India-England Ranchi ODI insured for Rs 4 crore

The insurance will cover loss to get money due to cancellation/abandonment of the match © PTI

Ranchi: Jan 11, 2013

The Oriental Insurance Company Limited has been nominated as official insurer for the third ODI match between India and England, scheduled to be held in Ranchi on January 19.

“The indemnity limit (sum insured) in the policy is Rs 4 crore, which will be inclusive as third party liability of Rs 50 Lakh,” the Jharkhand State Cricket Association stated in a press release.

“It will cover loss to get money due to cancellation/abandonment of match without a ball being bowled due to incident of rain, storm, inundation, riot, strike and malicious damages and related risks on January 19,” the association said.

The JSCA has paid Rs five lakh toward premium, it said and added the Oriental Insurance Company Limited also paid Rs five lakh in favour of JSCA for making them available to put hoardings as official insurer.