'Suraksha' scheme for State players

'Suraksha' scheme for State players

Cricket: KSCA first body to launch insurance initiative

'Suraksha' scheme for State players
After becoming the first association to introduce pension scheme for retired cricketers of the state, the Karnataka State Cricket Association set another benchmark by becoming the first in the country to launch a Group Insurance Scheme for players across the state.

The scheme, called the KSCA Suraksha, was launched here at its annual awards at the Chinnaswamy stadium on Saturday.

In an initiative that concentrates on the welfare of the state cricketers, the scheme is set to be active from April 1. 
In a tie-up with the M/s National Insurance Co. Ltd, the KSCA will provide personal accident insurance cover to all budding cricketers through the scheme. The plan though does not apply to players who are covered by the Board of Control for Cricket in India (BCCI).

“The KSCA wishes to provide its cricketers social security with this insurance plan. We have come up with many enterprises that have been hailed by cricketers and administers in the past and we are proud to be the first association to launch such a scheme,” said Vinay Mruthyunjaya, KSCA spokesperson.

India international Stuart Binny along with KSCA secretary Sudhakar Rao received a symbolic cheque from Vijay Srinivas (General Manager) and Bhargav (Director General Manager) of National Insurance at the launch.  

KSCA Suraksha will cover the cricketers upto a sum of Rs one lakh and also provide hospitalisation benefits, OPD treatment up to Rs 5000 per person arising on account of accident.

All cricketers across the State will be covered for Rs one lakh Capital Sum Insured (CSI).
In case of a death, permanent disability or a permanent partial disability, the cricketer or his/her family will receive a sum of Rs one lakh.

If the player is hospitalised due to an accident during a match or on the way to the venue of the game, his/her children will receive Rs 50000 as education subsidy in addition to Rs two lakh. 

Around 5000 cricketers are expected to be covered under this scheme.

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