Page 51 - Insurance Times April 2021

party civil claims arising out of bodily injury or death said product/s may be carried out at the earliest to
or property damage, by an accident or a handling respond to the new and quickly growing market.
error on part of the authorized operator. Currently, 4. Any such product should necessarily offer third party
TP Liability cover should be offered in line with
insurance covering the liability that may arise on
Aircraft/ Aviation Liability. The change, if any, in account of any mishap involving drones and causing
Government of India rules/guidelines in respect of death or bodily injury to any person or damage to
TP Liability cover for Drones from time to time may
property.
be adhered to.
b. Section II: Physical Damage to Drone Body /Hull Yegnapriya Bharath
Indemnify the insured in respect of repair/ Chief General Manager ( Non-Life)
replacement of the insured RPAS. RPAS means an
Unmanned Aircraft System including payload, Communications on basic information on
ground handling tools and/or equipment on Hull health insurance policies to the
Agreed Value basis.
policyholders
c. Section III: Personal Accident cover to Operator.
Indemnify the Insured/ Authorised operator for IRDAI/HLT/REG/CIR/038/03/2021
bodily Injury sustained by the Insured/ Authorised Date:01-03-2021
Operator anywhere in India while operating drones
and arising out of an Accident. 1. Attention is drawn to the provisions of Regulation 12
of IRDAI (Protection of Policyholders’ interests)
d. Section IV: Medical expenses cover to operator.
Regulations, 2017 specifying therein minimum
Indemnify the Insured/ Authorised operator for the
information to be provided as part of health insurance
medical expenses who has been hospitalized
policy. While the policy document is forwarded with
because of a Bodily Injury arising out of flight of the
relevant information, in order to continue the
covered Drone.
relationship with policyholders and to ensure
e. Optional Covers to enhance the coverage. information flow, it is considered important to
i. Alternate Hire Charges periodically notify the policyholders certain relevant and
ii. Drone War Liabilities key details relating to health insurance coverage
available to the policyholders.
iii. Cyber Liability Cover
2. In order to ensure flow of relevant information to
iv. Invasion of Privacy Cover
policyholders the following norms are specified:
v. Night Flying Endorsement i) All the general and health insurers as part of policy
vi. BVLOS Endorsement servicing, shall communicate the following basic
information about the health insurance policy to the
vii. Drone in Transit Endorsement
policyholders:
viii. Liability for damage to UAS that insured does
a. Name of Product and policy number,
not own
b. Extent of coverage available by way of
ix. Personal & Advertising Injury Liability available Sum Insured and Cumulative Bonus,
3. The Authority had constituted a working group to c. Number of insured people covered under policy,
suggest, inter alia, product construct. The group has d. Policy period,
developed a model product, the wordings of which are
e. Number and amount of claim settled (under
given in the Annexure. All general insurers are
relevant period), if any,
encouraged to file this product as per the procedure
required under the extant Product Filling Guidelines. f. Balance Sum Insured and Accrued cumulative
Alternatively, the insurers may design and develop their bonus available, if any,
own product keeping in view the minimum coverage as g. Due date of renewal and premium payment
specified in the given Policy Wording. The filling of the frequency,

The Insurance Times, April 2021 51