IPL sum insured caught in high premium spin

The cumulative insurance cover taken by broadcasters, over-the-top platforms, and franchises for the Indian Premier League (IPL) has seen a significant drop from last year, amid a merger of broadcasting entities and a steep rise in premiums for franchises, according to experts.

- AATHIRA VARIER

In 2024, the total insurance cover taken against the IPL was ₹10,000 crore. Broadcasters, organisers, franchises, and sponsors had taken insurance for ₹6,000 crore. Of this, broadcasters alone had taken insurance for ₹3,500 crore for television revenue, while the remaining had been taken by the others. This year, the IPL started on March 22 and is scheduled to end on May 25. But certain franchises are still on the fence about taking insurance owing to the steep rise in premiums. The sum insured has dropped to nearly ₹1,500 crore this season, according to experts.

The experts, however, added that franchises and broadcasters can take insurance even during the course of their matches, and that the franchises might obtain insurance closer to their respective matches.