LIC's Bima Sakhi Yojana: Empowering Women in the Insurance Sector
| Key Point | Details |
|---|---|
| Why in News | PM Narendra Modi launched LIC's Bima Sakhi Yojana in Panipat, Haryana. |
| Scheme Name | Bima Sakhi Yojana |
| Eligibility | Women aged 18-70, minimum 10th-grade education |
| First-Year Target | 100,000 women |
| Three-Year Target | 200,000 women |
| Training Period | 3 years |
| Stipend Details | ₹7,000 (1st year), ₹6,000 (2nd year), ₹5,000 (3rd year) |
| Expected Monthly Income | ₹15,000 (average for LIC agents) |
| Investment by LIC | ₹840 crores in the first year |
| Launch Location | Panipat, Haryana |
| Purpose | Expand insurance penetration, provide social security, and empower women financially. |
| Key LIC Officer | Chairman Siddhartha Mohanty |
| State Info (Haryana) | CM: Nayab Singh Saini; Governor: Bandaru Dattatreya; Capital: Chandigarh |
| LIC Market Share Growth | April-Sept 2024: Increased from 58.50% to 61.07% |