Source: MIT Solve

Our Solution

Rahat Beema is a blockchain-based micro-insurance platform that employs automated weather data to assess eligibility and provide coverage for low-income farmers and migrants, ultimately reducing the impact of extreme weather events on their lives.

By offering faster processing, reduced costs, and transparent payout determination, Rahat Beema stands as a robust solution for enhancing the financial resilience of those often left underserved by traditional insurance systems.

Why Rahat Beema ?

Efficient

Rahat Beema utilizes blockchain technology to streamline processes, automating weather data assessment, and enabling quick claims processing for a smoother user experience.

Cheaper

By reducing administrative costs through blockchain, Rahat Beema offers cost-effective coverage, making insurance accessible to low-income farmers and migrants.

Transparent

Our blockchain platform ensures trust through transparent, immutable insurance data. Stakeholders benefit from auditable transactions, fostering a reliable and secure ecosystem.

Inclusive

Rahat Beema is dedicated to serving vulnerable communities often overlooked by traditional insurance systems, promoting financial inclusion and economic stability for all.

Annually, Natural Disasters Push 26 Million People into Poverty, Affecting Vulnerable Communities

Rahat Beema supports underserved communities, such as low-income households, small-scale farmers, migrant laborers, and disaster-prone populations. By offering affordable, blockchain-based parametric microinsurance, it simplifies claims and provides direct payouts, enhancing financial resilience for those facing disaster-related financial challenges.

Access to smallholder
farmers

Mobilizers

Our Key Components

Experience an inclusive, speedy, cost-effective insurance system. Our transparent approach utilizes automated weather data to assess payout eligibility for low-income farmers and migrants, mitigating shocks from extreme weather events.