Cyberabad civic body facilitates India’s first ₹20 lakh claim settlement for SHG member’s kin
The Cyberabad Municipal Corporation has facilitated the first national insurance claim settlement of ₹20 lakh under the Sehat Suraksha Policy. The payout was awarded to the family of a deceased street vendor who was an active member of a self-help group.
Why it matters
It demonstrates the practical impact of government-backed micro-insurance schemes on the financial security of low-income families.
The Cyberabad Municipal Corporation (CMC), in association with Indian Bank and Niva Bupa Health Insurance, facilitated the settlement of a ₹20-lakh insurance claim under the Sehat Suraksha Policy in Hyderabad on Tuesday.
According to the CMC, the settlement is the first ₹20-lakh claim in the country under the Sehat Suraksha Policy. The claim was settled in favour of Babburi Madhavi, wife of Babburi Raju, a street vendor and self-help group (SHG) member who died in a road accident.
Raju was covered under the Sehat Suraksha Policy through an SHG loan extended by Indian Bank’s Microstate Branch in Hyderabad, the civic body said.
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