As India's space sector expands with increased private participation, the Department of Space has outlined a robust Space Insurance Ecosystem. This framework is designed to manage the high risks associated with space activities while ensuring sustainability. A key highlight is the ambitious Debris Free Space Mission (DFSM), which aims to make all Indian space missions—governmental and private—debris-free by the year 2030.
- Availability: Specialized space insurance products are currently offered by Indian insurers in collaboration with global re-insurers, underwriters, and brokers.
- Mandate for Private Sector: Private entities are encouraged to obtain adequate insurance to cover risks. This aligns with global practices where risks for high-value assets are distributed among insurers worldwide.
- Draft Policy Framework: A new framework addressing "State’s Liability towards third party damages" is undergoing consultations. It envisages mandatory third-party liability insurance for launch operators to cover risks under international treaties.
To tackle the challenges of a congested space environment, the government has established the ISRO System for Safe and Sustainable Space Operations Management (IS4OM). This body focuses on:
- Space Situational Awareness (SSA).
- Spaceflight safety and collision avoidance.
- Space debris mitigation efforts.
India is taking a global leadership role in space sustainability through the Debris Free Space Mission (DFSM). Spearheaded by ISRO, this initiative targets achieving zero debris for all Indian space missions by 2030. This move positions India as a responsible space power prioritizing safety and security in outer space activities.
ISRO adheres to guidelines from the UN Committee on the Peaceful Uses of Outer Space (UN-COPUOS) and the Inter-Agency Space Debris Coordination Committee (IADC). India also actively contributes to guidelines in bodies like the International Academy of Astronautics (IAA) and the International Organization for Standardization (ISO).
Source: PIB Release ID 2223124
Ministry: Department of Space
Date: 04 Feb 2026
