Trade association for companies and organisations wishing to the risks associated with unwelmanage come weather. WRMA promotes the industry, provides forums, including an annual conference, for discussion and interaction with others associated with financial weather products.
Insurance Encyclopedia
Weather whiplash –
An abrupt shift from one weather pattern to another when conditions shift abruptly between extreme weather patterns. For example going from extreme drought to flash flooding, cold spells to unseasonable warmth.
Weather-linked bond
Like a catastrophe bond it transfers the insurance risk to the capital market. Bond investors sacrifice their interest and/or capital if weather conditions deviate from a reference point. The insurer may, for example, hedge against a prolonged spell of extreme cold capable of triggering an excessive number of weather-related claims.
Weavers Health Insurance Scheme
The Government of India introduced a Health Insurance Scheme for Handloom Weavers from the Financial year 2005-06 in collaboration with an insurance company for handloom weavers – all male and female-and other ancillary handloom workers and their families. Scheme covers persons 01 day to 80 years. The scheme provides cashless facility in the empanelled hospitals. The Director of Handlooms/Director of Industries/In-charge of Handlooms of the State Government is/are entrusted with the responsibility for implementing the scheme in their respective States. The annual limit of the cover is Rs. 15,000 per person/family.
Web Based Aggregators for Distribution/Marketing of Insurance Products
The emergence of aggregators has made it possible for insurance customers to compare products from different insurance companies, along with premium rates, to make their buying decisions. Web Portals like (i) www.myinsuranceclub.com , (ii) www.buysmartpolicy.com , (iii) www.sastapolicy.com , (iv) www.policybachat.com (v) www.policymantra.com , etc. help the customers by compiling the presenting the information on various insurance policies on their portals.
Wedding Present Floater
Contractual Insurance protection of almost all risks for wedding presents for a stated period before and after wedding.
Wedding presents floater (Property Insurance)
A temporary form that covers wedding presents for a set period of time.
Weekly Benefits (for Personal Accident Insurance)
They are paid for the period of temporary total disablement following an injury which is admissible under the policy.
Weekly indemnity plan
Type of short-term disability income insurance that pays weekly a stated dollar amount or a percentage of the insured’s individual’s earnings.
Weekly premium insurance (Health Insurance/Life Insurance)
A policy wherein the agent makes a personal visit to the insured’s home to collect the premium. These types of policies are usually only for small amounts.