Agriculture
October 16, 2022
Updated on November 22, 2022
·Created on October 19, 2022
PlantSat is an Agri-insurtech platform that helps farmers digitally enroll in insurance policies to protect them from multi-peril crop losses using a combination of photo-satellite index insurance.
The PlantSat is an Agri-insurtech platform dedicated to digitizing crop insurance and bringing satellite-based agriculture analytics to the farmers. The product was designed and developed by Seed Innovation Pvt. limited in Nepal
Distributors / Implementing Organizations
Manufacturing/Building Method
Unknown
Intellectural Property Type
Trademarked
User Provision Model
Users can download the app from Google Play Store
Distributions to Date Status
50+ Extension Officers, 1k+ downloads, 150+ champions
Design Specifications
This product was developed to allow: water optimization, crop performance monitoring, precision nutrient management strategy, and expense tracking.
Technical Support
Provided by the manufacturer.
Replacement Components
None
Lifecycle
Unknown
Manufacturer Specified Performance Parameters
Digitalize the registration and claim verification process for both farmers and insurance companies. Simplify and reduce the registration process and claim settlement. Reduce the operational cost and moral hazards from 25-30% to below 5% using the combination of geotagged photos from farmers, weather, and satellite data.
Vetted Performance Status
Seed Innovation claims to have a sum of 120k USD insured, 100 hectares of the land insured, and 13 perils covered.
Safety
Unknown
Complementary Technical Systems
None
Academic Research and References
None
Compliance with regulations
Unknown
Other Information
None
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