Not just Rs 2.7-crore match fee, Bhajji loses his cover too
Oriental Insurance will not cover banned Indian offspinner Harbhajan Singh for his next 11 matches of the Indian Premier League (IPL). Business of Cricket
By Debjoy Sengupta, TNN |
Oriental Insurance will not cover banned Indian offspinner Harbhajan Singh for his next 11 matches of the Indian Premier League (IPL). Worse, he also loses his personal accident cover till the time the ban stays in force. Bhajji also loses his astronomical Rs 2.7-crore match fee.
This, despite the IPL, its franchisees and all eight teams having been covered for 59 matches for a whopping sum assured of Rs 500-650 crore.
This, despite the IPL, its franchisees and all eight teams having been covered for 59 matches for a whopping sum assured of Rs 500-650 crore.
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Bhajji was banned on Monday for 11 matches of IPL following his spat with Sree Santh at the end of Mumbai Indians��� match against Kings XI Punjab on Friday.
���It was a wilful act and insurance covers only acts of peril and not such wilful acts. Peril refer to any incident that is unforeseen and not done wilfully by the individual or the entity covered by the insurance. For example, if any player is injured during the game, it would have been covered, but not such wilful acts,��� Oriental Insurance deputy general manager Rajesh Malhotra told ET.
���Additionally, the personal accident covers that were seven times the match fee for every match and the travel insurance that was offered by Oriental to all players during the entire tenure of the event will also cease while Bhajji remains banned for these 11 matches. It will come into play once he gets into the team again,��� he added.
���Players are not covered for such wilful acts and the loss arising out of it to the player himself and to the team also remains uncovered,��� Mr Malhotra added.
Harbhajan had been signed on by the Mumbai franchise team owned by Reliance Industries for a whopping $850,000 (approximately Rs 3.4 crore).
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There is no separate match fee for IPL matches and the players are given only allowances. The match fee is calculated on a pro-rata basis, based on the amount for which Bhajji had been bought by his franchise owner and the number of matches he���s able to play.Start a SIP with as low as ₹500 with ET Money App!
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