Neha Nagar Instagram – Do this before your marriage!
In India, the average wedding cost is around ₹20 lakh.
But what if your wedding is cancelled or postponed due to an uncertain event, such as a wedding cancellation, property damage, or personal accident?
In this case, wedding insurance can financially protect your wedding expenses.
It typically covers liability, cancellation, property damage, and personal accidents.
Also, it covers the following expenses when a wedding gets cancelled:
# Advances paid to cater
# Advances paid for venue rental
# Advances paid for transportation
# Advances are given for hotel room bookings, etc.
The cost of wedding insurance varies depending on the amount of coverage you choose. A ₹20 lakh cover policy typically costs around ₹2000; this premium is subject to change by the location.
Because a ₹20-lakh cover for a wedding in Mumbai or Delhi will cost between Rs 10,000-20,000.
Purchasing wedding insurance at least 1-3 years before your wedding, most policies have a waiting period of at least 90 days.
Not many insurers offer wedding insurance in India. Among those who do are Future Generali, ICICI Lombard, Bajaj Allianz, Oriental Insurance, and the National Insurance Company.
Follow for more informative content! | Posted on 03/Aug/2024 09:59:29
