Infrastructure
A road construction contractor in Uttar Pradesh purchased an index infrastructure insurance protection to cover increase in project costs due to heavy rainfall that halts construction activities
Who Can Benefit
- Construction Companies
- Government Bodies and Municipalities
- Infrastructure Operators and Owners
- Public-Private Partnership (PPP) Projects
- Real Estate Developers
Earthquake
Cyclone
Flood
Sample Policy
A road construction contractor in Uttar Pradesh purchased an index infrastructure cover to protect against increased project costs due to heavy rainfall that halts construction.
Coverage Terms
POLICYHOLDERRoad Construction Contractor
LOCATIONGhatampur, Kanpur Nagar, Uttar Pradesh
DATA SOURCE: 1Total Precipitation, ECMWF ERA-5 Land (Geo Reference: 26.4°N 79.8°E)
DATA SOURCE: 2IMD Gridded Rainfall Data (Geo reference: 24.5°N 84.5°E)
PAYOUT BASED ONCumulative Rainfall for a Day
COVERAGE PERIOD1st March to 30th September
PAYOUT LEVEL 1Rainfall for a Day > 25mm pays ₹1,00,000
PAYOUT LEVEL 2Rainfall for a Day > 50mm pays ₹2,50,000
PAYOUT LEVEL 3Rainfall for a Day > 100mm pays ₹5,00,000
MAXIMUM PAYOUT₹ 50,00,000
Payout Sheet
For illustration purposes, a sample of one cover is presented below. Generally, covers using multiple indices are offered for comprehensive coverage.
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