Indian insurance company Bharat RE Insurance Brokers is introducing an innovative new warranty insurance program that will cover solar photovoltaic modules in the country.
While insurance for solar photovoltaic modules is already available internationally, the company is looking to work with international underwriters to offer similar packages in India.
Indian Prime Minister Narendra Modi's government has made a concerted push to promote renewable energy across the country, with companies and private individuals receiving new encourage and incentive to adopt sustainable technologies such as solar photovoltaic modules. Considering that warranty insurance packages are a must for any high-tech product, the same is the case for photovoltaic modules, something which has prompted Bharat RE Insurance Brokers to take the lead with its insurance offering.
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