Question of the Day – Bima Sakhi Yojna
QOTD April 23,2026
Consider the following statements regarding Bima Sakhi Yojana
- It aims to promote women’s participation in the insurance sector
- It is implemented by the Life Insurance Corporation of India
- It focuses only on providing health insurance to urban populations
Which of the above statements are correct
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: (a) 1 and 2 only
Explanation:
Statement 1 is correct
The scheme is designed to empower women by engaging them as insurance agents or facilitators
Statement 2 is correct
It is implemented by LIC to expand insurance outreach
Statement 3 is incorrect
The scheme is not limited to urban areas or only health insurance but covers broader insurance awareness and inclusion
Why in news–
The Bima Sakhi Yojana has recently gained attention as part of efforts to enhance financial inclusion and women’s empowerment in India. The scheme aims to involve women as insurance facilitators at the grassroots level, improving awareness and penetration of social security schemes, especially in rural and semi urban areas.
News-PM Modi launches LIC’s ‘Bima Sakhi Yojana’
There are more questions from this topic that you should practice to make your concepts stronger.
Practice Questions (PQ)
PQ1.Consider the following statements
- Bima Sakhi Yojana contributes to financial inclusion
- It restricts participation only to women from metropolitan cities
- It helps increase awareness about insurance products
Which of the statements are correct
(a) 1 and 3 only
(b) 2 and 3 only
(c) 1 and 2 only
(d) 1, 2 and 3
Answer : (a) 1 and 3 only
Explanation:
Statement 1 is correct
By involving women in insurance outreach it strengthens financial inclusion
Statement 2 is incorrect
The scheme mainly targets rural and semi urban women
Statement 3 is correct
Awareness generation is a key objective
PQ2. Consider the following statements regarding insurance penetration in India
- Low awareness is a major challenge in rural areas
- Women led initiatives can improve outreach
- Insurance schemes are irrelevant for social security
Which of the statements are correct
(a) 1 and 2 only
(b) 1 and 3 only
(c) 2 and 3 only
(d) 1, 2 and 3
Answer: (a) 1 and 2 only
Explanation:
Statement 1 is correct
Lack of awareness limits insurance coverage in rural India
Statement 2 is correct
Women facilitators can effectively connect with communities
Statement 3 is incorrect
Insurance is a key pillar of social security
PQ3.Consider the following statements
- Financial literacy is essential for effective implementation of insurance schemes
- Grassroots participation improves scheme outreach
- Insurance penetration in India is already universal
Which of the statements are correct
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: (a) 1 and 2 only
Explanation:
Statement 1 is correct
Financial literacy helps individuals understand and utilize insurance products
Statement 2 is correct
Local participation increases trust and accessibility
Statement 3 is incorrect
Insurance penetration in India is still developing and not universal
Previous Year Question (UPSC Prelims)
Consider the following statements regarding financial inclusion initiatives in India
- Self Help Groups play a role in promoting financial inclusion
- Micro insurance is aimed at low income populations
- Financial inclusion only refers to access to banking services
Which of the statements are correct
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
Answer: (a) 1 and 2 only
Explanation:
Statement 1 is correct
SHGs have been instrumental in expanding financial access at the grassroots level
Statement 2 is correct
Micro insurance targets economically weaker sections
Statement 3 is incorrect
Financial inclusion includes banking insurance credit and financial literacy not just banking access
