Q. What does it do? cover,
Cancellation or Postponement: This will cover your booking amount and advance payments made to decor companies, food vendors, hotels, travel agencies, entertainment artists, among others, if the wedding is cancelled, postponed or rescheduled.
Damage to property/valuables:It covers loss of residence, wedding venues or sets and props due to fire, explosion, earthquake, etc., as well as loss of valuables due to theft or theft.
Personal Accident: This includes accidental partial or complete disability or death of specified members.
Public Responsibility: It covers any injury or damage caused to third parties due to accidents during the marriage.
Q. What is not included in this?
Injury, loss and any unnatural cause of injury or death due to congenital disease, war, terrorism, kidnapping, suicide or pollution are among the standard exclusions in marriage policy.
Q. How much is premium,
The premium will depend on the size and type of cover chosen and will generally be 0.2-0.4% of the Sum Assured. For example, a future general policy of Rs 40 lakh will cost Rs 10,000-15,000 in premium for the term of the marriage.
Q. What is the term of insurance?
Wedding cover lasts for the duration of the wedding, usually seven days, usually ending the day after the wedding.
Q. Which companies offer marriage insurance,
Not many insurers in India offer marriage insurance. Future Generali among those who do,
Bajaj Allianz, Oriental Insurance and National Insurance Company.