Drone Insurance / Remotely Piloted Aircraft Insurance

Drones are coming up as the fastest rising technology. They are taking over the technological space at an exponential rate with new companies presenting new models every day.

Due to the ongoing Covid-19 crisis, with contactless delivery coming up as the ultimate solution, use of drones, as encouraged by DGCA, may see a new high

Policy Covers

	Hull All Risk – Covers accidental loss or damage to the Remotely Piloted Aircraft, including theft and disappearance of the Remotely Piloted Aircraft within geographical limits, while it is operated by an authorized operator for all line of sight operations.
	Third-Party Liability – DGCA has made third party liability insurance mandatory for all Remotely Piloted Aircraft weighing over 250gms. Third party liability covers for damages including accidental bodily injury and accidental damage to property caused by a drone or any object falling from drone, except during testing and demonstrations of the Remotely Piloted Aircraft.

Policy Excludes

	Damage to the drone caused by wear and tear or gradual deterioration.
	Losses arising from the Remotely Piloted Aircraft flying during nighttime or outside visual line of sight as mandated by DGCA.

Who can buy Drone Insurance

	Drone Manufacturers
	Aircraft and Drone operators
	Logistics start-ups/ Aggregators

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Mobile Insurance

Mobile phones have become a necessary gadget and an expensive investment, hence having your mobile phone insured is very important. Since smart phones are electronic devices, they are prone to software failures which can often render the device useless. Mobile insurance offers protection against a number of perils and damages to the phone. With a mobile insurance cover, the insurance company pays for all the expenses relating to its repair as well as replacement.

Policy Covers

	Accidental Damage/Liquid Damage– Covers the device from accidental physical damage and/or such damage that does not allow the normal usage of the device or fails to work because fluid has accidentally entered its internal circuitry, touch panel, sub-board or battery, resulting in the stoppage of the device
	Screen Damage– Covers accidental physical screen damage like broken, cracked or shattered screen or physical screen damage due to fire, lightening and explosion.
	Technical Damage – Any mechanical or electrical damage caused to the device will be covered.

Policy Excludes

	Theft or burglary of smart phone
	Indirect loss of any kind, including loss of private data due to theft of the mobile phone.
	Cost of replacement of battery unless caused by an accidental or liquid damage to the insured equipment.
	Loss or damage to accessories of any nature, if included in the purchase price of mobile.
	Any loss arising while transferring the ownership of the insured equipment.

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Business Shield

Businesses are under constant evolving risk from multiple sources. Traditionally, there are standalone covers for Fire, Burglary, Loss of Profit, Legal Liability, which are being offered in the market. We at ICICI Lombard present a holistic package product "Business Shield"

Who can buy Business Shield

	Non - Industrial Housing Societies Offices, BPO/ KPO Malls & Multiplex, Hotels, Resorts Cinema, Theatres Restaurants & Cafe Diagnostic Centers, Health Centre Clubs, Auditoriums, ConventionCenters, Educational Institutes, Schools, Colleges
	Industrial Engineering workshops Cement products manufacturer Granite factories Dairies, Bakeries & Biscuit Factories Coffee roasting / grinding Solar power plants Fruit products, Food processing plants, Analytical labs

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Package Policy

Package policy are designed to allow user to have all sections under one policy.

Package policy offered

	Educational Institutions Package Policy - Schools, Colleges, Universities and Business Schools
	Hotel Corporate Cover - All hotels, resorts, restaurants, cafes, pubs, ice cream parlors
	Enterprise Secure Package Policy - All enterprises engaged in production/processing
	Medical Establishments Comprehensive Insurance Policy - Private clinics, Hospitals, Pathologies
	Petrol Stations Package Policy – Petrol pumps, CNG Stations
	Malls & Multiplexes Comprehensive Insurance Policy - Shopping Malls, Multiplexes, Cinema Halls, Lifestyle Centers

Sections under Package Policy

	Fire
	Burglary
	Fidelity
	Cash in Safe & Transit
	Glass Breakage
	Group Personal Accident
	Public Liability
	Employers Liability
	All Risk
	Electronic Equipment
	Machinery Breakdown

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