Extreme weather events are causing significant economic disruptions across India, affecting industries like manufacturing, renewable energy, and dairy farming. For instance, heatwaves have led to reduced milk production and operational challenges in factories, while cloudy conditions have impacted solar energy generation. Traditional insurance policies often fail to cover these 'non-damage' interruptions, leaving businesses vulnerable. With over 90% of disaster exposure in India uninsured, the financial risks are substantial, costing the country up to 0.4% of its GDP annually. Parametric insurance offers a faster and more flexible alternative, but its adoption remains limited.