The Government of India launched Bima Sakhi - Mahila Career Agent (MCA) Scheme on 9.12.2024. It is a Stipendiary Scheme, exclusively for Women, with a stipendiary period of 3 years. Life Insurance Corporation of India (LIC) is the implementation agency. Benefits to women Life Insurance Corporation of India (LIC) provides opportunities to Bima Sakhis, in furtherance of their career by way of several performance-based incentives. 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. 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. Eligibility for the scheme Minimum completed age should be 18 years as on date of application. Maximum age at entry will be 70 years ( last birthday) Minimum qualification - pass in 10th standard. Relatives of existing Agent or Employee shall not be eligible to be recruited as MCAs. Relatives shall include the following family members - Spouse, Children including adopted and step children (whether dependent or not), Parents, Brothers, Sisters and immediate In-laws. A Retired employee of the Corporation or an Ex-agent seeking reappointment shall not be granted agency under MCA scheme. Existing agent can not apply for recruitment as MCA. 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. Application process Online application can be filled at LIC website Documents required The latest passport size photograph Self-attested copy of Age proof Self-attested copy of Address proof Self-attested copy of certificate of Educational Qualification Source : LIC