The Indian cricket board has taken a personal accident policy worth $500,000 per player who is a part of the national team that will play in the World Cup. The BCCI has also taken another insurance policy to the tune of Rs 130 crore, which will shield it from financial losses in the event of a match being affected by bad weather.
Reena Bhatnagar, deputy general manager, Oriental Insurance Company, said, "The BCCI has bought the group personal accident policy from OIC. Each player can expect a financial benefit of up to Rs 2.3 crore under this policy."
The group insurance policy will be in force for two months between February 10 and April 9. "The policy can be invoked in case of death or total disability, permanent partial disability and temporary total disability to a player or a support staff member. The policy holders will be paid the monetary compensation for injuries that are sustained on and off the field during this 2-month period," said Leander Dias, an official from OIC.
The policy can also be invoked if a player or support staff member becomes a victim or sustains injury due a terror attack. An overseas mediclaim policy has also been bought for the team. "The board can expect reimbursement of hospitalization expenses on the treatment of players," Dias said