New Delhi, April 3 :    New Delhi, April 3:  Indian films, which feature long outstation shoots, are scurrying for insurance cover. According to a report prepared by Federation of Indian Chambers of Commerce and Industry (Ficci) in assistance with Rabo India Finance, a large number of Indian film makers feel that insurance cover has assumed greater importance due to the higher risks associated with big budget films that require outdoor shooting. One of the deterrents to film insurance is that while applying for insurance cover, the producer is required to give details of the company profile and the film budget, which they are reluctant to reveal. This reluctance to seek insurance cover was despite the fact that it accounted for just about 1 to1.5 per cent of the total production budget. However, institutional lenders to film projects are now insisting on insurance cover, as they want to mitigate risks from multiple entities associated with film processing. Filmmakers had so far ignored the insurance aspect for fear of revealing their financing details. But the high risks now are driving them to seek insurance protection. Film insurance being rather new to producers, only a few have availed of this facility so far. 'Taal' (1998) was the first Indian film to be insured, to cover risks emerging during the production period. Since then, United India Insurance (UII) has insured more than 20 films with a total production outlay in excess of Rs 10 crore. The films that have availed of insurance cover and have already made it to the big screen include Taal, Snip, Lagaan, Mohabbatein, Dil Chahta Hai, Kabhi Khushi Kabhi Gham, Yaadein and Asoka. Others, which have been insured and are under production, include Mere Yaar Ki Shaadi Hai, Mujhse Dosti Karoge, Saathiyan, Rishte, Aankhein, Chupke Se, Badhai Ho Badhai, and Kuch Na Kaho, among several others. Sources say that Taal was insured for Rs 12 crore, Mohabbatein for Rs 15 crore, Kabhi Khushi Kabhi Gham for Rs 22 crore, Yaadein for Rs 10 crore, Lagaan and Dil Chahta Hai for Rs 15 crore each, Asoka for Rs 7 crore and Snip for Rs 2.5 crore. UII covers production risks for films under the 'Cine Mukta Policy'. The film insurance cover scheme requires the producer of the film to submit profiles of the company, producer, director, star cast, detailed budget and the shooting schedule of the film, while applying for the policy. Till date, UII has settled four claims for films insured by it. The first claim was from Yash Raj Films India for a month's delay in the completion of its film, Mohabbatein, due to postponement of shooting caused by an injury to the heroine Aishwarya Rai. Other films that have received compensation for production delays include Dil Chahta Hai, Saathiyan and Badhai Ho Badhai. Film insurance schemes cover props, sets and wardrobe, film negatives, personal accident, legal liability insurance, extra expenses and money insurance.