Making insurances for movies is mostly done for very high budget and it is commonly observed in Hollywood film industry made by big production houses. In Indian film industry taking insurance is seen very rarely and the last it for director Shankar massive budget movies like Aparichitudu, Robo, I and even Robo 2.0 the extra care is taken from producers. Now after a long time, a Bollywood movie has taken insurance and below are the details.
As per sources makers of the Padmavati film has taken an insurance cover of 140 Crores with many advantages in the favour of the producers in critical unexpected situations. Padmavati is made with a whopping budget of 190 crores and by far the highest budgeted movie in Hindi film industry. Distributors and producers can claim up to 80 crores in case film screening get affected but in case if the movie is not released or banned by any state government they cant claim even a single penny from the insurance company. Still, there is no clarity on the release date of Padmavati but makers are making sincere efforts to bring it before the audience . Keep watching the space for more updates.
