🇮🇳India

अनिवार्य कटौती (डिडक्टिबल) - क्लेम मूल्य में 5% नुकसान

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Definition

New India Assurance Solar Power Plant Policy specifies: Compulsory Deductibles = 5% of claim amount for sum insured up to ₹50 crore. No waiver. For ₹1 lakh storm damage claim, insurer pays only ₹95,000. Additional voluntary deductibles increase loss further.

Key Findings

  • Financial Impact: 5% of every claim = ₹5,000–₹50,000+ per weather event (depending on asset size). Annual deductible loss: ₹20,000–₹200,000 for operators experiencing 2-4 claims/year.
  • Frequency: Every insurance claim payout; 2-4 weather events annually per region in India.
  • Root Cause: Standard insurance underwriting practice. Deductibles shift risk to policyholder. No alternative 'no-deductible' products widely available in India solar market.

Why This Matters

The Pitch: Indian solar plant owners lose 5% of every weather claim (₹5,000–₹50,000+ per incident) to mandatory deductibles. Bundled 'zero-deductible' policies or parametric insurance (IoT-triggered auto-payout) eliminate this structural loss.

Affected Stakeholders

Solar Plant Owners, Finance/CFO, Project Finance Managers, Risk Managers

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Financial Impact

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

बीमा क्लेम अस्वीकृति - दस्तावेज़ेशन विफलता

₹1.5–₹3 lakh per claim rejection (full asset loss for 3-5kW systems). Industry estimate: 15-30% claim rejection rate due to documentation gaps.

क्लेम सेटलमेंट विलंब - मैनुअल सर्वेक्षण प्रक्रिया

₹50,000–₹500,000 working capital cost per claim (estimated at 10-12% interest opportunity cost on delayed settlement over 45-day average). Commercial plants: ₹2–₹5 lakh revenue loss from 30-60 day downtime if replacement/repair queued.

गैर-घोषणा दंड - सौर पैनल डिस्क्लोजर विफलता

₹10 lakh statutory penalty + 100% claim rejection (₹1.5–₹3 lakh for residential). Corporate solar plants: ₹50 lakh+ potential penalty exposure.

अधूरे दस्तावेज़ों के कारण क्लेम मूल्यांकन त्रुटि

40-60 hours manual effort per claim (ops/finance staff) = ₹20,000–₹30,000 cost per claim. Claim rejection due to timeline breach: ₹1.5–₹3 lakh loss.

धूल संचय से राजस्व रिसाव (Dust Accumulation Revenue Leakage)

₹1,500–2,250 per 10 kW system annually (15% of generation @ ₹8–10/kWh); scales to ₹150,000–225,000 for 100 kW commercial installation

अत्यधिक श्रमिक लागत अधिक व्यय (Excess Manual Labour Cost Overrun)

₹36,000–144,000 annually per 10 kW system (60% labour reduction); ₹3.6–14.4 lakhs for 100 kW commercial installation

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