Chinese Insurance Companies Offer 'Love Insurance' to Young Romantics

By Elsa Zhao, February 14, 2017

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There are literally millions of ways to surprise the one you love this Valentine’s Day, but to be honest, many don’t seem very original anymore. That’s why this year, numerous insurance companies are encouraging you to put a pin in your safe choices, like chocolate and roses, and instead get ‘love insurance’ to prove how committed you are to your relationship.

While traditional insurance is usually bought in case something bad happens, love insurance is more like a reward for living ‘happily ever after.'

It works like this: you pay a one-time fee of RMB299 (RMB199 if you’re both students), submit the identification information for both you and your loved one and, if you marry each other between three to 13 years after the date you bought the insurance, you will receive 10,000 roses for your wedding – enough to cover a 30-square-meter room.

Take a moment to imagine walking down an isle of roses – it doesn’t get much more romantic than that.

According to China Life Insurance’s website, love insurance is a product designed to “guide the younger generation to develop a positive attitude towards love and relationships.” It’s also intended to be “a blessing to university student couples and military couples.”

Like many others sounding off online, a user identifying herself as 'Ms. Orange' stated on Weibo that she purchased love insurance before Valentine’s Day to surprise her boyfriend. 

“At first he asked to see the details because he thought it might be a sham,” said Ms. Orange when speaking of her boyfriend’s reaction to this special present. “But then after everything checked out, he seemed to like it and said it was a sure thing to get our money’s worth.”

According to our research, there are now three options for this new type of insurance product. In addition to China Life, Answern Property & Casualty Insurance company is currently presenting two different romantic insurance packages, one offering a cash payment of RMB1,999 for tying the knot and another offering a 0.5-caret heart-shaped diamond ring.

Provided you’re confident that your current relationship can make it the next three years, this might be just the present you were looking for this Valentine’s Day!

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