Drone: As drones take off under new rules, ensuring their flight still has many starting issues
Synopsis
Drone insurance has not taken off in India. But the new guidelines for drones, released in August 2021, have brought a silver lining to non-life insurers who are now hoping to take their business to the next level. Despite this, scalability is still a concern. Reinsurers are therefore disenchanted with this emerging segment.
On August 25, 2021, the Ministry of Civil Aviation notified the Drone Rules, 2021. The development came as a big surprise to insurers and put them into action as they are currently busy developing policies to cover air vehicles. unmanned or drones. The pandemic, limited resources and other lessons learned from bad times have increased the relevance of drones and their insurance to prevent loss of life and business.
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