Women are playing a growing role in Life Insurance Corporation of India’s business, with policy purchases by women crossing a major milestone in FY25. The trend reflects rising employment, stronger financial awareness, and wider participation of women in insurance related roles across the country.
R Doraiswamy, Managing Director and Chief Executive Officer of LIC, said the insurer is seeing clear regional patterns where women are more active buyers of insurance. Speaking in an interview with a news outlet, he said states with higher levels of women’s employment and empowerment show much stronger participation. “Whether it is a family or an individual income earner, states where women empowerment or even employment is at a higher level, particularly in sectors like IT where there are a good number of women employees, the participation of women in insurance is much higher in those states,” he said.
Data from LIC shows that during FY25, women purchased 65.37 lakh policies out of a total 177.83 lakh policies sold. This gives women a share of over 35% of total policy sales. In 15 states and Union Territories, the share of policies bought by women was higher than the all India average of 34.2%. Doraiswamy highlighted states such as Karnataka and Maharashtra, along with parts of the Northeast, where higher female employment, especially in information technology, is driving insurance adoption. He said women now see insurance not only as protection but also as part of a wider financial portfolio.
The growing number of women agents is also supporting this shift. Of the 10.75 lakh women agents across the insurance industry, around 46.14% are linked to LIC. Doraiswamy said women agents often build stronger trust with female customers, encouraging wider adoption within families. This trend comes as LIC adjusts to regulatory driven product changes. For the 9 months ended December 2025, LIC reported a 16.68% year on year rise in profit after tax to Rs 33,998 crore. Value of New Business rose nearly 28%, supported by a higher share of non participating products and tighter cost controls, even as individual policy sales dipped slightly due to higher minimum ticket sizes.
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