Taking a note from the T20 International match between India and South Africa in Kolkata being abandoned due to poor weather, the Uttar Pradesh Cricket Association has taken an insurance cover of Rs. 6.5 crore for the first ODI scheduled to be held on 11 October.
The UPCA has taken the policy that will cover almost all possible eventualities including terror attack. If the match is cancelled due to any unforeseen reason including rains, the UPCA will not face any losses.
The Oriental Insurance Company has given the insurance coverage for the match in a comprehensive policy against cancellation of the match due to fire, natural calamities such as flood and earthquake and even rains.
Even if a team is not able to make it to the venue due to unforeseen circumstance, the insurance company would cover the losses.
"This is an unique policy and recently has become very popular. Lot of sporting events are now covered by such policies. This policy also covers a host of other factors as well," says Mr Deepak Singhal, director & PO of Hindustan Insurance Brokers, the company which handled this insurance.
The last T20 match in Kolkata was cancelled due to rains and the board of cricket association had to refund the ticket sales amount.
"Such insurances help hosting Cricket Associations to avoid losses due to match cancellations," Singhal added.
The calling off of the third T20 between India and South Africa again raised questions as the ground was not covered properly despite forecast of heavy thundershowers.
Incidentally, with the increased threat perceptions that such international events have, the insurance also covers any terrorist attack.
More than 3000 policemen will be deployed inside and outside the Green Park Stadium for the first ODI on 11 October.