Oriental Insurance Company entered into an agreement with Oriental Bank of ...
Oriental Insurance Company, who was contracted for insurance of the Indian Premier League franchise – Rajasthan Royal, cancelled the insurance cover of 3 of players due to spot fixing charges. This insurance contract was initiated on 25th March and was due to expire on 31st May 2013 i.e after the final IPL match. The franchise also terminated their contract with these players alleging of spot fixing and filed a police complaint against them with Delhi police.
These 3 players are S. Shreesanth, , Ajit Chandalia and Ankeet Chavan. S. Shreesanth has a personal accident cover of Rs. 18 crore, medical insurance policy of USD 1 million and baggage insurance of Rs. 200,000 and in case of a mishap, as per the insurance policy, player can be airlifted and flown to foreign country for hospitalization, while other two a personal accident cover of Rs. 1 crore, medical insurance of Rs. 5 lakh and baggage insurance of Rs. 2 lakh.
Based on the FIR filed, Delhi police arrested these 3 players. Officers investigating the case believed that they received the money from bookies that have underworld connections overseas. In recent period IPL has been involving in many controversies like spot fixing etc.