Insurance came at a premium

Greater Noida, Oct. 28 -- Speaking to a 'dead' man probably qualifies as a first. After all, the triple Formula 1 world champion, who was given up for dead and had his last rites read to him 36 years ago following a horrific accident, is alive and well on a sofa in an F1 team building at the Buddh International Circuit before qualifying for the Indian Grand Prix.

Austrian Niki Lauda recalled the times when a tough decision by racing drivers determined the ease with which they would be able to purchase life insurance.

"Racing drivers of my time had to accept that racing was dangerous and we wanted to do it," said Lauda. "Drivers today don't need to think about that because racing is much safer now. It made getting insured very difficult and to be perfectly honest, I don't think I ever had any!"

Horrific crash

It is easy to grasp for anyone who has seen pictures or footage of Lauda's second-lap accident at the 1976 German GP. Harder to grasp is that just over a month and half after the accident, Lauda was back in the cockpit of his Ferrari at the Italian GP and finished fourth while his title rival James Hunt spun off in his McLaren.

Lauda lost that year's title at the final race of the season in Fuji by a single point after he and three other drivers withdrew from the race due to the track being "flooded" and not, as is often cited, due to the accident in Germany playing on his mind.

"I pulled out of the race in Fuji simply because of the track conditions and the race was delayed by three hours due to heavy rain," said Lauda. "It was still raining when the Japanese race director told us we had to race because it was getting dark and the circuit's television rights would be taken away if we didn't race. So I started but pulled out and unfortunately James (Hunt) finished third and beat me to the title by just one point."

Lauda won the 1977 title and was even able to temporarily retire at 30 to start his airline before selling it at a profit and returning to F1 in 1982 and winning a third crown two years later. All this without the management team that surrounds most drivers today. "In my time, drivers managed everything themselves," said the man who famously outwitted his Brabham team boss Bernie Ecclestone when it came to renegotiating his contract. "But I must say that today the only exception is Vettel who does it by himself."

Sounds like people could learn a thing or two from Lauda. Perhaps even Vijay Mallya when it comes to running an airline? "He (Mallya) expanded too quickly and added too many routes too soon," said Lauda. "He did it all when the economy was fine and it seemed okay to him but then it all turned against him."

Published by HT Syndication with permission from Hindustan Times.

  • Ford Ecosport: A closer look
  • Hyosung GV650 Aquila Pro

    Hyosung GV650 Aquila Pro

    Wed 15 May, 2013
    Hyosung GV650 Aquila Pro

    Cruiser motorcycles might not be very popular in India, but there is still a segment of buyers who prefer to buy these body style of bikes. While there is little option at the lower end of the segment, at high price brackets there are quite a few alternatives. Earlier this year, DSK Motowheels launched the Hyosung GV650 Aquila Pro, which offers quite a lot to the cruiser enthusiast. Priced at Rs. 5.46 lakhs (Mumbai), the GV650 is significant value.

  • India's top 10 best selling SUVs

    India's top 10 best selling SUVs

    Wed 15 May, 2013
    India's top 10 best selling SUVs

    SUVs have become the most favoured body style in the world. So which are the hottest SUVs available in India?

  • Narendra Modi

    Narendra Modi

    Yahoo! India News - Fri 23 Nov, 2012
    Narendra Modi

    From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention.

  • Arvind Kejriwal

    Yahoo! India News - Fri 23 Nov, 2012

    From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention.

  • Malala Yousafzai

    Malala Yousafzai

    Yahoo! India News - Fri 23 Nov, 2012
    Malala Yousafzai

    From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention.

  • Prof held for 'begging' says he had sought permission

    India, May 20 -- Two days after a 53-year-old professor was arrested and charged for begging on suburban trains, the Railway Protection Force (RPF) said that Sandeep Desai should have sought their permission before starting to collect money, which he uses for setting up education institutes. Desai, however, claimed that he had already given an application to the Railway administration in 2010."Before I started making rounds in the local trains for the charity, I had given a written application

  • Road Test and Review: Ford EcoSport

    The Ford EcoSport has been an object of infatuation since it broke cover at the Delhi Auto Expo in 2012. It basked in the limelight for a year and a half for three reasons – an unconventionally attractive design, the … Continue reading →

  • Rajiv Shukla says strict action will be taken if players are found guilty

    Chennai, May 19 (ANI): Chennai, May 19 (ANI): The Vice President of the Board of Cricket Control for India (BCCI), Rajiv Shukla on Sunday said strict actions would be taken if the players are found guilty after the Working Committee submits its report.

  • Emotional swansong for Beckham in Paris
    Emotional swansong for Beckham in Paris

    PARIS (Reuters) - A capacity crowd chanting his name, the Eiffel Tower in the background: even by his own glamorous standards, David Beckham got a special send-off on Saturday as he headed into retirement with another title in the bag. "Tonight was a nice way to go out, in front of my family and in front of the capacity crowd who were excited because we won the league," the 38-year-old former England captain told reporters after his 10th and probably final Ligue 1 appearance. ...

  • Rahul Gandhi criticises opposition for 'stalling' Food Bill

    Thiruvananthapuram/New Delhi, May 19 (ANI): Congress Vice President Rahul has criticised the opposition parties for stalling the Food Security Bill in Parliament, and asserted the UPA government was determined to enact the legislation for the benefit of people.

  • Saudi woman creates history by reaching Mount Everest summit

    London, May 19 (ANI): A Saudi woman has become the first female from the country and the youngest Arab to reach the summit of Mount Everest - the world's highest mountain.

  • Sanjay Dutt to stay in Arthur Road jail for now

    India, May 20 -- Contrary to the popular belief, there are no immediate plans to shift Bollywood actor Sanjay Dutt to Pune-based Yerwada jail, Meeran Borwankar, additional director general of police (prisons) told HT on Sunday.Dutt, who is lodged in a high security prison at Arthur Road jail after his surrender on Thursday, was convicted for illegal possession of arms in the 1993 blasts case and was sentenced to five years of imprisonment.Borwankar said, "The Arthur Road jail houses convicts as

Related Videos

Loading...