China Life(SH:601628) Huan Qiu Wang·2026-01-07 06:25Core Viewpoint - A woman in Shaanxi, China, has successfully claimed a "love insurance" policy after ten years, choosing to receive 10,000 yuan in cash instead of roses, highlighting the unique nature of such insurance products and their appeal to young couples [1][3][10]. Group 1: Product Overview - The "love insurance" was developed by China Life Property Insurance and Anxin Insurance, targeting young consumers with options like a rose version and a diamond version [6]. - The policy stipulates that after three years from the policy's effective date, if the insured couple registers their marriage within ten years, they can receive either 10,000 roses or a half-carat heart-shaped diamond ring [10]. - This type of insurance gained popularity but faced criticism for being more of a marketing gimmick than a legitimate financial product [10]. Group 2: Market Status and Legal Context - The "love insurance" was discontinued in 2017 following regulatory guidelines that prohibited the development of products lacking legal recognition or substantive meaning [10][11]. - Despite the cessation of "love insurance," a new trend called "love contracts" has emerged, which offers similar promises for a fee, raising concerns about the potential commodification of relationships [11][13]. - Legal experts warn that many companies offering "love contracts" are small and may not be financially stable, posing risks to consumers regarding the fulfillment of these contracts [14].