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Loss ratios for IPL insurance policies jump to 150-200% this year

Loss ratios for IPL insurance policies jump to 150-200% this year

Mumbai Indians' Hardik Pandya bat slips from his hand against  Royal Challengers Bangalore during the IPL 2018 cricket match at Chinnaswamy Stadium in Bengaluru. Photo: PTI

The loss ratios for specialised insurance policies provided by insurance companies to companies taking part in the 2018 Indian Premier League (IPL) have increased from 80 to 90 per cent last year to 150 to 200 per cent this year. With three weeks left for the conclusion of the 11th season of the IPL, insurance claims on account of injured players have started coming in. While the insurance coverage this season amounts to Rs 23 billion, up from Rs 18 billion last year, according to industry estimates, the premium rates for the various policies, such as event cancellation, player ...