Wedding Insurance: The New Trend In India, Know More About It

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Wedding insurance a new thing in the Indian wedding market. But slowly it is becoming a necessity here. From a sudden cancellation to stolen gold to a personal accident, wedding insurance can help protect you against the unforseen.

    What is wedding insurance?

    Usually, lots of money is involved in India. That is why the risk of losing the money is also high. There are chances of happening any unforeseen event during the wedding. This can result in a huge monetary loss to you and your family. Wedding insurance helps you to make up the losses.

    Why you need it?

    Life is uncertain. Wedding insurance covers you against uncertainties. If anything happens, cancellation can add up substantially to the wedding cost. With the right wedding insurance policy, you can postpone your wedding and receive every penny you lost.

    Things to consider

    Before you buy any wedding insurance, check with your each of your vendors. See how well they're covered. If your caterer or event planner have own insurance coverage, you wouldn't want to pay for overlapping coverage out of your own pocket. Check where you aren't fully covered.

    When to take?

    Most policies allow you to take out wedding cover up to two years before the wedding date. But if you are getting married in next year, it is not too late. You can get a cover for the reception and other expenses.

    Cancellation and postponement

    A wedding insurance covers cancellation or postponement of marriage due to accidents, fire at the venue and any natural calamity, etc. The policy covers cancellation or postponement. If the insured person does not show up at the wedding due to an accident, death or hospitalization, he is covered.

    Who Are The Wedding Insurance Providers In India?

    In India, wedding insurance is a relatively new concept. The following three companies provides wedding insurance covers.

    Future Generali

    Future Generali's Vivah Suraksha is a well-known wedding insurance policy to protect you from the unexpected. If you need to cancel your wedding due to an unexpected illness or extreme weather conditions, then they will help cover the costs to re-arrange the wedding among a host of other covers that are available.

    HDFC Ergo
    HDFC ERGO offers wedding insurance in India. The policy provides coverage on incidents such as cancellation or re-scheduling of the wedding due to unforeseen events like natural calamities, damage to the venue due to cyclones, floods or even fire, etc. Cancellation due to an accident involving the bride, groom or immediate family member, burglary or theft, etc. are also included.

    ICICI Lombard
    ICICI Lombard General Insurance Co. Ltd. provides covers against substantial risks. The company is offering cover for wedding cancellation, material damage to the property, personal accident cover for insured person and public liability, etc. Expenses on the printing of cards, advances given to venue, caterer, decorations, music, hotel room bookings/travel bookings, etc., are also covered.

     

    Goodreturns.in 

    Read more about: insurance wedding insurance
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more