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Opinion News

The Economic Times

Opinion / The Economic Times

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Catch 'em before they fall: India's new climate safety net

Indian cities face a dual threat of extreme heat and torrential monsoons, severely impacting informal workers. Traditional insurance and government aid are insufficient, leaving millions unprotected. Parametric insurance, triggered by verifiable weather data, offers a swift solution. Pioneered by SEWA and now adopted by initiatives covering construction and other workers, it provides immediate financial relief, bolstering operational resilience for businesses and safeguarding livelihoods.

30 Jun 2026 11:34 pm