Can’t buy me love, or can you? In China, at least, it appears you can.
This Valentine’s Day Chinese insurers have their hearts set on wooing customers with the sale of love insurance.
As Sixth Tone reports, love insurance comes in various packages. One policy offered by Answern Property & Casualty Insurance entitles customers to a congratulatory payment if they and their designated significant other get married any time between three and 13 years after taking out the policy.
Customers choose a one-time premium payment for the policy of 99 yuan ($14), 297 yuan ($43), or 495 yuan ($72) in return for a respective payout of 1,999 yuan ($291), 5,997 yuan ($873), or 9,995 yuan ($1,445), providing a valid marriage certificate is shown to the insurer in the allotted timeframe.
Other insurers will throw in a little extra love. For example, China Life will send 10,000 roses to the wedding ceremony of any customer who marries their partner three years after signing up for the 299 yuan plan, Sixth Tone explains.
Love insurance has been around for a few years now. See this 2012 report by the Financial Times.
More on how to make sure your loved ones and valuables are protected on the Insurance Information Institute’s Valentine’s Pinterest board.