Updated on May 14, 2024

·

Created on October 19, 2022

PlantSat

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.

Developed By Unknown
Content Partners
Unknown

Author

Product Description

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.

Target SDGs

SDG 2: Zero Hunger

SDG 1: No Poverty

Target Users (Target Impact Group)

Household

Distributors / Implementing Organizations

Partners: Global Agri-Tech Nepal Pvt.Ltd (GATE), ListenField, Feed the Future, TeamOne, NLG Insurance Company Limited, Thammasat University, CIMMYT, PMAMP

Manufacturing/Building Method

Unknown

Intellectural Property Type

Copyright

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.

Product Schematics

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

Evaluation methods

App reviews on Google Play and interviews.

Other Information

None

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