Insurance helped 46,000 women avoid deadly work during heat waves in India

Quick Summary:

More than 46,000 women across 22 districts in India were paid $340,000 in total over last month’s heat waves.

Typical insurance programmes work because a fraction of the population that pays a premium asks for a payout in any given year.

Makwana’s insurance payout was Rs.750 ($9), enough to cover food and medication for a few days.(That sum came on top of a separate charity payout of Rs.400 when the temperature breached 40C the first time.

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Article Details

Category: BusinessFinance

Markets: IndiaOman

Topics: Heatwave Insurance ICICI Lombard Insurance claims Rural women Heatwave in India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-12 @ 10:38:11 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 728 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21234633

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