Sachin Tendulkar has secured his five-story Bandra residence with a staggering Rs. 100 crore insurance cover, one of the biggest insurance deals by an individual.
Tendulkar had moved into the sprawling 6,000 square feet villa in Bandra West in September from a flat that had been allotted to the maestro under sports quota.
With this deal, Tendulkar has joined a select league of people who have taken such high insurance covers. While filmstar Shah Rukh Khan has reportedly insured his mansion "Mannat" for Rs. 110 crore, Reliance Industry chairman Mukesh Ambani's USD 1-billion home, Antilla, has been insured for around Rs. 150 crore.
According to sources, the cover has been taken in two parts. While a fire insurance policy has been obtained for Rs. 75 crore, an additional cover of Rs. 25 crore has been bought for household items like furniture and electronic gadgets.
Industry sources said the annual premium would be around Rs. 40 lakh.
Coming Up: Sachin's emotional move to new home
Sachin spoke to media and said that he had given up his former home and wanted it to be used for the development of other sports.
The house which appears to be a three-story building from the outside consists five-stories with one-and-a-half floors being underground to abide by the legal height regulations according to media reports.