ICICI Life plans to hire 20,000 women advisors
ICICI Life Insurance Limited aims to hire 20,000 women advisors across India by the end of the fiscal year 2027, according to a recent announcement. Currently, women make up around 32% of the company's total advisor base but account for 45% of its agency business. The recruitment drive, part of the company's Narishakti initiative, was launched on October 15 to mark Navratri. The initiative, now in its second year, offers training, flexible work schedules, and support to help women build careers as financial planners.
The company's chief distribution officer, Amish Banker, emphasized the importance of gender equality in the workplace, stating, "We firmly believe that 'Talent has no gender'." Women advisors in the company's network already contribute more than half of the agency business in key markets such as Bengaluru, Kerala, and Mumbai, according to the insurer.
As of September 30, 2026, ICICI Life Insurance had over 78,000 women advisors, with 47% having been with the company for more than a decade. More than 500 women advisors have also qualified for the Million Dollar Round Table (MDRT), a prestigious global association for top-performing life insurance agents and financial professionals.
Banker highlighted the diverse backgrounds of ICICI Life's women advisors, including homemakers, salaried professionals, and businesswomen. He attributed their success to their ability to understand customer needs, provide suitable solutions, and maintain long-term relationships. The planned recruitment is aimed at expanding the existing network of women advisors as the company seeks to strengthen its agency distribution business.
The Narishakti initiative, launched in 2024, seeks to empower women advisors by offering them the skills and support needed to excel in the insurance industry. Banker noted that Navratri provided an ideal opportunity to welcome more women advisors into the company's Narishakti force, equipping them with the capabilities to drive the government's vision of "Insurance for All" by 2047.
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