{"uin":"IRDAN134CPMS0003V01202526","name":"Parametric Assure","url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526","insurer":{"slug":"universal-sompo-general-insurance","name":"Universal Sompo General Insurance Company Limited","url":"https://indiainsurances.com/insurer/universal-sompo-general-insurance"},"line":"general","category":"other-general","category_name":"Other general insurance","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Parametric Assure covers economic activities impacted by extreme climatic conditions and natural calamities in India. Claims are automatically activated without insured intimation when agreed trigger parameters are breached, and settlement or rejection is within 30 days from receipt of all necessary data or documents.","analysis":{"state":"machine","analysed_at":"2026-10-20 06:32:14.228152+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"Flexi up to 1 year and multi-year policies, maximum up to 5 years.","display":"Flexi up to 1 year and multi-year policies (maximum up to 5 years)","note":"From the prospectus; the policy wording defines the actual risk start and end dates by the Policy Schedule/Certificate of Insurance.","quote":"Tenure – Flexi up to 1 year and multi-year policies (maximum up to 5 years).","sources":[{"clause":"7","heading":"Any other activity prone to risk of climatic conditions or natural calamities","page":1,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17802#c-7"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"No insured intimation is required. Once the trigger is confirmed and the data and computation logic are validated, the payout is automatically computed based on the pre-agreed term sheet parameters.","display":"No insured intimation required","note":null,"quote":"As this is parametric insurance, no insured intimation, field survey, or actual loss assessment is required. ... Once the system identifies a trigger breach and the data and computation logic are validated, the payout is automatically computed based on the pre-agreed term sheet parameters.","sources":[{"clause":"7.4","heading":"Automatic Claim Activation","page":10,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-7-4"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Trigger data report from the authorized source","Confirmation letter / certificate from the data provider (if required)","Policy copy and insured’s identification","Bank account confirmation / NEFT details for payment"],"display":"Trigger data report, confirmation letter/certificate if required, policy copy and identification, and bank/NEFT details","note":"The claim document list is indicative; the Company may relax or ask for more documents to assess the loss.","quote":"At the time of Claim -\ni) Trigger data report from the authorized source (e.g., IMD rainfall data, seismic data, wind speed, etc.)\nii) Confirmation letter / certificate from the data provider (if required)\niii) Policy copy and insured’s identification (to validate coverage)\niv) Bank account confirmation / NEFT details for payment ... The above list is indicative in nature, the Company at its discretion may relax or ask for more documents to assess the loss.","sources":[{"clause":"7.7","heading":"Claim Documentation","page":10,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-7-7"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"The Company will offer to settle the claim within 30 days from receipt of all necessary Data/Documents required for assessment. If it rejects a claim, it will do so within 30 days from receipt of all necessary documents; delayed settlement carries interest at 2% above the bank rate from receipt of the last relevant and necessary document until actual payment.","display":"Settlement or rejection within 30 days from receipt of necessary documents; delayed settlement earns 2% above bank rate","note":null,"quote":"The Company will offer to settle the claim under this Policy within 30 days from the date of receipt of all necessary Data/ Documents required for assessing the claim. ... In the event that the Company decides to reject a claim made under this Policy, the Company shall do so within a period of 30 days from the date of receipt of all necessary documents. ... In the event the claim is not settled within 30 days as stipulated above, the insurer shall be liable to pay interest at a rate, which is 2% above the bank rate from the date of receipt of last relevant and necessary document from the insured/claimant by insurer till the date of actual payment.","sources":[{"clause":"5.22","heading":"The Company will offer to settle the claim under this Policy within 30 days from the date","page":9,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-5-22"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Losses arising out of war, invasion, act of foreign enemies, hostilities or war-like operations, rebellion, revolution, insurrection, military or usurped power or civil commotion or loot or pillage in connection herewith.","Consequential loss of any kind or description unless specifically agreed by the insurer.","Any weather/ satellite parameter and/ or natural calamity or any other parameter not specifically covered under the policy.","Direct or consequential loss due to nuclear weapons material, ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.","Losses arising due to any other reasons which are not specifically included in the policy.","Any loss, damage, cost or expense caused by, resulting from, happening through, and arising out of or in connection with any act of terrorism.","Any specific exclusion which is mentioned on policy schedule."],"display":"War and similar events; consequential loss unless agreed; parameters or calamities not covered; nuclear/radioactivity; other reasons not included; terrorism; schedule exclusions","note":null,"quote":"4.1 Losses arising out of war, invasion, act of foreign enemies, hostilities or war-like ... operations, rebellion, revolution, insurrection, military or usurped power or civil commotion or loot or pillage in connection herewith. ... Consequential loss of any kind or description unless specifically agreed by the insurer. ... 