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Now, marriages are insured

Wedding insurance prepares you for any unforeseen eventuality during that special occasion, writes Arnav Pandya.

india Updated: Dec 21, 2007 01:49 IST

The wedding season has just about begun with many marriages lined up on the auspicious days in the coming weeks. Most people plan for the expense of the wedding and set aside a certain sum of money to ensure that the celebrations are not disrupted. A new area—wedding insurance helps people make the best use of the options available. This kind of insurance provides policies that are tailor-made for Indians.

Event disruption

The main purpose of taking wedding insurance is to ensure that the function goes off as planned and any kind of disruption does not lead to a loss. There are several expenses that once made cannot be turned back and hence this represents a cost that cannot be recovered. These expenses are covered by the policy in case of some disruption whereby the wedding is not possible. All this requires that the individual take a close look at the insurance terms and all that will be covered under the policy.

Accident and disputes

The fine details of the wedding policy are important because of the several points that could be covered by the insurance. For example there can be a situation where an accident to the bride or the bridegroom results in the wedding remaining incomplete. There can also be disputes between the families that might result in the event not taking place and the conditions will highlight whether these events are covered by the policy or not.


The premium for the policy is not very high. The policy can be got for a reasonable premium ranging from as low as Rs 4000, an amount that is worth the spending for a special occasion like a wedding. In that sense the premium is also affordable for people who are otherwise likely to spend huge amounts on this event. The main thing is that it provides peace of mind to the people involved.

Large expenses

In considering the need for such insurance the individual has to consider the nature of the expense, which can often turn out to be quite large. If there is any problem during the wedding then the amount is not likely to be recovered. Thus, having this kind of insurance is one way of offering some protection for a person.

The author is a Certified Financial Planner