Financial protection against
floods, cyclones, storms,
heavy rain, heatwaves & more.
PARAMETRIC INSURANCE
Your Payout Shouldn’t
Wait When
Climate Strikes
Plutas is a climate-tech firm building parametric insurance infrastructure and climate risk intelligence solutions. Our flagship product, Plutas Insure, delivers automated weather-triggered payouts for floods, cyclones, heatwaves, droughts, heavy rainfall, and other climate events.
The Basics:
What is Parametric Insurance?
Also called index-based insurance, parametric insurance pays out a pre-agreed payout automatically when a defined real-world parameter crosses a set threshold (such as rainfall volume or temperature).
Traditional insurance compensates you after you prove your loss.
Under parametric insurance, when you buy a policy, you agree on an objective trigger upfront. If live data from a trusted source, like the India Meteorological Department (IMD) or ERA5, confirms the trigger was breached, your payout is released automatically to your account.
Climate risks faced by Indians
Increase in climate related disasters in India (last 20 yrs)
63M+
Quick payout after trigger validation
More extreme rainfall events in major cities
~24 hrs
Instant policy issuance against PIN codes
Protection that spans PIN codes across India
19K+
Want to learn exactly how it helps?
Explore how parametric insurance can help
₹600
How It Works
From Policy Purchase to Payout in 3 Steps
01
Design Your Policy in Minutes
Choose your PIN code, coverage period, weather risk, sum insured, and Strike Point. Get your policy issued online instantly with coverage active in as quick as 5 minutes.
02
Real-time Climate Monitoring
Daily weather data from IMD (rainfall) and ERA5 (temperature) across 5,000+ grid cells are continuously analysed. Your policy parameters are compared against live data around the clock.
03
Instant Claim Payout Released
Once verified with official IMD or ERA5 data, payouts are sent directly to your account. Get a zero-hassle process where no claim forms, surveys, or paperwork are required.
Parametric Insurance Built for Every Climate Risk
Effective climate risk management starts with the right financial protection. Whether the threat is a cloudburst over a paddy field, a heatwave shutting down a construction site, or a cyclone battering a coastal fishery, each exposure deserves a policy built precisely for it.
Plutas delivers natural disaster financial protection and climate resilience solutions across India's full spectrum of weather risk.
Parametric Rain Insurance
Broad coverage against heavy rainfall, rainfall deficits, and unseasonal rain for any individual or business exposed to India's growing weather volatility.
Parametric Cyclone Insurance
Automatic payouts triggered by wind-speed and rainfall data when cyclones damage assets, disrupt operations, or cause business interruption losses.
Parametric Heatwave Insurance
Triggered by ERA5 temperature data when extreme heat disrupts outdoor work, reduces productivity, or halts operations entirely.
Parametric Coldwave Insurance
Automatic payouts triggered by ERA5 data when coldwave conditions disrupt operations, damage crops, or reduce workforce productivity.
Comprehensive Protection for a Changing Climate
Climate risks are evolving faster than ever. Our climate weather insurance solutions are designed to help businesses, assets, and operations stay financially protected against unpredictable environmental disruptions. From floods and cyclones to heatwaves and extreme rainfall, we provide reliable coverage that helps minimize financial losses and ensures faster recovery when disasters strike. With flexible plans, quick claim support, and trusted protection, we help you stay prepared for an uncertain climate future.
Why Parametric? Parametric vs Traditional Insurance
India's traditional insurance system was built for a different era. Slow claims, paper trails, and adjuster visits that leave the most vulnerable waiting the longest are common, and also why many do not place their faith in traditional insurance. Parametric insurance delivers instant claim payout and quick claim settlements by replacing subjective adjuster decisions with objective weather data. It is fast-track claims insurance built for the speed and frequency of today's climate events.
Feature | Traditional Insurance | Parametric Insurance (by Plutas) |
|---|---|---|
Payout trigger | Manual damage assessment by a field adjuster | Objective weather data threshold; no surveyor visit needed |
Payout speed | Weeks to months after claim submission | Automatic, within ~24 hours of trigger validation |
Claims process | Forms, documentation, and site visits required | Fully automated zero-documentation insurance claim, paperless settlement |
Settlement speed | Weeks to months; no fast-track option | Instant claim payout, no waiting period after trigger |
Pricing model | Blanket rates with cross-subsidies | AI-optimized, hyperlocal pricing at PIN code level |
Coverage flexibility | Fixed annual products, rigid terms | Modular: 1-365 days, custom perils and sum insured |
Minimum policy | Expensive annual premiums, high entry barrier | Based on your weather peril and trigger |
Transparency | Opaque adjuster decisions, dispute-prone | Objective, data-verified system that leaves no room for disputes |
Parametric Insurance By Sector
Gig Workers
Daily income protection for delivery riders, auto drivers, and platform workers.
