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February 24, 2026, 01:23 PM - 3 min read
In a first-of-its-kind initiative, the Cabinet cleared an Accident Insurance Scheme covering all serving government employees and pensioners without requiring any premium payment from beneficiaries. Under the scheme, Rs 1.20 crore will be paid as compensation in the event of accidental death. Additionally, term insurance coverage of Rs 10 lakh will be provided in case of natural death up to the age of 60.
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