Insurance helps players stay protected from various risks

RCB batsman Virat Kohli tops the chart among Indians with an insurance cover of Rs 35 crore © PTI

The Board of Control for Cricket in India (BCCI) has increased the Indian Premier League 5 limit of insurance to Rs 812 crore which is estimated as double the figures of the 2010 edition and 10 % more than IPL 4.

 

Clarifying its step, the BCCI has said that the stakes are high for a premier event like IPL. The marquee event, which is in its fifth season, has grown in popularity every year. According to BCCI the insurance policy covers disruptions in case of a terrorist attack and weather.

 

The trend caught up with the franchises as well. Delhi Daredevils player Kevin Pietersen has the highest insurance cover among foreign players at Rs 30 crore, while Virat Kohli tops the chart among Indians with a cover of Rs 35 crore.

 

Following him up, Chennai Super Kings skipper Mahendra Singh Dhoni was insured at Rs 30 crore while Master Blaster Sachin Tendulkar was insured for Rs 14 crore.

 

The player insurance cover includes mediclaim, baggage loss and accident.

 

The major benefit of insurance is that it cover the players’ during their injury and comes also comes as a source of income during lay-off. It also helps him with paying off medical bills.

 

At times, when players retire, there is no source of income. Pension plans help retired players to have a regular source of income.

 

In other words, insurance helps players stay protected from various risks.