INVC NEWS
Future Generali India Insurance Company Limited (FGII) said it has insured Baahubali 2: The Conclusion for an amount of over Rs 200 crores under its film package insurance product, Future Cine Suraksha. FGII is a general insurance company that is a joint venture between Future Group – the game changers in retail trade in India and Generali – a 186 years old global insurance group.
Baahubali 2: The Conclusion is an Indian epic historical fiction film directed by S. S. Rajamouli and produced by Shobu Yarlagadda and Prasad Devineni. It is the continuation of Baahubali: The Beginning. The film series is touted to be the most expensive in India till date.
FGII covers the risks related to the film during the pre- production to post-production stage. It 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. Additionally, it 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.
K.G. Krishnamoorthy Rao, MD and CEO, Future Generali India Insurance Company Limited commented, “The film industry in India is increasingly opting for insurance cover. In FY 17, we have issued 160 film insurance policies, mostly in Bollywood. We would now like to focus on Southern market as well since we are confident of catering to the unique requirements of the film industry.”
Till date, FGII has issued 372 film insurance policies.
