Why do you need a Wedding Insurance? (1/8)
- A thread 🧵
#stockmarkets #StockMarketindia #nifty50 #Cryptoindia #wedding #Sensex
- A thread 🧵
#stockmarkets #StockMarketindia #nifty50 #Cryptoindia #wedding #Sensex
About Rs 3.75 lakh crore is spent annually on weddings in India 😮 & the market for weddings is growing at the rate of 25% to 30% annually. (quite amazing)
25 lakh weddings are scheduled across the country b/w Nov and Dec, that will have a turnover of over Rs 3 lakh cr. (2/8)
25 lakh weddings are scheduled across the country b/w Nov and Dec, that will have a turnover of over Rs 3 lakh cr. (2/8)
In a country where the guest lists are long and hospitality is important, a huge amount is spent on wedding preparations, including customary expenses on gold jewellery.
A mind-numbing fact - A man spends 1/5th of his life’s earnings on marriage. 😲
(3/8)
A mind-numbing fact - A man spends 1/5th of his life’s earnings on marriage. 😲
(3/8)
Anyone who has planned a wedding knows that endless hours and a good chunk of change can go into it. So, leading up to the big day, one of the last things you want is for something unexpected to derail your wedding. (4/8)
When you have invested a lot of time and money preparing for your “The” day, you may worry about protecting that investment.
Like other types of event insurance, Wedding Insurance is designed to protect you from various potential losses associated with your big day. (5/8)
Like other types of event insurance, Wedding Insurance is designed to protect you from various potential losses associated with your big day. (5/8)
Wedding Insurance provides coverage against misfortunes like cancellation/postponement of marriage (COVID-19), death, burglary, fire, hospitalisation, or any other major emergency.
Just like any other insurance, one can get every single penny of the sum insured. (6/8)
Just like any other insurance, one can get every single penny of the sum insured. (6/8)
The major players in the Wedding Insurance market in India are:
-Future Generali
-ICICI Lombard
-Oriental Insurance
-Bajaj Allianz
The Insurance premium ranges from 0.7% to 2 % of the overall cost of the sum assured (7/8)
-Future Generali
-ICICI Lombard
-Oriental Insurance
-Bajaj Allianz
The Insurance premium ranges from 0.7% to 2 % of the overall cost of the sum assured (7/8)
Wedding Insurance concept is picking speed in India, and many wedding planners are including them as a part of the wedding package now.
As it is said: “When the praying does no good, insurance helps” (8/8)
As it is said: “When the praying does no good, insurance helps” (8/8)
We're eating suuperr delicious dishes everyday & naturally, biased to claim tht no wedding gets cancelled this season. 😉
But we can't risk putting ur life/health at stake. So, we'll help u plan ur life & health insurance plus suggest u d best plans - recipe.finology.in
But we can't risk putting ur life/health at stake. So, we'll help u plan ur life & health insurance plus suggest u d best plans - recipe.finology.in
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