Extreme heat triggers novel payout for 50,000 women in India

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LONDON: A group of 50,000 self-employed women in India have become the first beneficiaries of a novel insurance scheme that pays out when temperatures hit certain extremes. As the tempe

A woman covers her child with a scarf to protect them from the heat on a road during a hot summer day in Bhubaneswar, India, on May 3, 2024. LONDON: A group of 50,000 self-employed women in India have become the first beneficiaries of a novel insurance scheme that pays out when

"This is the first time that insurance payouts and a direct cash assistance programme have been combined to supplement the income of women when it's dangerously hot," said Kathy Baughman McLeod, CEO of non-profit Climate Resilience for All, which designed the insurance scheme along with India's Self-Employed Women's Association .

 

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