Flagship Product · Live in India
Plutas Insure: AI-powered parametric climate insurance
The engine behind parametric climate insurance in India. Automated, weather-triggered payouts for floods, cyclones, heatwaves, droughts and heavy rainfall. No paperwork, no surveyors, no unnecessary delays.
The basics
What is parametric insurance?
Protection that pays when a predefined climate event reaches an agreed trigger.
Traditional insurance
“What did you lose?”
- Event happens
- Claim is filed
- Loss is assessed
- Documents are verified
- Payout is made
The process can take weeks or even months.
Parametric insurance
“Did the event happen?”
- Event happens
- Trigger is reached
- Payout is activated
- You get paid
Payouts can happen near real-time.
Key difference
Traditional insurance measures your loss.Parametric insurance measures the event.
Common climate events
- Rain
- Heat
- Continuous Rain
- Cyclone
- Drought
- Flood
From policy purchase to payout in 3 steps
Plutas Insure converts climate-risk protection from a conventional claims-heavy process into a digitally configured, data-triggered insurance journey. One infrastructure. Multiple protection journeys.
Design your policy in minutes
Choose your location / PIN code, industry, profession, climate peril, coverage period, sum insured, trigger / strike point and applicable coverage model.
- Location / PIN code
- Industry & profession
- Climate peril
- Coverage period & sum insured
- Trigger / strike point
Real-time climate monitoring
The selected policy parameters are continuously evaluated against relevant climate and weather data from sources including IMD, ERA5 and historical climate datasets.
- IMD rainfall data
- ERA5 temperature data
- Historical climate datasets
- Continuous parameter evaluation
Trigger verified. Payout released.
When the predefined objective trigger is breached and validated through the applicable data source, the policy's payout mechanism is activated. No traditional loss survey, no claim-form-heavy process.
- Automated trigger validation
- No surveyor assessment
- Digital claims workflow
- Payout mechanism activated
Parametric insurance for every climate risk
Different climate risks require different triggers. Plutas Insure's configurable peril architecture allows protection to be designed around the event, threshold and exposure that matter.
Coverage by sector
Built for every climate-exposed sector
Climate risk does not stop at agriculture. It affects income, operations, infrastructure, logistics, property and business continuity across the economy.
Availability depends on the applicable product, insurer, geography and underwriting configuration.
Live with Bajaj General Insurance
Plutas Insure operates in partnership with Bajaj General Insurance, enabling climate-risk insurance products through a live insurance deployment.
ClimateSafe is the live product powered by the Plutas Insure infrastructure. It is available across India, serving farmers, gig workers, SMEs and other climate-exposed segments.