Future Generali Insurance Company insured the Telugu movie 'Baahubali 2' for over Rs 200 crore under its film package insurance product.
According to the private insurer, the policy covers the risks related to the film during the pre-production to post-production stage.You Won't Believe, These Insurance Covers Exist In India
"The policy insures the film against unforeseen incidents like death, illness of an actor or occurrence of natural calamities or accidental damage leading to delays in the film schedule. It also includes coverage against accidents that damage equipment while shooting is in process", Future Generali said in a statement here.
"Additionally, the policy covers insurance against its legal liability to pay damages for third-party civil claims arising out of bodily injury or property damage caused in the course of the event by an accident in the premises where it is held and during the policy period," it said.
"Baahubali 2: The Conclusion" is directed by SS Rajamouli and produced by Shobu Yarlagadda and Prasad Devineni and is touted to be the most expensive made film in the country till date.
KG Krishnamoorthy Rao, managing director and chief executive at Future Generali, said the film industry is increasingly opting for insurance cover.
"In fiscal 2017, we've issued 160 film insurance policies, mostly in Bollywood. We would now like to focus on the Southern market as well since we are confident of catering to the unique requirements of the film industry," he said, adding till date, it has insured 372 films.