Rs. 750 crore insurance cover sought in the event of CWG cancellation


PTI

In the runup to the Commonwealth Games, national and international cyclists race past under-construction areas during Tour de Delhi Cyclothon 2010, in New Delhi India on August 29. The CWG Organising committee has sought Rs. 750 crore in insurance cover in the event of cancellation.

The Commonwealth Games Organising Committee, which has been receiving flak for tardy preparations, is seeking a hefty insurance cover of Rs 750 crore in the event of cancellation of the sporting extravaganza.



“Non-staging of the Games due to any reason, including terrorism or non-transmission of video signal to broadcasters during the event, are being taken into account in the Rs 750 - crore insurance cover proposal,” a senior OC official said.



“We are in the process of finalising the event cancellation insurance cover,” the official added.



With less than a month left for the Games, authorities are drawing criticism for the unfinished infrastructure for the event. Some prominent sportspersons have already opted out of the October Games citing various reasons.



This is apart from the Rs 500 crore insurance cover already finalised by the OC for athletes, CWG staff and technical officials, spectators and volunteers during the Games.



“We have followed the Commonwealth Games Federation guidelines while deciding on the insurance package covering all eventualities,” said the official, adding, “Rs 500 crore insurance cover is being finalised under Comprehensive General Liability category.”



The comprehensive cover is expected to insure about 9,000 people including athletes, Games staff and officials.



However, the insurance package does not cover venues or stadia as government buildings are never insured.



There are different categories in the insurance package including sickness cover, personal accident and any eventuality involving spectators and volunteers.



While in the personal accident category, Rs 25 lakh is earmarked for athletes and accompanying officials, for sickness cover the amount ranges between Rs two lakh and Rs 10 lakh depending upon the individual level.



Similarly, the insurance cover for spectators and volunteers during the Games is Rs one lakh each.