LIC’s 'Bima Sakhi' Empowers Women, Strengthens Insurance Coverage: FM

In Lok Sabha Finance Minister Nirmala Sitharaman highlighted the impact of LIC’s Bima Sakhi initiative, launched by Prime Minister Narendra Modi in December 2024. She said close to two lakh women have been trained and deployed as insurance agents under the scheme, helping expand insurance coverage across households, especially among women who are often excluded from the protection net. The Finance Minister stressed that the government values the contribution of India’s 14 lakh insurance agents and is committed to protecting their livelihoods. She reiterated that all policy measures will strengthen agents’ roles in last-mile insurance delivery. Sitharaman added that LIC will be granted greater operational autonomy to enhance efficiency and outreach.