LIC Bima Sakhi Calculator
Calculate Your Eligibility, Stipend & Earnings Potential
Mahila Career Agent (MCA) Scheme
LIC's Bima Sakhi (MCA Scheme) is a stipendiary scheme exclusively for women with a 3-year stipendiary period. It aims to empower women by providing them opportunities to become insurance agents and earn a sustainable income.
Key Features:
- Monthly stipend for 3 years
- Commission on policy sales
- Training and support provided
- Minimum target: 24 policies per year
- First Year Commission (excluding bonus): ₹48,000
Official Stipend Structure:
| Stipendiary Year | Stipend per Month | Annual Stipend |
|---|---|---|
| First Year | ₹7,000 | ₹84,000 |
| Second Year* | ₹6,000 | ₹72,000 |
| Third Year** | ₹5,000 | ₹60,000 |
| Total Stipend (3 Years) | ₹2,16,000 | |
*Subject to at least 65% of policies completed in the first year being in-force
**Subject to at least 65% of policies completed in the second year being in-force
LIC Bima Sakhi Yojana is a transformative stipendiary scheme initiated by the Life Insurance Corporation of India (LIC) to empower women, especially from rural and semi-urban areas, by providing them training and stable income opportunities as insurance agents for three years.
LIC Bima Sakhi Yojana: Empowering Women Through Insurance Careers
LIC Bima Sakhi Yojana is a government-backed initiative for women, enabling them to receive training, a monthly stipend, and career growth avenues in the insurance sector. Rural and semi-urban women are the main focus, aiming to boost insurance awareness, financial literacy, and employment.
What is LIC Bima Sakhi Yojana?
LIC Bima Sakhi Yojana, launched on December 9, 2024, is a three-year program designed to train women as insurance agents. During the training period, participants receive a monthly stipend and learn about LIC’s products, financial literacy, and insurance concepts. After completing the program, graduates are appointed as LIC agents—becoming “Bima Sakhi”—with flexible working hours and career advancement opportunities.
Objectives of the Scheme
- Empower rural women economically and professionally.
- Increase insurance penetration and awareness in villages and underserved regions.
- Train women in financial literacy—covering insurance products and personal financial planning.
- Create 1 lakh+ jobs for women within a year of launch.
- Enable families in rural communities to access better financial security.
Eligibility Criteria
To keep the scheme effective and targeted, LIC has set simple and transparent eligibility requirements:
| Criteria | Description |
|---|---|
| Gender | Female candidates only |
| Age | Between 18 to 70 years |
| Education | Minimum 10th pass required |
| Residency | Preference given to rural areas |
| Communication Skills | Should possess basic communication |
| Documents Needed | Self-attested address, age, & education proof, passport photograph |
Restrictions
Certain individuals are not eligible:
- Relatives or family of existing LIC agents/employees (including spouse, children, parents, siblings, in-laws)
- Retired LIC employees or ex-agents
- Current LIC agents
Application Process: How to Apply
The entire application process is online, making it very convenient and user-friendly.
Steps to Apply Online:
- Visit the LIC Official Website.
- Search for “Bima Sakhi” in the search box.
- Click “Apply Now” or “Bima Sakhi Registration.”
- Fill out the registration form with personal, contact, and document details.
- Upload required documents and photograph.
- Submit the form.
There is currently no announced last date for application, allowing interested candidates to apply at their convenience.
Training Structure
LIC Bima Sakhi’s core is its robust three-year training program. Here’s what it offers:
- Year 1: In-depth training on insurance products, understanding financial tools, and basic customer service. Stipend: Rs. 7,000 per month.
- Year 2: Advanced insurance and financial literacy, peer mentoring, and community outreach. Stipend: Rs. 6,000 per month (subject to 65% policy retention).
- Year 3: Leadership, insurance planning, and career growth workshops. Stipend: Rs. 5,000 per month (subject to 65% policy retention).
Training is conducted in regional languages for maximum effectiveness in rural communities.
Key Responsibilities of Bima Sakhi
During and after training, Bima Sakhis play pivotal roles in enhancing insurance literacy and coverage:
- Educate families about insurance and LIC products.
- Suggest suitable policies and facilitate smooth onboarding.
- Help with claim processes and premium payments.
- Spread financial literacy—budgeting, saving, and family protection.
- Act as a bridge between LIC and the community, boosting trust and security.
Benefits of LIC Bima Sakhi Yojana
LIC Bima Sakhi is not just a job opportunity but a holistic empowerment initiative:
- Stable Monthly Stipend: Rs. 7,000 in Year 1, Rs. 6,000 in Year 2, Rs. 5,000 in Year 3.
- Full-Time LIC Agent status after training with unlimited earning potential through commissions.