Farmers
Fast payouts for crop loss due to flood, drought, rain, or heat.
Homeowners
Quick flood, storm, or heatwave relief for homes without surveys.
SMEs
Revenue cover for weather shutdowns with ~24-hour payouts.
Construction Projects
Cover project delays and downtime from heat or rain.
Event Organizers
Cover event cancellations and postponements from rain, heat, or floods.
Energy Farms
Revenue protection from weather-led production shutdowns.
Real Estate Owners
Flood risk and heat-loss cover for properties using trigger data.
Aquaculture
Cover fish yield losses from high temperatures and extreme rainfall.
AI-Powered Climate Risk Management Insurance
The Technology
Plutas offers an AI-powered insurance platform, Plutas Insure, that uses 30+ years of historical weather data combined with real-time inputs to price risk at the individual PIN code level. No blanket rates. No cross-subsidies.
Our climate resilience solutions are built on the same data infrastructure used by insurers, lenders, and governments to model climate change financial risk as an instant, modular insurance product.
You pay for precisely the risk you face, and nothing more.
1.
Nationwide data coverage
5K+ IMD grids & 19K+ PINs, live daily.
2.
AI Risk & Climate Models
30Y IMD+ERA5 AI climate trigger pricing.
3.
100% cloud-native platform
Buy, track & claim climate cover online.
4.
Automated Claims Processing
IMD & ERA5 triggers, instant zero-doc claims.
TRUSTED BY
Turning Weather Intelligence Into Financial Protection
Plutas transforms weather intelligence into real-world financial protection through their AI-powered parametric insurance platform, Plutas Insure, which is engineered for accuracy, automation, and speed. Designed to support climate resilience across geographies, the platform combines artificial intelligence, climate science, and real-time weather monitoring to replace traditional claim-based insurance processes with data-driven weather triggers that activate coverage automatically when predefined conditions are met.
While currently deployed in India, the underlying framework can be adapted to local climate risks, weather datasets, regulatory requirements, and insurance markets worldwide. This technology-led model removes the delays, uncertainty, and complexity associated with manual claim assessments, enabling faster and more transparent climate protection for individuals and businesses regardless of location.
Whether the risk comes from cyclones, heatwaves, excessive rainfall, droughts, or other extreme weather events, every policy is structured around measurable environmental data and scientifically modeled climate exposure. Built for regional customization and global scalability, Plutas delivers efficient, responsive, and data-driven climate insurance solutions for an increasingly unpredictable world.
FAQs
Frequently asked questions
Financial protection against floods, cyclones, storms,
heavy rain, heatwaves & more.
Parametric insurance is a key tool in climate risk management because it converts unpredictable weather exposure into a predictable financial instrument. Rather than absorbing the full cost of a climate event, businesses can transfer that risk to a parametric policy with a defined payout trigger. When the trigger is breached, the payout provides immediate working capital. This turns climate change financial risk into a managed, budgeted liability rather than an unplanned loss.
Plutas Insure covers floods, heatwaves, heavy rainfall, and other extreme weather events. You select the weather perils most relevant to your risk exposure at the time of policy purchase. Our service pages detail the specific triggers available per the audience and geography.
Premiums are calculated using AI-powered climate risk modeling that analyses 30+ years of historical IMD and ERA5 weather data specific to your PIN code. The model calculates the exact probability of a trigger event occurring during your selected coverage window. Pricing is hyperlocal and risk-profile specific, instead of being a blanket rate.
Of course. You self-select your risk location (down to PIN code), coverage window (1 to 365 days), the specific weather peril, and your sum insured. You are free to define the Strike Point (the weather threshold that triggers your payout) and the Exit Point (which represents the maximum payout level). Policies can be purchased multiple times during the year, making it easy to protect yourself only during the periods of highest risk.