Bima Sakhi Yojana

11.12.2024

Bima Sakhi Yojana

Why in the news?                        

The Prime Minister of India recently launched the Bima Sakhi Yojana in Haryana's Panipat.

About Bima Sakhi Yojana:

• It is an initiative of the State-owned Life Insurance Corporation (LIC).
• It is designed to empower women aged 18-70 years who have passed out of Class 10.
• They will receive specialised training and a stipend for the first three years to promote financial literacy and insurance awareness.
• After training, they can serve as LIC agents and the graduate Bima Sakhis would have the opportunity to qualify for being considered for Development Officer roles in LIC.
• Women LIC agents will get a stipend of Rs. 7,000 per month for the first year, Rs. 6,000 per month in the second year, and Rs. 5,000 per month in the third year.
• Bima Sakhis will also get a commission of Rs 48,000 (excluding bonus) for the first year.
• The plan is to appoint two lakh Bima Sakhis over a period of three years.
• Relatives of existing agents and employees are not eligible for the scheme. Retired employees are also ineligible.

                                                                 Source: Business Today

Consider the following statements regarding the Bima Sakhi Yojana:

Statement-I:It is an initiative of the state-owned Life Insurance Corporation (LIC).

Statement-II :It intends to give health insurance to women falling below the poverty line.

Which one of the following is correct in respect of the above statements?

A.Both Statement-I and Statement-II are correct, and Statement-II is the correct explanation for Statement-I.

B.Both Statement-I and Statement-II are correct, and Statement-II is not the correct explanation for Statement-I.

C.Statement-I is correct, but Statement-II is incorrect.

D.Statement-I is incorrect, but Statement-II is correct.

Answer C