Insurance rates for IPL business vault over polls clash
Sunday, 17 March 2024
Insurance companies are being cautious as IPL stakes rise with two new teams and high player bids. The season's overlap with general elections increases the risk of cancellations. Quotes for stakeholders like franchise owners and sponsors are 30-35% higher. The cover is primarily for event cancellation, which results in a loss for all stakeholders. βIn India, event cancellation happens largely due to adverse weather.
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