Marriages are made in heaven, but, they can very well turn sour on this earth, by etting cancelled or not proving to be fruitful, after consummation.

Seeing a business opportunity here, the insurance companies have come out with an innovative proposition, wherein, they would insure the weddings against their postponement of cancellations for certain reasons

The catch is that, the insurer will not pay for marriages turning sour due to personal differences between the bride and the groom, and the claims would be entertained only for losses due to external factors like accidents, catastrophes or unintentional man-made disasters or disruptions.

Experts say wedding insurance covers are currently being availed mostly by HNIs (high net worth individuals) and celebrities, given the high costs attached with their weddings, but insurers also want to tap others for these policies as wedding bills are as such on rise across the board.

Accordingly, Bajaj Allianz is offering wedding insurance with premium payments of as low as below Rs 4,000, and as high as close to Rs 15,000. According to its website, it has four insurance options — Rs 2 lakh, Rs 4 lakh, Rs 6 lakh and Rs 8 lakh and the indicative premiums for these four options range from Rs 3,770 to Rs 1,4276.

The policy covers “wedding cancellation/postponement due to fire or any natural disaster, accident of bride/groom, accident of blood relations resulting within seven days of the wedding date, damage to property including the venue, burglary and even cases of food poisoning at the function.”

Noting that wedding is an expensive, and ‘once in a lifetime’ event, Bajaj Allianz said that any postponement or cancellation involves a certain risk of monetary loss, and its wedding insurance acts as a safeguard against “unforeseen events that could postpone or cancel your wedding.”

Besides, it also covers for “sudden, unexplained, unintimated failure” of the bride or the groom to appear for the wedding ceremonies due to reasons like, death, personal injury or any major illness.

The expenses that would be covered include those for printing of cards and the advance payments for the venue, caterer, decorations, music, hotels and travel.

However, it would not cover the wedding cancellations due to factors like Bandh or civil unrest, any act of terrorism, kidnapping, complete breakdown of transportation services.

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