Page 32 - Insurance Times December 2022

If a person cannot utilize a body part to earn a living due to
damage purchasing insurance for that body part is meant
to replace any lost income.

When you play at a high level, your risk of injury is always
high. A lot of athletes therefore insure their body
components. Because it is not offered by conventional
insurance companies and is highly customized, body part
insurance is not accessible to the public. But if you can afford
it, there is no reason you can't get it.

Some of the football players and the insurance covering their
body parts is:-
Lionel Messi (Legs): Every time he kicks the ball with his
left foot, everyone stops what they're doing and turns to players in the world is Beckham. The former star of Real
look. With a $900 million coverage on his left foot, Madrid and Manchester United first insured each of his legs
Argentina's captain possesses the most expensive body part for about €40 million when he was playing. Later, for about
insurance in sports. Messi will play once more to lead €190 million, he updated the insurance to cover his entire
Argentina to the 2022 FIFA World Cup as he makes one last body. If he were to lose any sponsorship that depended on
effort to capture the sport's most coveted prize, which has his appearance, this policy would provide financial
eluded him throughout his career. protection for him.

Cristiano Ronaldo (Legs): He is one of the best football Event Insurance
players in the world owing to his relentless work ethic,
Such significant events are always protected by event
dazzling dribbling, and incredible finishing. The likelihood of
insurance, which pays for any losses incurred because of event
injury increases with these amazing skills. But for around
cancellation, delay, or relocation. FIFA underwrites insurance
$144 million in 2009, Real Madrid bought an insurance policy
for the 2022 World Cup of amount 900 million USD.
on their star's legs.
In the event of the FIFA World Cup 2022, the individual teams
Manuel Neuer (Hands): As a goalkeeper, his hands are his
have supplementary insurance coverage for their players and
primary tool. And handling sporting circumstances requires
delegation in case of accidents, illnesses, or other issues that
strong hands if you want to be among the best in the world.
may require rapid surgery or treatment.
In 2014, Manuel Neuer, a Bayern Munich goalkeeper who
is regarded as one of the best in the world and a living
Travel and Tourism Insurance
legend, insured his hands for $3.5 million.
There will also be a lot of international travel insurance in
David Beckham (Legs): One of the most well-liked football addition to the event insurance and body part insurance for
the athletes because the competition will draw spectators
from all around the world.

Traveling internationally will be risky due to the Covid
epidemic and the fact that tourists from all over the world
will be congregating in one location at the same time. All
travelers must obtain FIFA World Cup travel insurance to
safeguard themselves against financial risks in the event of
a travel-related illness or accident.

Conclusion
The insurance business in Qatar, the World Cup 2022 host
country, is thriving, with various forms of insurance being
purchased for the smooth running of the tournament by the
host as well as tourists and players.

28 December 2022 The Insurance Times