Kerala launches ‘Rakshakavacham’ accident insurance scheme for private sector workers

Minister for Labour V Sivankutty on Tuesday launched ‘Rakshakavacham,’ a new accident insurance scheme aimed at providing financial security to private sector workers in the state. Describing it as a “major labour welfare initiative,” Mr Sivankutty said the scheme would offer crucial protection to workers and their families during times of crisis. Inaugurating the scheme here, he said ‘Rakshakavacham’ would provide protection and assurance to lakhs of private sector workers, describing the labour force as the backbone of Kerala’s development.

Minister for Labour V Sivankutty on Tuesday launched ‘Rakshakavacham,’ a new accident insurance scheme aimed at providing financial security to private sector workers in the state.

Describing it as a “major labour welfare initiative,” Mr Sivankutty said the scheme would offer crucial protection to workers and their families during times of crisis.

Inaugurating the scheme here, he said ‘Rakshakavacham’ would provide protection and assurance to lakhs of private sector workers, describing the labour force as the backbone of Kerala’s development.

‘Rakshakavacham’ means “shield of protection.”

The Minister said the government had earlier implemented the Wage Security Scheme to ensure timely payment of wages, and at present, over 3.65 lakh establishments and more than 13 lakh workers are covered under the system.

“Beyond wage security, the government felt the need to support the family of a worker during times of crisis. It was from this concern that the ‘Rakshakavacham’ insurance scheme was conceived,” the Minister said.