Will ISRO carry insurance cover for its satellite launches, space missions, etc.?

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According to ISRO, there is no insurance in case of an accident in the mid-air and space of the launch vehicle and satellite.

According to ISRO spokesperson Krishnamurthy, "ISRO does not take any kind of insurance for launches in India, but when ISRO launches satellites from abroad, it ensures every satellite".

Indian satellites that are left from foreign land are then insured by the Indian company New India Insurance. For this, New India Insurance works with Allianz, the world's largest space insurance company, while all risk is borne by allianz

But the biggest question arises that why ISRO does not have insurance for mission launched from India?

The biggest reason behind this is the New India Insurance Company, yes, you read it right, the company is the biggest reason behind it being Indian, that ISRO is also a byproduct of the Indian government. Government of India only

On the other hand, the rocket booster used in space missions is prepared in such a way that they are separated in the middle and come back to the ground, they are not at any risk, this means that the insurance is only for the satellite Is and given the price of this speculate the amount of insurance premium is very high