Premium Weddings Boom: Insurance Becomes Essential for High-Value Celebrations

• India's wedding season sees a surge in premium, experience-led celebrations, boosting luxury hotels and event venues.
• Families increasingly opt for intimate, elevated weddings at non-metro destinations and heritage properties, planning 6-9 months ahead.
• Growing financial exposure from advance payments and multi-vendor dependencies drives demand for wedding insurance.
• Wedding insurance policies now cover ₹75 lakh to ₹7 crore, with premiums typically 0.20-0.50% of the overall budget.
• Key risks covered include adverse weather, vendor non-performance, last-minute rescheduling, and third-party liability.

Why It Matters: As premium weddings rise, insurance is crucial for protecting significant financial investments and mitigating risks.