There’s a new type of insurance taking China by storm and no, it’s not your typical house, car or contents insurance.
In recent months, Chinese Insurers have been offering ‘love insurance’ as an incentive for couples to stay together and get married.
The bizarre insurance policy, which has been dubbed as ‘very romantic’ by couples in the country, offers people rewards varying in cash pay-outs, roses or even diamonds if they tie the knot within a specified time frame.
According to one insurers policy, couples can pay 399 yuan, which will guarantee them a half carat diamond if they get married within three to 13 years of being together.
Another love policy states couples can pay 99 yuan in order to receive 1,999 yuan in a cash payout if they marry within 13 years. Or, if you fork out 399 yuan on a policy, you will be gifted 10,000 red roses on your wedding day.
Local media say love insurance has become the latest trend among college students, with special discounts being given to the younger generation.