Love Insurance: Chinese Woman Turns 2,300 Rupees into 1.15 Lakhs! What Was This Policy?
Lifestyle
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News18•28-01-2026, 21:51
Love Insurance: Chinese Woman Turns 2,300 Rupees into 1.15 Lakhs! What Was This Policy?
- •A unique 'Love Insurance' policy in China offered financial rewards to couples who married after a specific period.
- •A woman named 'Wu' invested 199 yuan (approx. 2,300 rupees) in 2016 and received 10,000 yuan (approx. 1.15 lakh rupees) after marrying her boyfriend 10 years later.
- •The policy required marriage between 3 and 10 years after purchase; early marriage or breakup resulted in loss of investment.
- •Insurance companies profited because 98% of college relationships failed within 3 years, meaning most premiums were retained.
- •The Chinese government banned 'Love Insurance' in 2017-18, deeming it a marketing gimmick and a form of gambling rather than true insurance.
Why It Matters: A Chinese woman profited significantly from a now-banned 'Love Insurance' policy, highlighting its unique concept and regulatory concerns.
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