New Delhi, Feb 9: The Board of Control for Cricket in India (BCCI) is expected to get an insurance cover of Rs 1,100 crore for hosting the sixth edition of Indian Premier League that begins on April 3, 2013.
According to a report on Hindustan Times, the insurance amount expected is thrice the cover for the World Cup matches hosted by India in 2011 and Rs 200 crore more than the fifth edition of IPL.
The lucrative league that is spread over 45 days would included nine teams competing from April 3, 2013.The insurance cover of Rs 1100 crore includes cancellation of matches and other injuries.
"BCCI is looking for the highest coverage at the lowest possible premium and the cricket board wants to cover all matches," said an insurance industry official who did not want to be identified.
According to sources, BCCI is likely to invite bids from insurance companies by the end of Feb 2013. BCCI having bought an event cancellation policy for IPL 4 worth Rs 400 crore, after India's emphatic World Cup win, bought policies worth Rs 800 crore the subsequent year, for IPL 5.