IPL Twenty20 insured for Rs 1430 Crores
The second edition of the Indian Premier League Twenty20 tournament, beginning on Saturday in South Africa, has been insured for Rs 1430 Crores (USD 286 million). The inaugural IPL in India last year was insured for Rs 625 Crores (USD 125 million)
The increased insurance was owing to terror threats to the players. The insurance cover has been provided by the Oriental Insurance Corporation (OIC).
India and Chennai Super Kings captain Mahendra Singh Dhoni has the highest individual insurance cover of Rs 52.50 Crores (USD 10.5 million).
Sachin Tendulkar, Sourav Ganguly and Yuvraj Singh follow behind with Sri Lankan Sanath Jayasuriya of the Mumbai Indians commanding the highest price among overseas players.