Tuesday, February 15, 2011

World Cup: Mahendra Singh Dhoni , Sachin Tendulkar's cover down to a third

KOLKATA: Indian cricketers Mahendra Singh Dhoni and Sachin Tendulkar playing for the nation in the World Cup to restore the glory last achieved 27 years ago, are worth just a third of what they were when playing for the trimmed-down version of the game in the scandal-ridden Indian Premier League tournament. The highest cover for an individual player during the world cup would be Rs 5 crore a player, while it was Rs 15 crore in last year’s IPL.

The Board of Control for Cricket in India (BCCI) has bought the cover from Oriental Insurance Company (OIC) at Rs 5 crore a player, which is divided into two parts — a personal accident insurance of Rs 2.5 crore and an equal amount of medical cover. “The cover sold by OIC will come into play on February 19 and will remain till April 2 — the final day of the Cup. It will include all the 15 players with a Rs 2.5-crore personal accident policy per player, and another Rs 2.5 crore insurance that will shield them against medical emergency , unforeseen medical expenses and loss of baggage to a maximum of $1,000 per player,” said R Bhatnagar, deputy general manager at Oriental Insurance.

World Cup will be played in India , Sri Lanka and Bangladesh and the cover will remain in effect in all these countries. During the 2010 IPL, Dhoni, the skipper for the Chennai Super Kings, had bagged a Rs 10-crore cover followed by Andrew Symonds of Deccan Chargers at Rs 9 crore and Sachin Tendulkar, the captain for Mumbai Indians, at Rs 7.5 crore. The highest cover went to the West Indies player Kieron Pollard from Mumbai Indians at Rs 15 crore —possibly the highest cover offered by any Indian cricket team to any of its players for matches played in India.

During the second IPL held in 2009, covers were higher than the IPL 2010 because it was held in South Africa and the highest cover went to Dhoni at Rs 50 crore. “The covers offered by Oriental Insurance during the IPL were roughly proportionate to the prices these players fetched during the auction. For example, Pollard fetched the highest price, so his cover was the highest,” said an insurance analyst.

However, this World Cup all players, including Dhoni, the skipper, and Sachin as well as all the others will have the same Rs 5-crore cover per player. The current covers for the cricket World Cup are just Rs 1 crore higher than the covers offered during the first IPL in 2008. During the 2008 IPL, Dhoni, Sachin and Saurav were insured with covers of Rs 4 crore each.

TOI

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