Kerala Budget 2026-27 Announces Life, Accident Insurance Scheme For School Children
Thiruvananthapuram : Members of Kerala’s Green Army (Haritha Karma Sena), autorickshaw, taxi and lottery workers and school children will soon be covered by accident and life insurance under new initiatives announced in Kerala’s 2026-27 budget. Finance Minister KN Balagopal said the schemes, which will be implemented jointly with the State Insurance Department and supported by government assistance, will also cover workers in the unorganized labor sector and provide a wider safety net for those often excluded from formal insurance protection.
Necessary arrangements have been made, including allocation of 15 crore rupees to provide life or accident insurance cover to students studying from class 1 to class 12, he said.
“An annual amount of 15 million rupees is expected for the project and the same amount is allocated for this as well,” the minister said.
The minister also said that a revamped version of Medisep, the health insurance scheme for nearly 11 lakh government employees and retirees in Kerala, will come into force from February 1, providing cashless insurance services without any age and medical check-up barriers.
He said Medisep 2.0 will have more packages and hospitals.
The minister also said that an insurance scheme on the Medisep model will be formulated for employees and retirees of public sector undertakings and cooperative institutions in the state.
In addition, the member of the social assistance board said that health insurance will be implemented with very affordable premiums for autorickshaw and taxi workers.
The minister also said that the government is considering introducing a new health insurance scheme for families who are not covered by the Karunya Arogya Suraksha Scheme, which provides free treatment to 42 lakh families in the state.
“This insurance scheme, which you can join by paying a relatively small amount, will be implemented in the budget year. Rs 50 million has been allocated in the budget for the scheme,” he said.
The minister also added that Rs 10 million has been allocated for the group insurance scheme for all fishermen in the state.
