https://www.cnn.com/2024/06/12/business/india-heatwave-insurance-climate-intl-hnk/index.html



New Delhi
CNN
—
A one-of-its-kind insurance policy has started making payouts to tens of thousands of women across India to help them cope with the impact of extreme heat.

Fifty thousand women in 22 districts across the states of Rajasthan, Maharashtra and Gujarat received a $5 payments as temperatures topped 40 degrees Celsius (104 Fahrenheit) last month in several parts of the country.

“This is the first time that insurance payouts and a direct cash assistance program have been combined to supplement the income of women when it’s dangerously hot,” said Kathy Baughman McLeod, CEO of Climate Resilience for All, a not-for-profit organization that designed the insurance in partnership with India’s Self-Employed Women’s Association (SEWA), a trade union with nearly three million members.

From small farmers to casual laborers, many SEWA members depend on agriculture for their livelihoods, and that makes them particularly vulnerable to climate change. Indian women working in agriculture typically earn about 300 rupees ($3.60) per day.

Outdoor work in such extreme heat can lead to chronic rashes, dizziness, burns, infections, and miscarriage, according to Climate Resilience for All. Such high temperatures can also destroy crops or merchandise, which can have a debilitating impact on household debt for low-income families.

The insurance is underwritten by Swiss Re and provided locally by ICICI Lombard.