Insurance

Chinese celebrity caught cheating on his wife triggers rush for “love insurance”

Chinese celebrity caught cheating on his wife triggers rush for “love insurance”

We’ve heard of celebrities and famous athletes spending insane amounts on insurance for their body parts, but it would seem that in China, the trend now is to buy insurance for love.

Recent reports of the infidelity of popular Chinese actor Zhang Wen not only set flame on Chinese social media networks, they also triggered off a rush for “love insurance”, generating more than a thousand new clients solely in Xiamen of Fujian Province. How does this “love insurance” work? Details after the break!

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Comprising Just 2% of the Global Population, Japanese Pay 18% of the World’s Total Insurance Premiums

Comprising Just 2% of the Global Population, Japanese Pay 18% of the World’s Total Insurance Premiums

The Japanese love their insurance. According to the weekly tabloid Shukan Post, the average household in Japan pays 454,300 yen (approx. US$5,393) a year in life insurance premiums in an effort to feel safe and protect loved ones. Comprising just 2% of the global population, Japan pays 18% of the world’s total insurance premiums, this which works out to average insurance spending of US$3,500 per capita, the highest level in the world.
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