Goa Launches Bima Sakhi Yojana for Women

January 10, 2025

The Bima Sakhi Yojana was recently launched in Goa, aiming to provide insurance access to all citizens. This initiative follows the successful launch in Haryana and is part of a broader vision by Prime Minister Narendra Modi. The scheme focuses on empowering women, particularly those aged 18 to 70, who have completed at least Class X education. It aims to enhance financial literacy and insurance awareness among women while increasing life insurance coverage at the grassroots level.

Scheme Overview

The Bima Sakhi Yojana is designed to empower women by training them to become LIC agents. Women who qualify will receive specialised training and a stipend for the first three years. The initiative seeks to create a network of female agents who can promote life insurance in their communities. The government’s goal is to achieve “insurance for all” through this programme.

Eligibility Criteria

To be eligible for the Bima Sakhi Yojana, applicants must meet specific criteria. Women aged between 18 and 70 years are eligible. They must have completed their Class X education. This allows for a diverse group of women to participate, including those who may have previously been excluded from financial sectors.

Training and Stipend

Participants in the Bima Sakhi Yojana will undergo comprehensive training. The training will equip them with the necessary skills to sell insurance policies. During the training period, Bima Sakhis will receive a monthly stipend. The stipend structure is Rs 7,000 for the first year, Rs 6,000 for the second year, and Rs 5,000 for the third year. Over three years, each participant can earn a total of Rs 2.16 lakh.

Role of Bima Sakhis

Bima Sakhis will play important role in promoting life insurance. They will not only sell policies but also educate their communities about the importance of insurance. This initiative aims to create mass awareness about life insurance among the residents of Goa. The government emphasises the significance of expanding the insurance sector through the efforts of these women.

Future Aspirations

LIC aims to recruit 200,000 Bima Sakhis over the next three years. The goal is to ensure that each panchayat in India has at least one Bima Sakhi within a year. This expansion will help in reaching more people and providing them with insurance coverage. The initiative is part of the larger vision of Viksit Bharat 2047, which aims for a developed India.

Bima Sakhi Yojana aims to empower women financially.
Over 52,511 registrations occurred within a month of launch.
Each Bima Sakhi can earn commissions on policies sold.
The scheme targets women aged 18-70 with Class X education.
LIC plans to cover every panchayat with a Bima Sakhi.

Impact on Communities

The Bima Sakhi Yojana is expected to have impact on local communities. By empowering women, the scheme promotes gender equality and economic independence. The initiative also aims to increase the overall insurance penetration in Goa. By creating awareness, the government hopes to change perceptions about life insurance among the populace.

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