Football's world governing body FIFA decided at their 62nd Congress here on Friday to compensate clubs whose players are injured while on international duty.
FIFA general secretary Jerome Valcke confirmed that the so-called "player protection programme" will cover all senior international matches played between September this year and October 2013, as well as the football tournament at this summer's London Olympics.
The amount of compensation will depend on the salary earned by the player in question, although the maxiumum salary taken into account will be $8.75 million, excluding bonuses.
FIFA's total budget for the scheme will be $75 million.
"European players will also be insured from May 15 to August 31 to cover the risk posed by the European Championship, but UEFA will assume the whole cost," added Valcke.
"It is a big step in the right direction because certain clubs or federations experienced problems during the last World Cup," said FIFA president Sepp Blatter.
The issue of compensating clubs whose players are injured on international duty has been a source of discord between clubs and federations for some time.