wordpress blog stats
Connect with us

Hi, what are you looking for?

IRDAI forms working group to look into drone insurance

India’s insurance regulator, the Insurance Regulatory and Development Authority on Wednesday formed a working group to look into and make recommendations for insurance of drones. The group consists of members from the regulator, as well as from public and private sector insurance and reinsurance companies such as SBI General Insurance and Tata AIG. The group is being headed by Anjan Dey, general manager of the New India Assurance, a public sector insurance company.

Tasks of the working group: The group has until 6 weeks to submit a report encompassing various aspects of drone insurance, including:

  • Study and understand the insurance needs of drone owners and operators
  • Make recommendations about the kind of insurance products that can meet the needs of drone owners and operators, including third-party liability
  • Make recommendations relating to the underwriting of such risks including the re-insurance perspective.

Composition of the working group: There are 9 people in the group, including a chairman, seven members, and one convenor:

  • Anjan Dey, general manager, The New India Assurance (Chairman)
  • Arthi Mathur, general manager, Oriental Insurance Company (Member)
  • Savio Fernandes, deputy general manager, General Insurance Corporation of India (Member)
  • S Vishwanathan, head of commercial lines underwriting, SBI General Insurance (Member)
  • Diptanshookumar, deputy Vice President, Tata AIG (Member)
  • TA Ramalingam, chief technical officer, Bajaj Allianz (Member)
  • C Latha, IRDAI (Member)
  • Mukesh Kewalramani, IRDAI (Member)
  • Ajay Kumar, IRDAI (Convenor)

“Drones are emerging as one of the fastest-growing technologies and are being used for a variety of purposes. Their numbers are growing rapidly. Drones are playing a significant role in the current COVID 19 situation, assisting various authorities in several activities. There is an immediate need to make available suitable insurance products covering the various risks involved in the use of Drones,” Yegnapriya Bharath, CGM (Non-Life), IRDAI, said in an order.

The COVID-19 crisis has resulted in increased adoption of drones after they were deployed in multiple states, such as Delhi, Maharashtra, Kerala, Telangana, and Punjab, for surveillance and containment activities. HDFC Ergo recently launched a dedicated drone insurance product, but that remains the only product specifically developed for drone liability cover so far.

Draft drone rules, published earlier this month, also propose to mandate insurance cover for drones to be eligible to operate. The draft says that no drone can be operated in India without having a valid third party insurance policy to cover the liability that may arise during mishaps, causing death or bodily injury to any person or damage to property.

More from our extensive coverage of the drone industry: 

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.


The accession to the Convention brings many advantages, but it could complicate the Brazilian stance at the BRICS and UN levels.


In light of the state's emerging digital healthcare apparatus, how does Clause 12 alter the consent and purpose limitation model?


The collective implication of leaving out ‘proportionality’ from Clause 12 is to provide very wide discretionary powers to the state.


The latest draft is also problematic for companies or service providers that have nothing to with children's data.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