With a recent global sports salary survey suggesting IPL players earn more for one match than in any other sport in the world, overseas cricketers in the Indian Premier League are now insuring themselves for massive sums because the rewards are greater than ever. Mitchell Starc did take the same route last year and had a $1.53m policy with an insurance company, Lloyd's of London.
As per the policy of the insurance, had he missed the IPL season through injury, with Starc having paid a premium of $97,920 to be covered between 27 February and 31 March in 2018, as stated in a writ, and he would get back $1.53m as cover.
However, the insurance company is yet to transfer the amount despite Starc not bowling a single delivery in the entire IPL after picking up a calf injury in the second Test against South Africa last year, before breaking down with a tibial bone fracture in the subsequent Test.
"The parties have exchanged correspondence about the plaintiff's claim which culminated in a final response from the defendant's representative in the form of an email sent on 22 November 2018. That email confirmed the defendant's contention that the plaintiff is not entitled to the total disablement benefit,” the writ said, as reported by Fairfax media.
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