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	<h1>IPL 2015: A Boost to Insurance Industry</h1>
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			<span class="post-date">Apr 10</span>

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				Posted by <a href="/forum/user/895-amrita-arora">Amrita Arora</a>				in <a href="/blog/categories/banking-financial-services-and-insurance">Banking ,Financial Services and Insurance</a>			</span>
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	<p class="MsoNormal" style="text-align: justify;">Various industries grow due to <strong>Indian Premier League (IPL)</strong>. This year, <strong>insurance industry</strong> has benefited a lot from it. <span style="background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">The<span class="apple-converted-space">&nbsp;</span></span><strong>BCCI</strong><span class="apple-converted-space"><span style="color: blue; border: 1pt none windowtext; padding: 0in; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&nbsp;</span></span><span style="background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">has purchased an insurance coverage of around rupees<strong> 1,200 crore</strong>, which will make up for the loss of revenues from sale of broadcast and other rights if any of the </span><span style="border: 1pt none windowtext; padding: 0in; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">IPL<span class="apple-converted-space"><span style="color: blue;">&nbsp;</span></span></span><span style="background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">matches fail to take off. Also, <strong>Multi Screen Media (MSM)</strong>, the official broadcaster of this tournament, has bought an insurance coverage of around rupees<strong> 800 crore</strong> to cover for the loss of revenue from advertisement if a game is called off after 10 or 20 overs, or the number of overs is reduced. </span></p>
<p class="MsoNormal" style="text-align: justify;"><span style="background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">These deals have come in time when 49% FDI has also been allowed for insurance industry after a long wait of 6 years. <strong>Both the events indicate a growth year for insurance industry</strong>.</span></p>
<p class="MsoNormal"><span style="background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">Read more at:</span></p>
<p class="MsoNormal"><a href="http://www.business-standard.com/article/finance/insurance-industry-rides-the-ipl-wave-115040700436_1.html" target="_blank">http://www.business-standard.com/article/finance/insurance-industry-rides-the-ipl-wave-115040700436_1.html</a></p></div>

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		<a href="/blog/tags/ipl-2015">
		<span itemprop="keywords">IPL 2015</span>
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		<a href="/blog/tags/insurance">
		<span itemprop="keywords">insurance</span>
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		<a href="/blog/tags/indian-premier-league">
		<span itemprop="keywords">Indian Premier League</span>
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		<a href="/blog/tags/foreign-direct-investment">
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