Policy & model
GW ✓
GW-SR-1735DEMOIncome loss only · weekly premium · five triggers including demand-volatility (industry first).
Coverage
Weekly premium: ₹35
Coverage limit: ₹3250 (5× daily baseline)
RAINFALL
HEAT
AQI
OUTAGE
DEMAND_COLLAPSE
Premium formula (interactive R_w)
Weekly premium
Pw = ₹28 × (1 + 0.71 × 0.374) = ₹28 × 1.2655 = ₹35.44 → clamp ₹20–₹50 ≈ ₹35
Drag R_w to see P_w recalc — weekly premium clamped ₹20–₹50 for riders.
α coefficient history (8 weeks)
Risk weight radar (6 weights, Social greyed)
Weights sum to 1.0 — Social Disruption reserved for Phase 2 (NLP).
Payout formula table
| Trigger | Payout | Note |
|---|---|---|
| Heavy rain >35 mm/hr × 45 min | 80% | daily baseline |
| Heat index >42°C × 2h (11am–4pm) | 60% | daily baseline |
| AQI >300 × 3h consecutive | 50% | daily baseline |
| Platform outage >90 min / 6h window | 70%×(h/10) | daily baseline |
| Cancellation rate >45% (2h EMA, min 5 orders) | 40% | Demand-Volatility — unique |