Bajaj Allianz connects TropoGo to distribute “drone insurance” products

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Bajaj Allianz General Insurance (BAGIC) has joined TropoGo. The product covers the vehicle and its cargo as well as third party liability. Drone and payload cover includes accidental loss or damage to the UAS and the cost of replacement or repair.

Third party liability includes claims of property or bodily injury resulting from the use of drones.

BAGIC Managing Director and CEO Taban Singel believes that the evolving drone ecosystem will grow. “With this progress comes new age risks that must be protected by providing innovative customer-centric insurance solutions with an emphasis on superior service,” said Singhel.

Sandipan Sen, founder of Tropogo, said the partnership will make drone insurance available.

The policy provides drone owners and drone manufacturers with annual coverage from a third party in the event of disappearance, theft, and accidental damage.

Furthermore, users can benefit from additional approvals for Beyond Line of Sight (BVLOS), night flying, payload liability and data loss.

Bajaj will also offer insurance coverage tailored to corporate fleet requirements.

Last month, Tata AIG General Insurance submitted a drone insurance offer and entered into a distribution alliance with TropoGo.

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