Insurance: Amid Indo-Pak tension, suspense deepens over IPL, will insurance be available?

Amidst the conflict between India and Pakistan, the Board of Control for Cricket in India has suspended the Indian Premier League for a week. Even after a week, the suspense remains about when it will start. Now the biggest question is whether the remaining matches of the IPL will be able to start in the coming days? If yes, then when? If not, then what is the process of the insurance claim for IPL matches? When and in what condition can IPL franchises, sponsors, etc., claim for insurance? Let us try to understand this whole issue.

How much claim can be taken?

At present, IPL has become the world's largest cricket brand. This involves an investment of billions of rupees. Players are included for crores of rupees. Not only national but also international players. Whose full responsibility lies with the BCCI and IPL organizers? In such a situation, the claim is also very big. According to experts associated with the industry, the total claim cover for IPL is between Rs 2000 to 2500 crores. In which the organizers, franchisees, and sponsors have been included. The special thing is that Jio Star, which broadcasts IPL, has not been included in it.

When can the claim be taken?

Now the question is that if IPL has been suspended, can IPL teams, sponsors, and organizers claim for insurance. We do not need to forget that this suspension is only for 1 week. In such a situation, experts say that till the insurance claims for IPL will not start, this entire event is not canceled. According to experts, if policyholders have been covered for increasing political violence due to war, then IPL beneficiaries can go to insurance companies for a claim. But right now the event has been suspended for a week. In such a situation, there is no issue of claim.

The final was to be held on 25 May
The IPL 2025 was organized on 22 March. Whose final match was to be held on 25 May. But due to the increasing geopolitical tension, the BCCI decided to postpone the IPL for a week. According to a press release issued by the BCCI, the decision to cancel the IPL has been taken after consultations with the representatives of all the franchises. The match between Punjab Kings XI and Delhi Capitals in Dharamsala on Thursday, May 8, was cancelled. After that, the BCCI brought all the players to Delhi by a special train.

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