🟠 BIMA SAKHI YOJANA 🟠

✅Summary of the news
Key Point Details :

Why in News PM Narendra Modi launched LIC’s Bima Sakhi Yojana in Panipat, Haryana, targeting enrollment of 100,000 women in the first year and 200,000 within three years to empower women as LIC agents.

🔸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%

🔸FDI Context : 100% FDI allowed in the insurance sector