*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
There was once a time when people did not hear much about Drone. However, the scenario today has changed for the better. Besides, drones are used extensively by the military.
The use of drones came into the notice of the people back in the year 2014, during the Fifa World Cup.
However, in the insurance sector drones were used in the year 2017, when Hurricane Harvey disturbed the lives of the people residing in the USA. The insurance providers then used drones to settle the claim that arrived after the hurricane to measure the damage caused.
It was after this that when the world has realized that the use of drones is not simply bound to military or sports.
Commercial drones are operated remotely and are mostly lightweight units. They essentially work upon the propulsion system wherein it can easily be manoeuvre on all the directions. Besides, commercial drones can record high record visuals round-the-clock.
Today, drones have undoubtedly changed the scenario and have taken the surveillance on to the next level.
In simplest words, a drone is essentially an unmanned aerial vehicle, which is controlled either by a human or by a built-in remote computer. It is essentially controlled either through a smart device such as a Smartphone or via the remote operating system. A drone usually has a built-in camera, which permits the operator to keep an eye to the surroundings.
Today, there is a plethora of drones available in the market. Right from fulfilling recreation purpose to a professional one, weighing in few grams to several hundred kilograms. The control system also varies depending upon the type; some may have a sensor system, or GPS and camera. Having this system makes it easier for the operator to control the system and know about the whereabouts regarding the subject.
There are some important factors, which need to be considered before one start using the drones in India, which are:
Using a drone involves the least involvement of a human, besides; it can easily record high-quality videos along with high-resolution images.
The major advantage of using a drone is that it reaches and is easily accessible in areas where normally it is difficult to get into. Moreover, it is also an easy process to transfer the data.
Let us have a look at the advantages of using the drones in the Indian insurance specifically in regards to settling the claims.
In the year 2016, when a district called Bheed in Maharashtra was affected due to floods, then instead of sending to access the damage caused one of the private insurance companies took the help of drones to access the value of the damage incurred.
The usage of drone technology was continued in the year 2017 under the Pradhan Mantri Fasal Bima Yojna which is essentially a crop insurance scheme subsidized by the government.
Besides insurance providers uses the drone technology under crop insurance scheme and many general insurance providers used the drone to capture the data for crop yield.
Note: It is illegal to fly drones without prior permission and license.
In the world of actualities, eventualities do not come knocking. Any unfortunate mishap/accident or any calamity can affect the region as well as the residents of those lives. For the insurance providers and the people affected, timing is of utmost importance. The insurance providers need to act instantly on the loss/damage incurred and help the affected community/business.
Living in the era of technological advancement, the approach towards these unfortunate events have also changed ad based on that the insurance providers are continuously happening.
Privacy is a worry concerning drones flying around in the area. In this way, controller standards should be investigated.
Artificial intelligence, augmented reality, and incorporated media are as of now gelling admirably with drones in a single manner or the other.
Insurance providers will recognize manners by, which drone, alongside the previously mentioned fields, can be utilized in a client well-disposed way for upgraded activities and better help.
Drones are just one of the many new tools with, which life, business, and the global economy are being transformed.