4.3 Any weather/ satellite parameter and/ or natural calamity or any other parameter not ... specifically covered under the policy ... 4.4 Direct or consequential loss due to nuclear weapons material, ionizing radiation or ... contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel. ... Losses arising due to any other reasons which are not specifically included in the policy ... Any loss, damage, cost or expense of whatsoever nature directly or indirectly caused\nby, resulting from, happening through, and arising out of or in connection with any act of terrorism ... Any specific exclusion which is mentioned on policy schedule.","sources":[{"clause":"4.1","heading":"Losses arising out of war, invasion, act of foreign enemies, hostilities or war-like","page":5,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-4-1"},{"clause":"4.2","heading":null,"page":5,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-4-2"},{"clause":"4.3","heading":"Any weather/ satellite parameter and/ or natural calamity or any other parameter not","page":5,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-4-3"},{"clause":"4.4","heading":"Direct or consequential loss due to nuclear weapons material, ionizing radiation or","page":5,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-4-4"},{"clause":"4.5","heading":"Losses arising due to any other reasons which are not specifically included in the policy","page":6,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-4-5"},{"clause":"4.6","heading":"Any loss, damage, cost or expense of whatsoever nature directly or indirectly caused","page":6,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-4-6"},{"clause":"4.7","heading":null,"page":6,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-4-7"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First write to Customer Service, Universal Sompo General Insurance Co. Ltd., at grievance@universalsompo.com. You may visit a branch Grievance Redressal Officer, and if not satisfied with the decision or if no response is received, write or email Customer Service at GRO@universalsompo.com before approaching the Insurance Ombudsman.","display":"Write to Customer Service at grievance@universalsompo.com; then branch GRO or GRO@universalsompo.com if not satisfied/no response","note":null,"quote":"Write to:\nCustomer Service Universal Sompo General Insurance Co. Ltd. Unit No. 601 & 602, 6th Floor, Reliable Tech Park, Thane-Belapur Road, Airoli, Navi Mumbai, Maharashtra – 400708 Email: grievance@universalsompo.com ... Visit Branch Grievance Redressal Officer (GRO) - Walk into any of our nearest branches and request to meet the GRO. Grievance Redressal Officer In case, the customer is not satisfied with the decision/resolution of the above office or have not received any response, he/she may write or email/mail to:\nCustomer Service Universal Sompo General Insurance Co.Ltd. Unit No. 601 & 602, 6th Floor, Reliable Tech Park, Thane-Belapur Road, Airoli, Navi Mumbai, Maharashtra – 400708 Email ID: GRO@universalsompo.com","sources":[{"clause":null,"heading":"Resolving Issue","page":11,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-resolving-issue"},{"clause":null,"heading":"For More details, visit – www.universalsompo.com","page":11,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-for-more-details-visit-www-universalsompo-com"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["Weather Parameters: Rainfall; Temperature; Sunshine hours/ Solar Irradiance; Relative humidity; Wind speed; Surface Pressure","Remote Sensing indices: Normalized difference vegetation index (NDVI); Normalized difference water index (NDWI); Land surface water index (LSWI); Fraction of absorbed photosynthetically active radiation (FAPAR); Soil Adjusted Vegetation Index (SAVI); Leaf Area Index (LAI); Microwave Backscatter; Soil Moisture Content Index; Standard Precipitation Index; Red and Short-Wave Infrared (RSWIR)","Natural calamities: Flood; Drought; Cyclone; Earthquake; Thunderstorm","IOT device Based cover parameters, including weather-related, environmental, agricultural, structural and infrastructure, disaster-related, and energy parameters"],"display":"Weather parameters, remote sensing indices, natural calamities, and IOT device-based parameters","note":"Single cover or a combination of covers may be offered; any additional IoT device-based parameter must be specified in the term sheet/Policy Schedule/Certificate of Insurance.","quote":"The policy shall provide coverage against economic activities impacted by extreme climatic conditions and natural calamities, including but not limited to: ... • Weather Parameters, not limited to\n1. Rainfall\n2. Temperature\n3. Sunshine hours/ Solar Irradiance\n4. Relative humidity\n5. Wind