In a first, the Delhi-based state-run non-life insurer, Oriental Insurance Company (OIC) has issued the insurance policy covering the wedding ceremonies of Bollywood celebrity couple, Deepika Padukone and Ranveer Singh Bhavnani. The all-risk policy, which has been issued by the Ballad Estate office of OIC in Mumbai, provides insurance cover to both the marriage venues, located at Italy. The policy has been issued in the name of Ranveer.
The insurance policy will be effective for all the five days of teh event from November 12-16. It will include loss or damage to the insured property due to fire, theft, explosion, aircraft damage, earthquake, water damage, burglary, hold-up, robbery in transit to and fro, flood, storm and typhoon. The policy also provides cover against riot, strike & malicious damage (RSMD).
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A copy of the insurance has been seen by National Herald. Anil Srivastava, deputy general manager of OIC (Mumbai), Anil Srivastava said, “The policy was not a full-fledged wedding insurance policy as it covered only the jewellery items being used for the wedding ceremony. It’s real value can be assessed at the time of claim only.”
The policy doesn’t cover things like event, location, public liability and rentals, he added.
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