4th season of IPL (Indian Premier League) 2011 is to seek an insurance coverage include upto Rupees 800 crore.
For each IPL 2011 Match, Multi Screen Media has obtained a cover of 12 to 15 crore. In case of match gets cancelled due to rain, the broadcaster could claim up to ’15 crore from the insurer company.
But under the agreement between National Insurance and Multi Screen Media, the broadcaster is keeping aside some commercial time during each match to accommodate advertisements from cancelled matches, said a top official of the insurance company. “The television channels should be able to accommodate commercials from up to three-four cancelled matches, especially in the initial stages, without lodging a claim,” he said.
Multi Screen Media obtained a higher cover for this year’s IPL because the number of matches has gone up from 60 to 74.
IPL 2011 popularity has attracted interests of worldwide insurance providers such as Alliance Insurance, Life & General Insurance, AON Global Insurance, Oriental Insurance and ICICI Lombard etc.
IPL 2011 Player’s Insurance Covers
|IPL 2011 Players||IPL 2011 Playing Teams||Insurance Cost|
|Mahendra Singh Dhoni||Chennai Super Kings||Rs 34 crore|
|Gautam Gambhir||Kolkata Knight Riders||Rs.32 crore|
|Yusuf Pathan||Kolkata Knight Riders||Rs.28 crore|
|Robin Uthappa||Pune Warriors India||Rs.28 crore|
|Rohit Sharma||Mumbai Indians||Rs.27 crore|
|Irfan Pathan||Delhi Daredevils||Rs.25 crore|
|Sachin Tendulkar||Mumbai Indians||Rs.24 crore|
|Suresh Raina||Chennai Super Kings||Rs.20.5 crore|
|Mahela Jayawardene||Kochi Tuskers Kerala||Rs.20.5 crore|
|Dale Steyn||Deccan Chargers||Rs.16 crore|
|Kieron Pollard||Mumbai Indians||Rs.15 crore|
Oriental Insurance for IPL 2011 Season 4
Oriental Insurance Company providing insurance coverage of Rs 610 crore to 5 IPL franchise playing teams, including the defending champions Chennai Super Kings (CSK). The insurance cover include personal accident, medical insurance and loss of baggage.
- The highest insurance cover of Rs 160 crore was provided to Kochi Tuskers Kerala.
- Chennai Super Kings were insured for Rs 136 crore, the second highest cover among the 5 teams.
- Mahendra Singh Dhoni is the highest insured player with Rs 34 crore. Last year, he was given an insurance cover of Rs 10 crore.
- Pune Warriors, which is owned by Sahara India, has bought policy cover of Rs 122.4 crore for 30 players.
- Rajasthan Royals has got personal accident cover of Rs 93.7 crore, second edition winner Deccan Chargers is insured with a sum of Rs 98 crore.
- Pune Warriors captain Yuvraj Singh has been given personal accident cover of Rs 24.7 crore while his teammate Robin Uthappa gets Rs 28.8 crore cover.
- Suresh Raina of Chennai Super Kings and Mahela Jayawardene captain of Kochi Tuskers Kerala has been given cover of Rs 20.5 crore.
- Oriental Insurance provided an insurance cover of more than Rs 1,000 crore to the Board of Control for Cricket in India (BCCI), the apex governing body and the owners of different franchises in the last edition.
CSK’s captain M.S. Dhoni is the top insured player for the IPL 2011, which already starts from April 8 2011. Insurance Company has reportedly said that M.S. Dhoni, has been insured for Rs. 340 million by the Oriental Insurance Company (OIC)-a rise of Rs. 24 crore over his insurance cover for IPL 3. CSK has paid a premium of Rs. 16 lakh, which includes travel risk cover, including medical emergencies, personal accident and loss of baggage.
Suresh Raina(Indian Team Capped), retained by CSK, getting an insurance cover of Rs 20.5 crore.
Master Blaster Sachin Tendulkar, who play’s for Ambani’s Mumbai Indians for the fourth consecutive season, has an insurance cover of Rs 12 crore.
Mahela Jayawardene, the skipper of Kochi Tuskers Kerala (which is a new introduced team in IPL 2011), has been insured for Rs 20.5 crore.