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Love insurance in China offers cash for couples who marry

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Love insurance in China offers cash for couples who marry

For a little over the cost of a movie theater ticket, a dating couple in China can increase their investment by 20-fold with the purchase of love insurance.

The catch is they have to marry between three and 13 years after the insurance policy is activated to collect, according to a recent article in China Daily that highlights a latest trend in Chinese insurance companies hedging against lovebirds.

China Daily said the news comes just in time for China’s “Singles Day” on Nov. 11 — a holiday similar to Valentine’s Day.

According to their news site, there are “particularly good deals for college students.”

For example, a 99 yuan ($14.50) love policy awards the insured 1,999 yuan ($295) yuan cash “as long as they get married," said an insurance company staff member in an article that first appeared on the Chinese news site Sanqin.com.

Cash isn’t the only incentive offered by such policies, however. According to a love insurance policy from another insurer, the policyholder will get 10,000 roses, China Daily reported.

One industry professional described such insurance policies as “merely a gimmick to gain publicity and to make a profit, and said it can hardly guarantee love,” the site reported. “But (the insurer) does embody good wishes for love among young people.”

 

 

 

 

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