Insurance Policy for NIC’s Drone Gains Ground

With the surge in offer of unmanned aerial vehicles (UAVs) or remotely piloted aerial systems, the drone insurance policy of the National Insurance Co (NIC), the first-of-its-sort from a PSU general insurer, is gaining some decent forward movement on the market.

The GM of NIC (named actuary and chief risk officer) of the PSU insurer, Ashok Kumar Lahuty, let TOI know that it has already written some drone policies. Besides, it really is getting lot of proposals and queries in this regard. “It is going to be an enormous market,” said Lahuty.

According to The Drone Rules, 2021, drones could be significant creators of employment and financial growth because of their reach, versatility, and simplicity, especially in India’s remote and inaccessible areas. “India gets the potential to be global drone hub by 2030,” it added.


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