Tata AIG General Insurance has announced the launch of a drone insurance offering and distribution partnership with TropoGo, a deep-tech start-up in India.

The new offering, called Remotely Piloted Aircraft System (RPAS) insurance, will offer coverage for both hull and third-party liability risks.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

RPAS also provides optional coverage for beyond visual line of sight (BVLOS) operations, night flying and data loss liability among others.

TATA AIG General Insurance president – commercial business Sushant Sarin said: “Driven by our core value of Customer First, we have co-created a market fit product with due consideration given to invaluable inputs from the Drone Federation of India (DFI).

“Our product fulfils the market requirement and is in line with the recommendations of the working group formed by IRDAI of India on RPAS Insurance. We are confident that our RPAS Insurance product shall exceed the expectations of all stakeholders in the drone ecosystem.”

Notably, the government of India recently announced new rules for owning and operating drones along with the announcement of the Production Linked Incentive (PLI) Scheme.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The drone manufacturing industry in India is expected to attract an investment of over $664.01m (INR50bn) over three years.

TropoGo founder and product owner Sandipan Sen said: “We are extremely happy and excited with our association with Tata AIG General Insurance. Our alliance with Tata AIG further strengthens our capability to offer a comprehensive insurance cover for Drones.

“We strongly believe in fuelling the booming drone ecosystem by collaborating with industry leaders and a growing community of RPA Pilots to bring innovative product and tech solutions to them.”