MCA scheme. Within the first year, she insured 30 lives and successfully earned the full stipend of ₹7,000 per month along with commission benefits. This helped her contribute to household income while working independently.
Case Study – Lucknow, Uttar Pradesh:
Rekha Verma (42), a school teacher, joined MCA to explore part-time opportunities. By completing the required benchmarks, she not only earned her stipend but also built long-term relationships with LIC policyholders, eventually transitioning into a full-time agency career.
Expert Insights
“The MCA scheme reflects LIC’s long-standing commitment to financial inclusion. Women from semi-urban and rural areas often hesitate to join insurance full-time. This scheme gives them a secure entry point with guaranteed stipends, ensuring financial stability as they build a client base.”
— Ramesh Kumar, Insurance Consultant
“Women agents perform better in client engagement and relationship management. This scheme is strategically designed to tap into that potential.”
— Dr. Shalini Deshpande, Financial Inclusion Expert
Frequently Asked Questions (FAQs)
It is a stipend-based program and not considered salaried employment.
You can earn ₹7,000 in Year 1, ₹6,000 in Year 2, and ₹5,000 in Year 3, subject to performance conditions.
Yes. Many women transition into LIC agency roles with regular commission-based earnings after completing 3 years.
No. Existing agents or their immediate relatives are not eligible.
Yes. You can also earn commissions on policies sold, which adds to your income.
Final Word
The LIC Bima Sakhi (MCA Scheme) is a movement that empowers women to take charge of their financial future, not just a financial program. This program is a great chance for women who wish to advance their careers while truly changing people’s lives because it offers flexible scheduling, structured stipends, and the legitimacy of LIC.
Start your path to financial independence with LIC by submitting an application right now.