Climate Safe Insurance: It is the monsoon season and heavy rains can affect people in many ways. Heavy rains can cause loss of income that can last for days, weeks or even months. Climate Safe is a policy from Bajaj Allianz General Insurance to mitigate the losses caused by climate change.

Climate Safe: Features and Benefits

The Climate Safe policy provides coverage against prolonged rains, accidents due to excessive rain, loss of income of daily wage workers due to severe weather, damage to household appliances due to floods and heat waves, loss of sales due to severe weather, delays in the supply chain due to floods, increased cost of living due to high electricity consumption, unexpected travel expenses, etc. This insurance can be purchased multiple times a year. Insurance settlements are fully automatic.

The customer does not need to inform about the claim and the automatic claim will be processed within seven days. This policy is specially designed to meet the needs of retail customers, office commuters, auto/taxi drivers, retail shop owners, delivery agents, home service professionals, gig workers, homeowners, and those who face weather-related loss of income or increased expenses due to weather-related risks including extreme heat, waves, and excessive rainfall.

The insurer analyzes weather models and various risk factors to determine the likelihood and impact of extreme weather events in climate-prone areas. Based on the assessed risk, the insurer will calculate the premiums to be paid by the policyholders to avail the coverage.

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