On December 29th Master Blaster Sachin Tendulkar has made a mega insurance for his dreams house which is five-storey Bandra residence in Mumbai with a overwhelming Rs 100 crore insurance cover.Infact it is one of the biggest insurance deals by an individual.
Well as per the sources, Sachin Tendulkar has purchased the insurance from a consortium of general insurers,
An official from a public sector general insurance company said, "The consortium of general insurance company has given an insurance cover for Sachin Tendulkar's home in Bandra for a value consideration of Rs 100 crore.
As per the official, all the four state-run GIs along with a private insurer have provided the cover.
"Oriental Insurance Company, United India Insurance, New India Assurance and National Insurance Company are the four government-owned general insurers providing the cover along with a private insurer," the official said, adding the annual premium would be around Rs 40 lakh.
According to another insurance official, the cover has been taken in two parts. While a fire insurance policy has been obtained for Rs 75 crore, an additional cover of Rs 25 crore has been bought for household items like furniture, electronic gadgets and cricket accessories among others.
The fire insurance covers losses from blaze, terror attacks, natural disasters like earthquakes, and burglary among others. The insurance covers the cost of the land, compound walls, besides electrical equipment.
The Tendulkars had moved into the sprawling 6,000 square feet villa in Bandra West in September from a flat that had been allotted to the maestro under sports quota.
"Everyone has a dream of owning a house. I, too, had this dream. I am happy that I was able to fulfill it," Tendulkar had said while moving into his new abode.
The cricketer's residence stands on a plot that earlier housed a dilapidated bungalow, which he had bought for Rs 39 crore in 2007. The villa 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.
With this deal, Tendulkar has joined a select league of industrialists and filmstars who have taken such high insurance cover in the recent past.
At the same time King khan Shah Rukh has also insured his mansion for Rs 110 crore, And also Mukesh Ambani who is the chairman of Reliance Industry has been insured his mansion 'Antilla' for around Rs 150 crore.
