<h1>Government launches Rs 1 crore insurance scheme for employees under MoU, first claim paid for accidental death</h1> A government entity implemented an insurance scheme for its employees holding accounts with a national bank, providing life, accident, and health coverage. Under the scheme, families of employees who die in accidents, suffer permanent disability, or paralysis receive a compensation of Rs 1 crore. The scheme was formalized through a memorandum of understanding in October 2023 and aims to offer financial protection and support to employees' families during crises. The first claim under this policy, amounting to Rs 1.15 crore, was recently paid to the family of an employee who died in an accident. Officials plan to replicate this model in other regions to extend similar benefits to more employees.