What is Parametric Insurance?

Parametric Insurance is an innovative financial insurance policy that provides automatic payouts based on predefined parameters or triggers, such as weather conditions, natural disasters, or other measurable events, rather than traditional loss assessment.

This cutting-edge insurance policy uses objective data and indices to determine payouts, ensuring rapid claim settlement and transparent coverage. It covers weather-related risks, natural disasters, and other parametric triggers that can impact business operations and financial stability.

Whether you're in agriculture, energy, tourism, or any weather-sensitive industry, Elevate Insurance offers comprehensive parametric insurance policies with competitive premiums and instant payouts to protect your business from parametric risks.

Parametric Insurance Coverage

Comprehensive protection for businesses against parametric risks and index-based triggers.

  • Weather risk coverage
  • Natural disaster protection
  • Temperature index coverage
  • Rainfall protection
  • Wind speed coverage
  • Earthquake protection
  • Automatic payout coverage

Add-ons

  • Agriculture Index
  • Energy Index
  • Tourism Index
  • Commodity Index
  • Catastrophe Index
  • Revenue Index
  • Multi-Parametric

Benefits

  • Instant payouts
  • Transparent coverage
  • Expert support
  • Peace of mind
  • Comprehensive coverage
  • No loss assessment
  • Competitive premiums

Benefits of Parametric Insurance

Instant Payouts

Automatic payouts based on predefined parameters without lengthy loss assessment processes.

Transparent Coverage

Clear, objective parameters and transparent payout structures based on measurable data.

Weather Protection

Comprehensive protection against weather-related risks and natural disasters.

Expert Support

Access to experienced parametric insurance professionals and risk modeling experts.

Business Continuity

Ensures rapid recovery and business continuity with immediate financial support after parametric events.

Why You Need Parametric Insurance?

Parametric Insurance is essential for businesses exposed to weather and natural disaster risks. Here's why having comprehensive parametric insurance is crucial:

Instant Payouts

Get immediate payouts based on objective parameters without waiting for loss assessment.

Transparent Coverage

Clear, objective parameters and transparent payout structures based on measurable data.

Weather Protection

Comprehensive protection against weather-related risks and natural disasters.

Parametric Insurance Coverage Includes

Weather Risk

Protection against weather-related risks including temperature, rainfall, and wind speed variations.

Natural Disasters

Coverage for natural disasters including earthquakes, floods, and other catastrophic events.

Temperature Index

Protection against temperature variations that can impact business operations and revenue.

Rainfall Protection

Coverage for rainfall variations including drought and excessive rainfall conditions.

Wind Speed

Protection against wind speed variations and severe weather conditions.

Automatic Payouts

Automatic payout triggers based on predefined parameters without manual claim processing.

Parametric Insurance Add-ons

Agriculture Index

Specialized coverage for agricultural risks including crop yield and weather-related farming losses.

Energy Index

Coverage for energy sector risks including temperature-related demand variations.

Tourism Index

Protection for tourism industry risks including weather-related booking cancellations.

Commodity Index

Coverage for commodity price risks and market volatility protection.

Catastrophe Index

Protection against catastrophic events and large-scale natural disasters.

Revenue Index

Coverage based on revenue impact and business performance indicators.

Multi-Parametric

Combined coverage for multiple parameters and comprehensive risk protection.

Custom Parameters

Tailored coverage with custom parameters designed for specific business needs.

How to Buy Parametric Insurance Online?

The process of buying Parametric Insurance online is simple and convenient. Here's how you can get comprehensive index-based protection with us.

01

Share Risk Details

Provide information about your business risks, location, and parametric triggers to get accurate quotes.

02

Compare Parametric Plans

Review different Parametric Insurance plans and choose the one that best fits your risk protection needs.

03

Complete Purchase

Make secure online payment and receive your parametric insurance policy instantly via email.