Irdai encourages insurers to launch policies for drone-related accidents
The Insurance Regulatory and Development Authority of India (Irdai) has urged all general insurance companies to launch covers for mishaps related to remotely piloted aircraft systems (RPAS) or drones.
The regulator in a circular issued on Thursday noted that only a few general insurers in India are offering coverage for drones through products under aviation insurance.
“Considering the unique characteristics of drones that differentiate them from other aircraft and taking into account the phenomenal growth in the usage of drones for multiple purposes, there is a need to augment the current insurance availability customized to the requirement of drone owners and operators,” Irdai said. Usage of drones has picked up in India over the past few years after they were allowed by the government in 2018.
