Company & Specialty Insurance Forum

I am 32 years of age. I want a insurance of Rs.20 lakh or more and get back my premium back at the maturity with profit. In this regard, I select ICICI pru Ace policy to buy. For this a illustration has been provided to me by the agent in which my annual premium is Rs.24,000 and insurance is nearly Rs.15 lakh for 30 years. the illustration further shows that after 30 years I may be received Rs.28 lakh @ 10%. Please advise me whether I purchase it or not. There are no premium allocation charge but other charges are mentioned.

I do travel abroad a couple of times each year. Our insurance advisor has raised concerns about the possibilities of emergency evacuations. Do we need to add any emergency medical evacuation coverage?

I've recently signed up with an unemployment mortgage insurance. They have agreed to pay for my loans on my behalf, in the event I become jobless. But, it's still not clear if they'd continue to pay till I find a job.

The agent has assured that my business equipments and properties would be covered under commercial property insurance. Can I get an overview of such coverage?

I'd like to know the legal concerns behind seller-financing done by property

owners. How about insuring such properties? What could be the challenges?

I've been in this real-estate industry for a couple of years now. I've always paid for the Title insurance mentioned in my closing statement. Can someone please explain whether it's truly important for us to pay towards such insurance?

The only difference that I've known between claims-made and occurrence-based policies are that the claims-made policies are much cheaper than the latter. Are there any other notable differences between the two?

Back in July 2009 my family was on a summer vacation in Lake Tahoe, my 11 year old slipped and fell in a Hotel Resort bathroom and hurt her knee. There was a toilet overflowing for quite awhile since there was 2 to3 inches of water in the back half of the bathroom. (We took pictures) At the time a security gaurd took the accident report while the managment closed the bathroom and took pictures. There was no sign posted for water on the floor at the time of the accident. We stated that we would seek medical on our own.

[sorry for any repetition; need a new thread]

I am writing in for a senior friend who had a slip & fall recently at Von's. Von's has written to him asking for his medical expenses...
He has about $6,000 to $8,000 worth of medical expenses, and he does not expect any future problems resulting from the incident.
He doesn't know whether to hire an attorney (contingency based at 33% of settlement).

I hope to bring more balance to all of the blogs on Senior Healthcare Consultants by sharing my experience with the company.