Rajini’s Lingaa insured for Rs 200 crores

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Monday, Dec 08, 2014

Rajini’s Lingaa insured for Rs 200 crores

Rajinikanth’s Lingaa which will be released on December 12 has secured a mega-insurance cover, including production insurance and loss of revenue in India and overseas.

The insurance done by Alliance Insurance includes upwards of Rs 100 crore for production cover apart from cover against inevitable accidents, such as natural and unavoidable calamity, that could disrupt the screening of the film.

Sumant Salian, head of media and entertainment, Alliance Insurance Brokers, said, “Rajini sir’s Lingaa has a higher production insurance cover than other films of south India.

The film was also wrapped up in record time. They have covered loss of revenue overseas, since his films are very popular abroad.”

Film insurance came into existence in the early 1990s. Khalnayak was one of the first movies to be insured. For a 100 crore project 80 lakhs premium should be paid.

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