Kathmandu. Across the UK, Europe and the US, thousands of people buy “alien abduction insurance policies” as a unique protection against encounters with extraterrestrials. <\/p>\n
This trend began in 1987. That’s when the UFO Abduction Insurance Company of Florida, run by Mike St. Lawrence, began selling novelty coverage for a one-time fee of about $20. Insurers could receive up to $10 million in benefits for psychiatric care, loss of wages or emotional distress if they could prove they were taken by aliens. However, payments are structured as $1 per year for 10 million years. <\/p>\n
London-based firm Goodfellow Rebecca Ingram Pearson later began offering similar policies and sold more than 30,000 policies across Europe. The premium was around \u00a3150 and the payment reached millions. London-based Lloyds is also reported to have issued thousands of such insurance covers. <\/p>\n
The St. Lawrence-based company claims to have sold more than 6,000 policies and paid off two people. That includes an issue supported by an alleged alien implant investigated by an MIT professor. <\/p>\n
The Florida firm markets this insurance product in a comical way. Added features such as satirical coverage and double compensation for alien pregnancy or frequent visits. None of the mainstream insurance companies treat alien hijacking as a standard risk. Still, the insurance is still in demand among loyal and joking buyers. <\/p>\n
These policies highlight the light-hearted side of the insurance world. Public fascination with UFOs turns profits. However, very hard evidence is needed. Which is almost impossible for the insured to provide. <\/p>\n
Under this insurance scheme, the big claims have not been converted into reality till date. \u2013Insurance News BD<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. Across the UK, Europe and the US, thousands of people buy “alien abduction insurance policies” as a unique protection against encounters with extraterrestrials. This trend began in 1987. That’s when the UFO Abduction Insurance Company of Florida, run by Mike St. Lawrence, began selling novelty coverage for a one-time fee of about $20. Insurers […]<\/p>\n","protected":false},"author":16,"featured_media":296024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45044,45159],"tags":[],"class_list":["post-296027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/296027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=296027"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/296027\/revisions"}],"predecessor-version":[{"id":296028,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/296027\/revisions\/296028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/296024"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=296027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=296027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=296027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}