February 27, 2008

Unclear insurance policy

The IPL is creating ripples in areas many would least expect it to

The IPL is creating ripples in areas many would least expect it to. The Economic Times reports that Indian insurance companies are now in a twist as franchises have begun to approach them for insuring players for astronomical amounts. And that's because the players’ contracts with franchises stipulate that the latter have to get an insurance cover of up to seven times the fee paid. In Mahendra Dhoni’s case, the insurance cover could go up to $ 10.5 million. The insurance firms in India are in unfamiliar territory when it comes to determining injuries to sportspersons, and are reportedly scanning similar models in the UK to decide how much is too much.

Sidharth Monga is an assistant editor at ESPNcricinfo

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