LIC & Department of Rural Development Sign MoU to Promote Bima Sakhi Yojana
The Life Insurance Corporation of India (LIC) has formalized a Memorandum of Understanding (MoU) with the Department of Rural Development, Ministry of Rural Development, Government of India, to promote the flagship Bima Sakhi Yojana across rural areas. This partnership was announced during the National Conclave on Financial Inclusion, ‘Anubhuti’, held from July 8 to 10, 2025, in Goa.
What is the Bima Sakhi Yojana?
The Bima Sakhi Yojana is a women-centric initiative by LIC, uniquely designed to empower rural women by integrating them into the insurance distribution network. It offers a performance-based stipendiary agency career exclusively for women, giving all benefits and privileges identical to those of regular LIC agents. This scheme aims to cultivate long-term financial independence for women while simultaneously strengthening the insurance sector.
Benefits and Stipend Structure under Bima Sakhi Yojana
Under this scheme, participating women, called Bima Sakhi agents, receive a monthly stipend for the initial three years to support and stabilize their careers:
₹7,000 per month in the first year
₹6,000 per month in the second year
₹5,000 per month in the third year
This stipend is provided subject to meeting specific terms and conditions, ensuring that women agents get financial backing during the critical early stage of their insurance career.
Strategic Alignment with DAY-NRLM
The MoU aligns Bima Sakhi Yojana objectives with the broader goals of the Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM). Both initiatives focus on enhancing livelihoods and income-generating opportunities for rural households. Leveraging this alignment maximizes the positive social impact by promoting financial inclusion and creating sustainable income sources for rural women.
Empowering Rural Women and India’s Insurance Industry
This collaboration promises to empower rural women with a stable, dignified career, enabling them to earn an income, become financially self-reliant, and play an active role in India’s growing insurance market. The program also contributes to improving rural household income and supports the government's vision of inclusive growth.
Frequently Asked Questions ?
What is the aim of the Bima Sakhi Yojana?
It aims to empower rural women by establishing a career pathway in LIC’s insurance distribution network, promoting financial independence.
Who is eligible to become a Bima Sakhi agent?
The scheme is exclusively open to women in rural areas who meet LIC’s selection criteria.
What financial benefits do Bima Sakhi agents receive?
Agents receive monthly stipends of ₹7,000 in the first year, ₹6,000 in the second, and ₹5,000 in the third year, along with standard LIC agent benefits.
How does the MoU support rural development?
By partnering with the Department of Rural Development and aligning with DAY-NRLM, the MoU helps improve rural household incomes through sustainable career opportunities for women.
Where was the MoU signed?
The agreement was formalized at the National Conclave on Financial Inclusion ‘Anubhuti’, held in Goa from July 8 to 10, 2025.
What impact will this scheme have on women in rural India?
It provides financial stability, career growth in the insurance sector, and promotes women’s empowerment in traditionally underserved rural regions.
Published on: July 22, 2025
Published by: PAVAN
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