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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Parametric pandemic insurance enables rapid payouts for non damage business interruption under predefined epidemiological triggers.</h1> A novel Indian insurance product provides indemnity for business interruption from epidemics via parametric triggers, covering revenue loss and extra expenses under a Non-Damage Business Interruption (NDBI) framework. The policy uses predefined epidemiological triggers to enable rapid, transparent payouts and is brokered to align local coverage needs with global reinsurance capacity, converting systemic pandemic exposure into transfer able risk and reducing reliance on insurers' balance sheets.

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