Kerala Cabinet Approves Group Insurance Scheme for Houses Affected by Natural Disasters

The Kerala Cabinet approved a comprehensive group insurance scheme to financially protect houses damaged by natural disasters, aiming to reduce the state's recurring disaster-related expenses. The scheme, to be implemented through the State Insurance Department, combines parametric insurance—providing immediate compensation based on disaster indicators—and indemnity insurance for below-poverty-line families. Funding will come equally from the State Consolidated Fund and the Chief Minister's Distress Relief Fund, with detailed planning involving multiple state departments underway.