Increasing use of drones amid lockdown prompts insurance regulator to consider coverage
New Delhi: IRDAI has set up a working group to suggest insurance products covering various risks involved in use of drones.
In a circular, the Insurance Regulatory and Development Authority of India (IRDAI) said drones are emerging as one of the fastest growing technology and are being used for a variety of purposes.
It also noted that 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,” Irdai said while constituting the working group.
