The policy offers coverage for physical damage to the drone, theft, third-party liabilities, and accidental bodily injury or property damage resulting from drone operations.Additionally, it provides over 15 different optional add-ons, which can be customized based on the specific needs of drone owners, operators, and manufacturers. Coverage is available for fixed-wing, rotor-wing, and hybrid drones regardless of whether they are remotely piloted or fully autonomous.New India Assurance offers a specialized drone insurance plan known as the “New India Unmanned Aircraft System (UAS/UAV/RPAS/Drone) Insurance.” This policy covers drone owners, operators, and manufacturers and includes protection for large unmanned aircraft systems down to smaller gliders. The insurance offers comprehensive coverage that includes damage to the drone, its payload, third-party liability, and options for various add-ons such as coverage for beyond the visual line of sight (BVLOS) operations and night flying endorsements.In addition to basic coverage for drone damages, there are over 15 add-on options tailored for the drone industry. These include protection against theft, physical damage, accidental injury to third parties, and property damage caused by drones
hallo enterprises. The initiative positions New India Assurance as the first public sector company to enter the drone insurance market in India, with peers like HDFC Ergo and ICICI Lombard having similar products in the private sector