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Alliance Capital insures players

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One of the blossoming sides in the Rainbow Paints Southern Region Netball League, Alliance Capital Stars, have made history by becoming the first local netball outfit to get its players insured.

This has come at a time when sports stakeholders have been advocating for the insurance of athletes across sport codes.

Apparently, the revelations were made as the two-year sponsorship contract for the Southern Region Netball League side draws to an end.

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Alliance Capital Stars marketing executive, Rehanna Rice, said they put the team’s 16 players under medical scheme motivate them.

“We wanted them to feel secure that whenever they are playing, they don’t have to worry about any injuries,” she said.

Rice said they insured the players through Charter Insurance to cover them from injuries and death, among other eventualities.

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“Insuring the team was good. They were highly-motivated because they were calm and collected. They played to the best of their abilities not worrying about spraining a leg or whether they would fall sick,” she said.

However, Rice refused to disclose how much it cost the firm to insure the team.

Meanwhile, Rice said Alliance Capital management will review the performance of the team before deciding its next course of action.

“We have been supporting the team for close to two years now. We can’t say we are going to stop sponsoring the team because no decision has been made. What is going to happen is that there will be a strategic review and an analysis by the management whether the team has met its goals,” she explained.

Alliance Capital Stars chairperson, Dalitso Chinyama, said it was historic to have players covered.

“The players have been motivated and they give out their best during training and matches because they have nothing to worry about. The only problem was that we took time to gel after signing several new players,” she said.

Alliance Capital Limited started sponsoring the team last year. The initial sponsorship was pegged at K3 million minus add-ons. Alliance Capital is an independent investment and portfolio management firm registered under the Financial Service Act, 2010 and supervised by the Reserve Bank of Malawi.

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