New Delhi, June 19 -- Go Digit General Insurance (Digit Insurance), a leading digital full stack insurance company, has announced that it has settled claims for migrant labourers in Noida under parametric insurance as temperature in the city breached the threshold of 42degC (Celsius), triggering the first pay out.

The threshold temperature for each city has been set differently and is in the range of 42degC-43.7degC. The claim payouts are structured into two tiers, the company said. The first payout automatically kicks in if the temperature of a specific city crosses the threshold for five consecutive days, it said. "If the temperature exceeds the threshold for ten consecutive days, the exit strike will kick in, leading to an additional ...