Indian Cricket players insured for Rs. 2.5 crore each

The BCCI has decided to insure India’s cricket team’s players with an insurance cover of Rs. 2.5 crore each. Public sector insurer, National Insurance Company has provided the insurance cover.

Since the attacks on Shri Lanka’s team in Lahore, there has been a big change in the BCCI’s policy. After that, the BCCI increased the insurance cover for cricket players by twenty-five times. However, this was only for the players who were playing abroad. Now, the BCCI has extended the cover to players not only in the national team but also for those having contract with the BCCI.

The BCCI has contract with 37 players; 12 in Grade A, five in Grade B and 20 in Grade C.  The insurance cover is for all with a uniform insurance cover of Rs. 2.5 crore each/ year.

The insurance cover has also been provided to even members of the support staff. The insurance cover is effective from 1st October, 2011. The decision was taken at a meeting of the board’s office bearers recently.

IRDA launches mobile application to compare online insurance

The IRDA has launched one mobile application in the market that will enable users to compare online insurance products and check premium rates.

Currently, the mobile phone users, having internet connectivity, can check and compare the features of ULIPs, which were introduced after 1st Sep, 2010.

The mobile application works on the iPhone, Android, Blackberry and Nokia platforms.

The users can access the application by accessing www.m.irda.gov.in. Users have three search options — search by keywords, by policy type and company.

The users can compare up to three products. Searching by keyword allows users to search by entering a keyword. The chosen product information is exhibited in a pop-up window.