Future Generali insures A R Rahman live concert for Rs 4 crore

MUMBAI: Future Generali India Insurance has insured the A R Rahman live concert in Mumbai at D. Y. Patil stadium, Navi Mumbai on May 26 for Rs 4 crore.

The event insurance policy will cover the event against the various contingencies such as fire and allied perils, personal accident cover for crew and audience. Premium on such events range between 0.20-0.50% of the sum assured.

Future Generali has been insuring such entertainment events. We look forward to partnering with many more such events. It had insured Kaun Banega Crorepati, Lalbaugcha Raja during Ganeshotsav and movies like Zindagi Na Milegi Dobara.

K.G. Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance said that the premium for such concerts depend on who is doing the concert. "The average cover for such events is Rs 50 lakh to Rs 5 crore. The policy covers the event against calamity such as fire, personal accident."