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Lionel Messi, one of the greatest players in football history, is known for his talent but right now he is in the news for one more thing. Recently he had come to India and many stories related to him started going viral on social media. One of them is his leg insurance. Messi’s left leg is insured for $900 million or $900 million. This is not something that is completely new or unique, but it is definitely rare. Not everyone can get any of their body parts insured. Messi or other people like him who are able to earn money because of one of their body parts, do this. Ronaldo is also an example of this. One more thing that is important to understand is that body part insurance actually does not mean the cost of treatment, but rather it is related to compensation for the loss of income due to the damage to that body part. Now let us know how this insurance works, who gets it and what are its options available for the common people.
Why is Messi’s left foot worth so much: Lionel Messi’s left foot was insured for 900 million dollars because his entire income comes from that foot. Goals, trophies, club contracts and brand deals all depend on that skill.
What exactly is body part insurance: This insurance does not cover the cost of treatment of any body part. Its purpose is to compensate for the income loss caused by the damage to that organ.
Not medical cover, but income cover: If professional work stops due to damage to any body part, then the insurance company pays a fixed amount. The cost of treatment is not included in this.
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Can common people also get this insurance: Yes, common people can also get body part insurance. But for this it is necessary to prove that their earning is dependent on any one organ.
In which professions is it more important: Feet are most important for a dancer, voice for a singer, hands for a surgeon and eyes for a photographer. This insurance is taken in such professions.
How the insurance amount is decided: The company decides what the insurance amount will be by looking at the person’s current earnings, length of career and future income.
Why is there a difference between celebrity and common man: Celebrities have very high brand value and earnings, hence their insurance amount is also in crores or billions. It remains limited for common people.
Body part insurance option in India: Direct body part insurance is less available in India. Here personal accident and permanent disability policies fulfill this need.
How personal accident policy helps: In these policies, fixed compensation is given in case of loss of hands, legs, eyes or hearing ability. This provides security for both employed and freelancers.
The biggest condition for getting insurance: Insurance will be available only when it is proved that the income is linked to that body part. If the risk does not appear to be real, the company may refuse to provide the policy.
