World renowned musician Oscar-laureate A. R. Rahman’s live concert got insured for Rs 4 crore by one of Indian’s leading private sector insurer Future Generali India Insurance Company. The concert is to be orchestrated at D. Y. Patil stadium in Mumbai on 26th May’ 2012.Â
Future Generali Insurance on Wednesday, finalized to insure the live concert of the music maestro A. R. Rahman. The company said it has provided Event Insurance Policy, covering the event against the various contingencies such as fire and allied perils, personal accident cover for crew and audience. Premiums on such events range from 0.20% to 0.50% of the Sum Assured.
The company has been insuring such entertainment events and looking forward towards it. It has also insured blockbuster TV quiz show Kaun Banega Crorepati, Lalbaugcha Raja during Ganeshotsav and movies like Zindagi Na Milegi Dobara.
Mr. K.G. Krishnamoorthy Rao, MD & CEO, Future Generali India Insurance Co. Ltd, said, “Future Generali is proud to be associated with A. R. Rahman and event. The average cover for such events is Rs 50 lacs to 5 crore. The policy covers the event against calamity such as fire, personal accident.”
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