"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.
The nine-member panel headed by Anjan Dev, General Manager of The New India Assurance Co, has been asked to study and understand the insurance needs of Remotely Piloted Aircraft System (RPAS) owners and operators.
has tasked the group to make recommendations relating to design and development of product/s meeting the needs of RPAS owners and operators, including third party liability.
It will also make recommendations relating to underwriting of such risks including re-insurance perspective and examining any other relevant matter relating to the subject.
The working group has been asked to submit its report within six weeks.
Earlier this month, the Civil Aviation Ministry issued draft rules for making and using drones in the country, proposing that an authorised manufacturer or importer can sell its devices only to an individual or entity approved by the aviation regulator DGCA.
The use of drones has increased due to the coronavirus-induced lockdown for purposes like surveillance, disinfection and videography.
The rules said each drone importer, manufacturer, trader, owner and operator will need to take approval from the Directorate General of Civil Aviation.
An authorised unmanned aircraft system (UAS) importer or manufacturer must not sell a UAS to any person except an authorised trader or owner, as per the draft rules.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.