Very recently i heard an insurance agent talking about insurance for wedding. I got paused for a moment and wanted to know what exactly it was. I got hold of the agent after a while and asked him what he really meant by the term wedding Insurance. He was very happy to explain the whole thing. We sat over of coffee and he began to explain the plan. The agent started off like this – ” see boss, anything can happen anytime”. I nodded to the statement. He carried on with explaining the cost involved in a marriage and the unforeseen, unfortunate events that can happen during the marriage time. He said that a survey reported that 20% of the marriages get postponed or never happen due to unforeseen matters and mostly the matter would be the finance. The insurance package covered certain risks related with wedding.

The wedding insurance policy covered wedding postponement or wedding cancellation because of natural calamities, accident of the bride/groom’s father, mother or siblings (3 days before the wedding date), Untimely death of the bride or groom, any kind of burglary that results in loss of gold and cash kept for marriage purpose and a few more.

Though the policy covers a lot like this, it does not cover a lot. A family dispute, loss due to criminal act, change of mind from the bride or groom and a few more.

Listen, the insurance company is helpless if the bride or the groom elopes before the marriage !

Bajaj Allianz is now promoting the plan in India. Though the takers are very few in number, one can see the growth in years to come.

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