India Introduces Heat-Triggered Insurance for Workers
A new insurance scheme in India offers financial relief to workers, allowing them to stay home when extreme heat makes working conditions dangerous. This initiative aims to provide some protection and income stability during deadly heatwaves.
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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, so she can stay home without jeopardising her finances. The “parametric” model pays out automatically when specific triggers are breached, in Solanki’s case after two consecutive days at 43.72 degrees Celsius (110 degr...
By Agence France-Presse
Read full article →In India, heat-triggered insurance offers 'some relief'
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, so she can stay home without jeopardising her finances. The “parametric” model pays out automatically when specific triggers are breached, in Solanki’s case after two consecutive days at 43.72 degrees Celsius. The payo...
By [email protected] (AFP)
Read full article →Coverage Timeline
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