Oriental provides Rs 34 cr cover to Dhoni, 5 IPL teams

State-owned Oriental Insurance Company has provided highest ever personal accident cover of Rs 34 crore to the captain of Indian cricket team Mahendra Singh Dhoni, who is also the skipper of the IPL team Chennai Super Kings. The cover includes travel risk, medical emergencies and loss of baggage. Last year, he was given an insurance cover of Rs 10 crore. Besides Dhoni, Oriental has provided insurance cover to five IPL teams -- Chennai Kings, Rajasthan Royals, Deccan Chargers, Pune Warriors and Kochi Tuskers Kerala.

Deccan Chargers, winner of the second edition of IPL 2009, have been provided cover of about Rs 98 crore, said an official source. Indian Premier League is starting on Friday and will continue till May 28. This will be the first time that the league will feature 10 teams with the inclusion of Pune Warriors and Kochi Tuskers Kerala. The cash-rich Twenty 20 cricketing extravaganza gets underway at the MA Chidambaram Stadium in Chennai where Dhoni's Chennai Super Kings (CSK) takes on Gautam Gambhir led Kolkata Knight Riders (KKR).Ten teams would contest for the IPL trophy and there will be total of 74 matches.

Oriental Insurance provided an insurance cover of more than Rs 1,000 crore to the Board of Control for Cricket in India (BCCI), the apex governing body and the owners of different franchises in the last edition. There were 8 teams in the last season of the IPL.

Men oin blue insured fo Rs.2.3 crore each for world cup.

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

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