Top 5 most unusual insurance policies in India

When we talk about insurance, we usually talk about it in a boring and bland way, but Insurance products don’t have to be boring and unvaried. In fact, insurance products can be some of the most wacky and original products you’ve ever come across.  Let’s have a look at the top 5 most unusual insurance policies ever written in India.

Singing Voice Insurance

Iconic Indian singer Lata Mangeshkar reportedly had her vocal cords insured in the 1960s. Also, it is reported that South Indian superstar Rajinikanth has insured his iconic voice. These insurance policies are designed to extend coverage in the event of voice loss or damage. These kinds of insurance plans are usually not available to the masses but are specially designed to cater to certain popular and high net worth individuals.

Fertility and Sperm Count Insurance

According to The Indian Society of Assisted Reproduction, around 10-15% of all married couples are now facing fertility issues.  The insurance sector has taken note of this rather recent phenomenon and designed health care plans that extend coverage to fertility issues. These plans are generally provided as an add-on package to a comprehensive health insurance policy. It could be a prudent choice to take a fertility add-on that would cover fertility treatments like IVF, including intrauterine insemination (IUI), Gamete Intrafallopian Transfer (GIFT), and other non-surgical medical treatments if you are a couple.

Marriage Insurance

Indian insurance companies are coming out with more and more innovative and unique insurance products, and one such product is marriage insurance. Under this product, the insurance company provides coverage to the insured against failure of the marriage taking place, theft at the marriage hall, fires, earthquakes, etc at the marriage venue. Public liabilities are also undertaken under the policy.

Pet Insurance

Our pets are no less than our babies and insurance companies know this. Insurance companies have recently come up with a whole host of pet insurance products that extent health insurance coverage to pet cats and dogs. Some of the notable health insurance companies that provide pet insurance are Tata Capital, Bajaj Allianz, Go Digit, and more.

Mustache and Beard Insurance

Now, this is a unique one. It was widely rumored that ace Indian cricket Virat Kohli had insured his beard sometime between 2015-18.  This is not the first time that a cricketer has insured a mustache or a beard. Iconic Australian cricket Merv Hughes’ insured his Mustache for a staggering $775,000 in the 1990s.