Rs. 10L insurance for every SHG woman: Minister Seethakka

Under the Accident Insurance Scheme, each female member of the Self-Help Group (SHG) receives an insurance coverage of Rs. 10 lakh in cases of accidental death. Since the inception of this insurance scheme in 2024, a total of 231 claims have been settled, amounting to Rs. 23.1 crore disbursed to beneficiary families. 

Seethakka,

Minister for Panchayati Raj, Rural Development and Women and Child Welfare, Govt of Telangana  

Hyderabad: Minister for Panchayati Raj, Rural Development and Women and Child Welfare Seethakka announced that under the Accident Insurance Scheme, each female member of the Self-Help Group (SHG) receives an insurance coverage of Rs. 10 lakh in cases of accidental death. Since the inception of this insurance scheme in 2024, a total of 231 claims have been settled, amounting to Rs. 23.1 crore disbursed to beneficiary families.

The Minister remarked that this initiative offers significant financial relief to SHG families, mitigating the impact of unforeseen accidents.

In addition, through the loan insurance scheme, insurance coverage of up to Rs. 2 lakh is extended to outstanding loans incurred by female group members from banks. To date, 2,993 claims have been processed, resulting in a total payout of Rs. 223.7 crore by the government, she noted.

Seethakka further stated that numerous women's groups have regained their vitality following the implementation of both the loan insurance and accident insurance schemes. She observed that new members are joining the groups, empowering women to confidently expand their businesses with the security provided by insurance.

The Minister emphasised that the State government remains steadfast in its commitment to women's empowerment, asserting that the advancement of women constitutes the cornerstone of the state's overall development.