Wedding Insurance Gains Traction Amid Rising Costs

Weddings in India are becoming more expensive and complex, with the average cost now around Rs 39.5 lakh.

Destination weddings can cost even more, up to Rs 58 lakh.

Many families are taking out loans to cover these costs.

Because of the high expenses, there is a growing interest in wedding insurance.

This insurance can help if something goes wrong, like a cancellation or an accident.

It can cover things like damage to property, loss of valuables, and injuries.

However, it's important to understand the fine print because there are many conditions and exclusions.

For example, if you leave jewellery unattended or use unregistered vendors, your claim might be rejected.

Wedding insurance can start at around Rs 7,000 for a Rs 10 lakh cover and go up to Rs 55,000 for a Rs 1 crore cover, depending on the size and type of the wedding.