IRDAI Sets Up Panel On Insurance For Use Drones
Economy
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a working group to suggest insurance products covering the various risks involved in the use of drones.
“There is an immediate need to make available suitable insurance products covering the various risks involved in the use of drones,” the insurance regulator said in a circular.
Drones are emerging as one of the fastest growing technologies and are being used for a variety of purposes and were playing a ‘significant’ role in the present Covid-19 situation helping the authorities in several activities, IRDAIsaid.
The nine-member panel, headed by Anjan Dev, General Manager, New India Assurance Co, has been asked to study and understand the insurance needs of Remotely Piloted Aircraft System (RPAS) owners and operators.
Apart from making recommendations on design and development of products meeting the needs of RPAS owners and operators, including third party liability, the group will suggest measures relating to underwriting of different risks.
Published on
June 25, 2020
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The Insurance Regulatory and Development Authority of India (IRDAI) has formed a working group to suggest insurance products covering the various risks involved in the use of drones.
“There is an immediate need to make available suitable insurance products covering the various risks involved in the use of drones,” the insurance regulator said in a circular.
Drones are emerging as one of the fastest growing technologies and are being used for a variety of purposes and were playing a ‘significant’ role in the present Covid-19 situation helping the authorities in several activities, IRDAIsaid.
The nine-member panel, headed by Anjan Dev, General Manager, New India Assurance Co, has been asked to study and understand the insurance needs of Remotely Piloted Aircraft System (RPAS) owners and operators.
Apart from making recommendations on design and development of products meeting the needs of RPAS owners and operators, including third party liability, the group will suggest measures relating to underwriting of different risks.
Published on
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill.
In these difficult times, we, at BusinessLine, are trying our best to ensure the newspaper reaches your hands every day. You can also access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all our readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. You can help us by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section.
Our subscriptions start as low as Rs 199/- per month. A yearly package costs just Rs. 999 – a mere Rs 2.75 per day, less than a third the price of a cup of roadside chai..
A little help from you can make a huge difference to the cause of quality journalism!
Support Quality Journalism
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