Who can buy ICICI Lombard Drone Insurance?

Drone manufacturers, aircraft and drone operators, logistics start-ups and aggregators can buy the policy.

Is drone insurance mandatory?

ICICI Lombard states that commercial third-party liability Drone Insurance is a legal requirement for commercial drone operations under the applicable Drone Rules.

Can the drone be insured while in flight?

Yes. ICICI Lombard states that the drone can be covered both while in flight and at rest.

Can a drone fleet be insured under one policy?

Yes. ICICI Lombard states that a single policy can be provided for a fleet of drones.

Are short-term policies available?

Yes. ICICI Lombard lists 1-day, 1-week and 1-month policy options.

ICICI Lombard Drone Insurance

ICICI Lombard Drone Insurance, also referred to as Remotely Piloted Aircraft Insurance, protects against accidental damage to drones, including theft, and third-party liability for accidental bodily injury and property damage. The insurer also offers cover for drones in transit and cyber liability risks.

Features of ICICI Lombard Drone Insurance

The key features of Drone Insurance include:

All Risk Policy: ICICI Lombard offers an All Risk Drone Insurance policy.

Own Damage Protection: Covers accidental damage and theft of the drone.

Third-Party Liability: Provides protection against accidental bodily injury and property damage to third parties.

Transit Cover: Provides cover while the drone is in transit.

Pay Per Use Model: ICICI Lombard states that it offers a Pay Per Use Model.

Aviation Expertise: The insurer states that it has been in the aviation business for more than a decade.

ICICI Lombard Drone Insurance: Inclusions

The policy provides:

Accidental Damage: Cover for accidental damage to the drone.

Theft: Cover for loss of the drone due to theft.

Third-Party Liability: Cover for accidental bodily injury and property damage caused to third parties.

Drone in Transit: Cover while the drone is in transit.

Cyber Liability: Cover for cyber liability risks to drones.

ICICI Lombard also states that its Hull and Liability policy can include accidental damage to drones, payloads and equipment, as well as accidental injury and/or hospitalisation expenses for the pilot arising from drone operations.

Disclaimer: Coverage is subject to the terms and conditions of the applicable policy.

ICICI Lombard Drone Insurance: Exclusions

The insurer specifically lists the following exclusions:

Wear and tear and gradual deterioration.

Damage caused by rot, fungus, mould, vermin or infestation.

Claims arising from non-compliance with authority guidelines.

Disclaimer: Please refer to the policy wording for the complete list of exclusions.

ICICI Lombard Drone Insurance: Claim Process

To register a claim:

Visit the ICICI Lombard website and use the web claim tracker.

Claims can also be registered through the 24×7 call centre.

The insurer states that claims should be registered within 14 days.

For claim registration, the policy number is required; ICICI Lombard states that no other document is required at the claim-registration stage.

Frequently Asked Questions

Who can buy ICICI Lombard Drone Insurance?

Drone manufacturers, aircraft and drone operators, logistics start-ups and aggregators can buy the policy.
Is drone insurance mandatory?

ICICI Lombard states that commercial third-party liability Drone Insurance is a legal requirement for commercial drone operations under the applicable Drone Rules.
Can the drone be insured while in flight?

Yes. ICICI Lombard states that the drone can be covered both while in flight and at rest.
Can a drone fleet be insured under one policy?

Yes. ICICI Lombard states that a single policy can be provided for a fleet of drones.
Are short-term policies available?

Yes. ICICI Lombard lists 1-day, 1-week and 1-month policy options.