If you are a gamer, you must read this
What's the story
India's professional gaming scene is exploding! Gamers are making big bucks doing what they love. But the fast-paced world of pro-gaming comes with its risks. That's why it's super important for gamers to think about insurance. Wondering what kind of insurance makes sense for you as a pro gamer in India? Read on!
Health coverage
Health insurance is a must
Pro gamers spend extended periods in front of screens, which can strain their bodies and potentially lead to health concerns over time. Choosing a health insurance plan with extensive coverage, including outpatient department (OPD) costs, mental health support, and physiotherapy, is advisable. While premiums depend on the extent of coverage, a basic health cover can be secured with an annual premium starting at approximately ₹5,000.
Equipment insurance
Protect your gear
For pro gamers, their gaming setup isn't just gear - it's the heart of their hustle. It's crucial to insure this setup against potential theft, damage, or malfunctions. Gear insurance policies are custom-built based on the value of your setup. Premiums for such insurance start at approximately ₹1,000 for every ₹1 lakh worth of gear insured. This way, your main tools of trade are always protected.
Income security
Consider income protection
Pro gamers have a highly volatile and at times unstable income. An income protection insurance policy will give you a monthly payout if you can't work because of sickness or injury. Price is based on a bunch of stuff like how old and healthy you are, but you can get it starting around ₹3,000 per annum for a cover of ₹50,000 monthly benefit.
Event liability
Liability coverage for events
Hosting or attending gaming events comes with potential liabilities, including property damage or bodily injury claims. Event liability insurance covers these risks. Premiums start at ₹5,000 per event and depend on the size and risk. This insurance is crucial for Indian professional gamers to ensure financial stability and long-term career success, serving as a worthwhile investment against unexpected occurrences.