LIC Bima Sakhi Recruitment 2025: Complete Details of Mahila Career Agent (MCA) Scheme, Stipend, Eligibility, Application Process, Benefits and Withdrawal Rules

The Life Insurance Corporation of India (LIC), one of the most trusted financial institutions in the country, has always been committed to empowering women and providing them with sustainable opportunities for growth and financial independence. In this direction, LIC has launched the Bima Sakhi Recruitment under the Mahila Career Agent (MCA) Scheme. This scheme is exclusively designed for women, offering them a stipend-based opportunity for three years, along with performance-linked benefits.

Unlike regular employment, the MCA scheme does not treat the appointment as salaried employment in LIC. Instead, it provides women with a platform to work as career agents, gain financial independence, and simultaneously contribute to LIC’s mission of extending insurance coverage to every household in India.

The initiative is a significant step towards women’s empowerment, enabling them to enhance their skills, earn a steady stipend, and build a long-term career in the insurance industry.

Dates and Launch of the Scheme

• Scheme Name: LIC Bima Sakhi Recruitment – MCA Scheme
• Introduced By: Life Insurance Corporation of India (LIC)
• Beneficiaries: Women candidates across India
• Tenure of Stipend: 3 years
• Minimum Age at Application Date: 18 years
• Maximum Age at Entry: 70 years (last birthday)

Objectives of the Scheme

The MCA scheme aims to:

1. Empower women through financial independence.
2. Encourage more women to take part in the insurance sector.
3. Provide training and mentorship for women to build a long-term career in insurance.
4. Create a performance-linked stipend model that rewards productivity.
5. Support women in becoming financially self-reliant and socially empowered.

Key Features of LIC Bima Sakhi MCA Scheme

1. Exclusively for Women: Only women candidates are eligible for this scheme.
2. Performance-Based Stipend: Monthly stipend for three years, subject to performance conditions.
3. Flexible Work Opportunity: Candidates work as agents and not as salaried employees.
4. Skill Development: Opportunity to learn sales, communication, and financial planning skills.
5. Family Restrictions: Relatives of existing LIC employees or agents are not eligible.
6. Documentation: Candidates must provide verified age, residence, and educational proof.

Stipend / Scholarship Amount

The scheme provides a monthly stipend for three years, subject to performance norms:

• First Year: ₹7,000 per month
• Second Year: ₹6,000 per month (provided at least 65% of policies completed in the first year remain active by the end of the corresponding month in the second year)
• Third Year: ₹5,000 per month (provided at least 65% of policies completed in the second year remain active by the end of the corresponding month in the third year)

Additionally, agents are entitled to the First-Year Commission earned from policies:

• Target: At least 24 policies in a year.
• Minimum First-Year Commission: ₹48,000 (excluding bonus commission).

Eligibility Criteria

To apply under the LIC Bima Sakhi MCA Scheme, candidates must meet the following criteria:

1. Gender: Only women candidates are eligible.
2. Age: Minimum 18 years; maximum 70 years (at the time of entry).
3. Educational Qualification: Minimum 10th standard passed.
4. Residency: Must be an Indian citizen with valid residence proof.
5. Performance: Must complete the minimum target of 24 policies annually.
6. Relatives Restriction: Relatives of existing LIC employees or agents are not eligible (relatives include spouse, children including adopted/stepchildren, parents, siblings, and in-laws).
7. Not Eligible:
   • Retired employees of LIC
   • Reappointed former agents
   • Existing agents

Reservation Policy

The LIC MCA scheme is exclusively for women, hence it serves as a special reservation program for female candidates. It is designed to enhance women’s participation in the insurance sector. However, there is no separate caste-based or community-based reservation mentioned for this scheme.

Distribution of Benefit

• Benefits are distributed monthly in the form of a stipend transferred directly to the candidate’s bank account.
• Commissions earned are paid as per LIC’s commission structure.
• The stipend is conditional on meeting yearly performance norms (policy targets and persistency requirements).

Application Process (Step by Step)

Interested candidates can apply for the LIC Bima Sakhi MCA Scheme by following these steps:

Step 1: Collect Application Form

• Visit the nearest LIC office to obtain the official application form.

Step 2: Fill the Application Form

• Fill in personal details including name, age, address, and educational qualifications.
• Attach a recent passport-size photograph.

Step 3: Attach Required Documents

• Self-attested copy of age proof (birth certificate, Aadhaar, or 10th certificate).
• Self-attested copy of residence proof (Aadhaar card, voter ID, ration card, etc.).
• Self-attested copy of educational qualification certificate (minimum 10th pass).
• Bank account details (first page of passbook or cancelled cheque).

Step 4: Submit Application

• Submit the completed application form and documents at the LIC office.

Step 5: Verification Process

• LIC officials verify all documents and eligibility.
• Shortlisted candidates may be called for orientation or briefing sessions.

Step 6: Appointment as MCA

• On successful verification, candidates are enrolled as Mahila Career Agents (MCA) under LIC.
• Candidates receive training and guidelines for their roles.

Renewal Policy

The scheme runs for three years. Renewal is performance-based:

• Second Year Stipend: Provided only if at least 65% of policies completed in the first year remain active.
• Third Year Stipend: Provided only if at least 65% of policies completed in the second year remain active.

Withdraw or Disqualification Conditions

The MCA stipend and appointment may be withdrawn under the following conditions:

1. If the agent fails to meet the minimum performance criteria (24 policies per year and 65% persistency).
2. If false or incomplete information is found in the application.
3. If the candidate is found to be a relative of an existing LIC agent or employee.
4. If the candidate is already working as an LIC agent.
5. If documents are found to be invalid or fraudulent.

Documents Required

1. Passport-size photograph.
2. Age proof (Aadhaar, Birth Certificate, 10th Marksheet).
3. Address proof (Voter ID, Aadhaar, Ration Card).
4. Educational Qualification Certificate (minimum 10th pass).
5. Bank account details (passbook copy or cancelled cheque).
6. Self-declaration form.