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India launches heatwave insurance for vulnerable workers

By PulseAugur Editorial · [1 sources] ·

A new insurance program in India offers financial support to workers during extreme heatwaves. The "parametric" insurance pays out automatically when temperatures exceed a set threshold, allowing individuals like Sunita Solanki to stay home without losing income. This initiative aims to mitigate the economic impact of deadly heat, which caused an estimated 247 billion lost labor hours in India in 2024. AI

RANK_REASON Launch of a new insurance product addressing a significant societal and economic issue. [lever_c_demoted from significant: ic=1 ai=0.1]

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

India launches heatwave insurance for vulnerable workers

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Launch of a new insurance product addressing a significant societal and economic issue. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Agence France-Presse ·

    New insurance pays Indian workers to stay home when heat turns deadly

    Clothes seller Lata Solanki used to face a devastating choice when India’s summer heat hit dangerous levels: risk her health going door-to-door for sales, or lose her income? But now the 42-year-old is part of an insurance scheme that pays out when temperatures hit a threshold, s…

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