speed\n6. Surface Pressure ... • Remote Sensing indices, not limited to\n1. Normalized difference vegetation index (NDVI)\n2. Normalized difference water index (NDWI)\n3. Land surface water index (LSWI)\n4. Fraction of absorbed photosynthetically active radiation (FAPAR)\n5. Soil Adjusted Vegetation Index (SAVI)\n6. Leaf Area Index (LAI)\n7. Microwave Backscatter\n8. Soil Moisture Content Index\n9. Standard Precipitation Index\n10. Red and Short-Wave Infrared (RSWIR) ... The following natural calamities are covered but not limited to 1.1. Flood 1.2. Drought 1.3. Cyclone 1.4. Earthquake 1.5. Thunderstorm ... • IOT device Based cover: IoT (Internet of Things) devices can capture various parameters in real-time, which are critical for assessing risks and providing effective insurance coverage.","sources":[{"clause":"3","heading":"Scope of Cover","page":3,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-3"}],"law":[]},{"key":"deductible","label":"Deductible or excess","section":"Limits and co-pay","meaning":"Amount of each claim you bear.","status":"quote-verified","value":"Nil loss participation.","display":"Nil","note":null,"quote":"8 | Loss Participation: Nil | Not Applicable","sources":[{"clause":null,"heading":"CUSTOMER INFORMATION SHEET / KNOW YOUR POLICY","page":1,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17673#c-customer-information-sheet-know-your-policy"}],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"quote-verified","value":"The Insured may cancel the policy at any time by written notice. On cancellation, the insurer refunds premium for the unexpired or unused policy period on a pro-rata basis, subject to no claims being made during the policy period.","display":"Pro-rata refund for unexpired/unused policy period, subject to no claims","note":null,"quote":"By the Insured: The Insured may cancel the policy at any time by giving written notice to the Insurer. Upon cancellation, the Insurer shall refund the premium for the unexpired portion of the policy period on a pro-rata basis, as applicable. ... Refund of Premium: If the policy is cancelled mid-term, the Insured shall be entitled to a refund of the premium for the unused policy period, subject to no claims being made during the policy period.","sources":[{"clause":"5.12","heading":"Cancellation and Termination of Policy","page":7,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-5-12"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"quote-verified","value":"The geographical location of this Policy is within the territorial limits of India.","display":"Within the territorial limits of India","note":null,"quote":"The geographical location of this Policy is within the territorial limits of India.","sources":[{"clause":"5.1","heading":null,"page":6,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-5-1"}],"law":[]},{"key":"subject_covered","label":"What is insured","section":"Cover","meaning":"The thing or risk this policy covers.","status":"quote-verified","value":"The policy covers economic activities impacted by extreme climatic conditions and natural calamities. The cover is based on weather parameters, remote sensing indices, natural calamities and IoT device-based parameters specified for the risk.","display":"Economic activities impacted by extreme climatic conditions and natural calamities","note":null,"quote":"The policy shall provide coverage against economic activities impacted by extreme climatic conditions and natural calamities, including but not limited to: ... The cover will be based on the parameters below: ... Single cover or a combination of the covers would be offered to the policyholder to ensure adequate risk coverage","sources":[{"clause":"3","heading":"Scope of Cover","page":3,"url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804#c-3"}],"law":[]}],"documents":[{"kind":"wording","label":"Parametric Assure - Policy Wordings","pages":16,"fetched_at":"2026-10-17 20:16:45+00","source_url":"https://www.universalsompo.com/assets/file/parametric-assure/policy-wording.pdf","url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17804"},{"kind":"prospectus","label":"Parametric Assure - Prospectus / Brochure","pages":10,"fetched_at":"2026-10-17 20:16:43+00","source_url":"https://www.universalsompo.com/assets/file/parametric-assure/prospectus.pdf","url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17802"},{"kind":"cis","label":"Parametric Assure - CIS","pages":7,"fetched_at":"2026-10-17 20:12:49+00","source_url":"https://www.universalsompo.com/assets/file/parametric-assure/cis.pdf","url":"https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526/document/17673"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Universal Sompo General Insurance official website","url":"https://www.universalsompo.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims","url":"https://www.universalsompo.com/claims/","note":null},{"purpose":"claim","kind":"insurer","name":"Motor claim intimation","url":"https://www.universalsompo.com/claimintimation/","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.universalsompo.com/resourse-grievance-redressal/","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Renew now","url":"https://www.universalsompo.com/renew-now/","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Parametric Assure (UIN IRDAN134CPMS0003V01202526), IndiaInsurances, https://indiainsurances.com/policy/universal-sompo-general-insurance/parametric-assure-irdan134cpms0003v01202526"}