- Flexible working hours to suit family needs.
- Career development: Opportunity to become development officers in LIC.
- Financial literacy workshops for personal and community growth.
- Social prestige by helping families safeguard their future.
- Digital skills and exposure, especially for women with little prior professional experience.
Impact on Rural and Semi-Urban Communities
The LIC Bima Sakhi Yojana is a model for inclusive growth and sustainable development in India:
- Insurance Access: Many rural families are unaware of insurance benefits. Bima Sakhis bring these products to their doorstep, ensuring coverage against unforeseen events.
- Women’s Empowerment: By placing women in leadership roles, communities change perceptions; daughters and mothers become local change agents.
- Financial Protection: Insurance policies promoted through Bima Sakhis help families create safety nets.
- Community Development: Women trained under the scheme conduct workshops and events for insurance education, building a more aware and secure society.
- Economic Ripple Effect: Women’s earnings support family expenses, children’s education, and local businesses—multiplying the impact.
What Happens After the Stipendiary Period?
After completing three years of training, Bima Sakhis officially become LIC agents:
- They can earn commissions on each policy issued, just like regular LIC agents.
- Access to continuing education and leadership training for advanced roles within LIC.
- Opportunity for further promotion to development officer or managerial posts.
- Flexible career advancement—work part-time or full-time, as per individual capability and local demand.
Example: How Stipend and Policy Retention Work
Let’s see how the stipend is calculated and policy retention is important:
- First Year: Every month the trainee receives ₹7,000.
- Second Year: For a continued stipend of ₹6,000/month, at least 65% of policies issued in Year 1 must remain active.
- Third Year: For a continued stipend of ₹5,000/month, at least 65% of policies issued in Year 2 must stay in force.
This ensures that Bima Sakhis genuinely work to provide lasting protection to families and remain motivated for customer service.
Women’s Career Growth in LIC
Bima Sakhis can progress through different LIC career tracks after training:
- Insurance Agent: Earn commission based on policies issued and renewed.
- Development Officer: After years of excellent service, promotion to mentor teams and earn performance-based incentives.
- Trainer: Conduct workshops for new Bima Sakhis and community groups.
Required Documents for Application
Below is a list of required documents for Bima Sakhi registration:
- Age Proof (Birth certificate, Aadhaar, etc.)
- Address Proof (Aadhaar, ration card, voter ID, etc.)
- Educational Certificate (Class 10th marksheet/pass certificate)
- Passport-size photograph
All documents must be self-attested before uploading.
How LIC Supports Bima Sakhis
LIC provides continuous guidance and incentives for Bima Sakhis:
- Training Modules: Available in local language and online formats.
- Mentorship: Experienced LIC staff support new agents.
- Community Outreach Tools: Materials and brochures for fieldwork.
- Technical Support: Access to LIC’s agent portals for policy management.
Why This Scheme Matters
LIC Bima Sakhi Yojana is much more than just employment—it is about changing lives from within villages and towns across India:
- Economic empowerment for women leads to better family health, education, and prosperity.
- Insurance products become accessible to more Indians, increasing resilience against risks.
- The initiative sets a precedent for future gender-inclusive schemes and social security models.
Frequently Asked Questions
What is LIC Bima Sakhi Yojana?
LIC Bima Sakhi Yojana is a government-backed stipendiary scheme launched by LIC to empower women, especially from rural and semi-urban areas, by training them to become insurance agents and providing a monthly stipend for 3 years.
Who can apply for LIC Bima Sakhi Yojana?
Women aged between 18 and 70 years who have passed at least the 10th standard and are preferably residents of rural areas can apply. Relatives of existing LIC agents/employees, retired LIC staff, and current agents are not eligible.
What stipend do Bima Sakhi agents receive?
The scheme provides a monthly stipend of ₹7,000 in the first year, ₹6,000 in the second year (if at least 65% of issued policies are active), and ₹5,000 in the third year (again, subject to policy retention).
How do I apply for the scheme?
Applications are accepted online only. You must visit the official LIC website, fill out the required form, and upload relevant documents, including age, address, and education proof, plus a passport photograph.
Is there any fee to apply for Bima Sakhi Yojana?
No registration or application fee is mentioned in the official notifications.
What happens after completing the 3-year training?
After the training period, graduates become LIC agents (“Bima Sakhis”) and can earn commissions on policies issued, with opportunities for further promotions.
Conclusion
LIC Bima Sakhi Yojana is a unique and ambitious program with the power to transform hundreds of thousands of Indian women into successful insurance professionals armed with financial literacy and social confidence. With its transparent eligibility, accessible training modules, and structured career path, it is an excellent opportunity not only for women applicants but also for entire communities seeking security and progress.