Benefits triggered by measured weather conditions rather than individual loss assessment.
What this type of cover does
Pays according to the index and thresholds stated in the policy, such as rainfall or temperature at a reference station.
Who commonly considers it
Farmers and agribusinesses exposed to measurable weather risk.
What to check in the policy
Registered name and IRDAI registration details of the insurer or intermediary
Who is insured, when cover starts and when it ends
Sum insured or benefit amount, deductibles, co-payments and sub-limits
Waiting periods, exclusions, claim conditions and cancellation terms
Premium amount, taxes, renewal rules and consequences of missed payment
Claim contact details and the insurer’s grievance-redressal process
Features vary by insurer and product. A generic plan type cannot tell you whether a particular claim will be paid; only the issued policy wording can do that.
