Jr. B flick insured for Rs. 50 crore

<Abhishek BachchanAbhishek Bachchan starrer, Drona, has been insured for a whopping Rs. 50 crore. This has made Drona the biggest insured film of Bollywood till date. Directed by Abhishek’s childhood buddy, Goldie Behl and produced under Goldie’s home banner Rose Movies, Drona stars Abhishek Bachchan, Priyanka Chopra and Kay Kay Menon.

The makers of the film have done the Rs. 50 crore insurance of their film with the state owned United India Insurance (UII). The reason for such high insurance amount, say Bollywood insiders is the mega budget involved in the making of the film. This desi super hero film is reportedly budgeted at Rs. 50 crore what with huge chunk of it spent on some spectacular special effects for the film. Under the insurance policy, the insurer shall be covering the expenses incurred by the producer due to the death or injury of actors, the damage to the sets, costumes, its film equipments as well as theft. But the box office performance of the film cannot be insured!

Subhash Ghai’s Taal (1999) was the first Bollywood film to be insured. Earlier this year only UTV’s Jodhaa Akbar, Harry Baweja’s Love Story 2050 and Aamir Khan Productions’ Jaane Tu…Ya Jaane Na were insured while rest Bollywood filmmakers shied away from insuring their films. The reason why most of the producers are not insuring their film is that they don’t pay the huge premiums that come along with it. The premium to insure a film usually ranges between 0.75-1 per cent of the total insured amount. One fails to understand that, if the makers are willing to spend crores on signing their stars, why are they not securing their films by spending just a few lakhs!

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