## Bima Sakhi Yojana Policy Summary
The Bima Sakhi Yojana, officially named "Bima Sakhi Mahila Career Agents (MCA) Scheme of LIC," was launched on December 9, 2024, with the objective of providing employment opportunities and fostering financial independence among women. As of March 31, 2025, the scheme has enrolled 148,888 women as Bima Sakhis across India. Regionally, Maharashtra accounts for 13,528 Bima Sakhis, while Madhya Pradesh has 8,964.
The scheme mandates that all Bima Sakhi agents undergo training within three months of their appointment. Preliminary data indicates that Bima Sakhis are making inroads into rural insurance coverage. As of March 31, 2025, 60.13% of the total premium collected by Bima Sakhis originates from rural areas. The program has achieved a presence in approximately 25% of Indian panchayats with at least one Bima Sakhi agent.
The Life Insurance Corporation (LIC), the parent organization of the Bima Sakhi Yojana, is responsible for promoting the initiative nationwide. Promotion efforts include utilizing LIC's branch and divisional office networks, traditional and digital media channels, and presentations in public forums. The Ministry of Finance is overseeing the Bima Sakhi Yojana.
Key Entities Referenced
Bima Sakhi Yojana: A scheme aimed at providing employment opportunities and financial independence to women, particularly in rural areas, through insurance.
Maharashtra: A state in India where the Bima Sakhi Yojana is being implemented and monitored for its impact.
Madhya Pradesh: A state in India where the Bima Sakhi Yojana is being implemented and monitored for its impact.
LIC: Life Insurance Corporation of India, the organization that launched and promotes the Bima Sakhi Yojana.
Bima Sakhi Mahila Career Agents MCA Scheme: The full name of the scheme launched by LIC, designed to provide employment opportunities to women as insurance agents.
Ministry of Finance: The Indian government ministry responsible for financial matters, overseeing the Bima Sakhi Yojana.
Shri Pankaj Chaudhary: The Minister of State in the Ministry of Finance who provided the answer to the parliamentary question regarding the Bima Sakhi Yojana.
Lok Sabha: The lower house of the Parliament of India, where questions about the Bima Sakhi Yojana were raised.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
LOK SABHA
UNSTARRED QUESTION No. †1337.
ANSWERED ON MONDAY, 28 JULY, 2025/SRAVANA 6, 1947 (SAKA)
Women Trained under Bima Sakhi Yojana
†1337. Dr. Shivaji Bandappa Kalge:
Shri Gyaneshwar Patil:
Will the Minister of FINANCE be pleased to state:
a) the number of women trained under the Bima Sakhi Yojana in the country particularly in
Maharashtra and Madhya Pradesh during the year 2024-2025;
b) the estimated impact of this scheme on rural insurance Coverage;
c) the impact of the scheme on financial literacy and insurance awareness among women in rural
and remote areas of Maharashtra and Madhya Pradesh;
d) the steps proposed to be taken by the Government to assess the success of this scheme; and
e) the steps taken to spread awareness about this scheme and to make it popular among
women?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PANKAJ CHAUDHARY)
(a) to (e): Bima Sakhi- “Mahila Career Agents (MCA) Scheme” of LIC was launched on 9th
December, 2024. The scheme aims to provide employment opportunities & financial
independence to women.
As on 31st March, 2025, the total number of women enrolled as Bima Sakhi is 1,48,888 out of
which nearly 15% i.e. 13,528 and 8,964 pertain to the state of Maharashtra and Madhya Pradesh
respectively. Further, all Bima Sakhi agents go through Training within 3 months of their
appointment as per the provisions of the scheme.
As on, 31st, March, 2025, 60.13% of total premium collected by Bima Sakhis, is from rural areas.
Further, at present nearly 25 percent of the panchayats have minimum one Bima Sakhi agent,
indicating their outreach in rural areas.
Bima Sakhi Yojana, being an intiative of LIC, is being promoted throughout the country by LIC’s
various branches and Divisional offices, traditional and digital media and by pitching in public
forums.
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