Launch · Financial Services
Digit Insurance launches air quality index policy for workers
By Startup Enthusiast ·
- Date
- Company
- Digit Insurance
- What it does
- General insurance and financial products
- Kind
- Launch
- Sector
- Financial Services
What they do
Go Digit General Insurance Limited provides general insurance products across various categories in the Indian market
What happened
The firm has partnered with K.M
Why it matters
Dastur Reinsurance Brokers to launch an air quality index based parametric policy in Delhi NCR; this new offering provides compensation up to ₹6,000 for…
The details
- Digit Insurance has introduced an Air Quality Index based parametric insurance policy for construction workers in the Delhi NCR region.
- The firm partnered with K.M. Dastur Reinsurance Brokers to create this special coverage for migrant laborers.
- This product protects workers against wage loss when government or court orders halt construction due to hazardous smog levels.
- The plan offers financial compensation of up to ₹6,000 to roughly 6,200 construction workers.
- Payouts trigger automatically if the daily air quality reading exceeds 400 more than twice within a specific timeframe.
- A qualifying disruption requires three days of hazardous air within any five-day window, maintaining a 25-day gap between claims.
The bigger picture
- Severe air pollution frequently forces authorities to ban construction work, which instantly halts daily earnings for vulnerable laborers.
- The insurer previously rolled out a similar heat-focused parametric product for female workers in Gujarat during 2024.
The deal
- Type
- launch