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Innovative Insurance Scheme Supports 50,000 Indian Women During Extreme Heat

Parametric insurance payouts and direct cash assistance help women cope with dangerous temperatures and economic hardship.

In this photo taken on May 26, 2024, villagers carry water pots in Shahapur district of India's Maharashtra state, amid ongoing heatwave. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images)
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Overview

  • The insurance program, designed by Climate Resilience for All and SEWA, pays out when temperatures exceed 40°C.
  • Over $340,000 has been distributed to more than 46,000 women across 22 districts in India.
  • Recipients use the funds to cover essential needs such as food and medical expenses.
  • The initiative aims to expand to more regions in India and other countries facing similar climate challenges.
  • This program is a pioneering effort to provide financial resilience to vulnerable communities affected by climate change.