Saturday, October 22, 2011

The ODI in Mumbai this sunday has a 9 crore Insurance policy

The Mumbai Cricket Association (MCA) has bought an Insurance policy worth Rs. 9 crore for the One Day International happening at the Wankhede Stadium on Sunday. Also the MCA will be paying a special premium for a contingency plan worth Rs. 5 lakhs.

The company which has provided this Insurance cover is Oriental Insurance Company. The cover will protect the Association from losses due to cancellation of the match due to bad weather, natural disasters, abandonment due to the death of a Prime Minister or President and last, terrorism related incident. Although if even a single ball is bowled, no compensation claims will be entertained.

Insurance cover for cricket matches in India has been rising at a considerable rate now. The India-Australia matches in 2009 were insured for 8crores. Also India has been tagged in the extreme risk category in the reinsurance market when it comes to the terror index.

Apart from the regular bomb blasts in the country, the organizers are also concerned about the unpredictable weather. The monsoon season has been over for a month now but the showers refuse to leave Mumbai.

Well lets hope that there are no unexpected surprises except India comprehensively defeating England again !

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