Batsman’s insurance equivalent to actor Amitabh Bachchan’s
Sachin Tendulkar secured his five-storey Bandra residence with 100 crore (FJ$28,871, 276) insurance cover which is also one of the biggest insurance deals by an individual.
Legendary India batsman Sachin Tendulkar is one of the richest Indian cricketers.
The right-hander cricketer had a glorious career which lasted for 24 years. Sachin Tendulkar was the face of Indian cricket for almost two decades, which is why he was an attractive prospect for a lot of brands.
Master blaster
The ‘Master Blaster’ earned big bucks through his sponsorship deals as well as his cricketing salaries.
However, it was in the World Cup winning year of 2011 as a matter of co-incidence when Sachin Tendulkar fulfilled another dream of his - A big house of his own in the area of Bandra in Mumbai.
After moving into his dream house, as per a Business Standard report, Sachin Tendulkar secured his five-story Bandra residence with an astonishing 100 crore insurance cover back then, which also happens to be one of the biggest insurance deals for an Indian individual.
The insurance cover is further bifurcated into two parts, a fire insurance policy of 75 crore (FJ$21,661,419) and an additional cover of 25 crore (FJ$7,220,473) for items within the house.
The insurance sources did not reveal the premium paid for the policy but they claimed that its value is somewhere around 40-50 lakh (FJ$1,154,039.84) annually.
The fire insurance covers losses from blaze, terror attacks, natural disasters like earthquakes and burglary among others.
On the other hand, the insurance covers the cost of the land, compound walls, cricket kits, pictures, wristwatches, furniture, electronic gadgets and others.
Dream house
While moving into his new abode, Sachin Tendulkar had said that everyone has a dream of owning a house and just like everyone else he also had the dream.
He added that he was happy that he was able to fulfil it. Sachin Tendulkar’s residence stands on a plot that earlier housed a dilapidated bungalow, which he had bought for 39 crore (FJ$11,251,888.4) in 2007. The Sachin Tendulkar house has been secured with high-walled fencing to avoid curious onlookers.
CCTV cameras and sensors have also been installed.
Besides the three storeys above the ground level, the villa reportedly has two underground basements.
High value
Celebrities are known to purchase high-value insurance covers.
Though official figures are not available due to confidentiality norms, reports indicate Bollywood star Amitabh Bachchan also has the same cover as Sachin Tendulkar.
It is reported that Amitabh Bachchan
has a cover of 100 crore (FJ$28m) for one of his bungalows. India’s richest man, Mukesh Ambani, had taken an insurance cover worth more than 150 crore (FJ$43m) for his house, Antilla, on Mumbai’s Altamount Road.