This thread is solely dedicated for people who are interested in knowing different kinds of insurance policies they can buy and also for people who want to do insurance business. My name is Insurance doctor and I will be taking you classes on insurance topics and businesses feel free to ask questions. Thanks

What is Insurance?

A practice by which a company provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment.

Insurance is like our additional life line in this game of life. Its like a back up should in case misfortune happens.

Principles of insurance

1.Insurable interest
2.Utmost good faith
3.Proximate cause
4.Indemnity
5.Subrogation
6.Contribution

In the next class we will define the above principle one by one

Insurable interest. This is the legal right to insure.

Dear Sir/Madam,

How much love do you have for your child? Kindly find attached.

I am pleased to introduce our Mansard Education Plan Plus policy to you.

The product is a win- win product designed to guarantee the reality of your desired education goal for your child or loved ones, no matter what happens in this unforeseen world of uncertainty.

THE PRODUCT:

· It ensures that the target savings of a sponsor toward his/her ward’s education is not derailed whether or not he/she is alive

· It offers the policyholder a vehicle through which he/she could accumulate funds over a period of time for the purpose of financing the future education of the children/wards

· It provides financial protection for the child’s education in the event of death or total permanent disablement of the sponsor within the policy duration

FEATURES:

Scope of Cover: Death & Permanent Disablement
Maximum Age at entry: 55 years
Maximum Age at Maturity: 60 years
Minimum Term of Policy: 5 years
Minimum Annual Contribution: N60,000
Minimum Sum Assured: ½ X Annual Contribution X Duration
Maximum Sum Assured: Annual Contribution X Duration; subject to a maximum of N10 MM
No partial withdrawal before 2 years. However, the policy may be surrendered after two (2) full years’ contribution has been paid and the policy has been in force for at least two years.

BENEFITS

Benefits @ Maturity Value:

1. Account Balance

Benefit should permanent disability occurs before Maturity:

1. Premium waiver

2. Account balance at maturity

Death before Maturity:

1. Sum assured

2. Family income benefit

3. Premium waiver

4. Account Balance

Subject to policyholder having paid all premiums as and when due

NOTE:

SUMMARY OF BENEFITS

Sum Assured: The sum assured becomes payable upon death

Family income: 5% of the sum assured payable annually on scheme anniversary till maturity, subject to a maximum payout of 100% of Sum Assured

Premium Waiver: MANSARD INSURANCE Plc, continues the regular contribution of the policyholder until maturity

Account Balance: Payment of amount standing as credit in customer’s account at the time of maturity (Account Balance)

Are you looking for a competitively priced Comprehensive Motor Insurance cover that will provide you with a courtesy Auto in the event of theft or accidental damage?

How would you like to have your motor claims (accidents only) settled in 24 hours?

How about a premium refund of 5% of 3years cumulative?

How about a FREE Auto tracking device?

You can enjoy all of these and much more with our Motor Insurance Plans.

Commercial Vehicle

Covers:

Accidental damage/fire to your car
Theft
Cost of towing damaged vehicle up to a limit of N5,000.00 or 20% of agreed cost of repair.
Third party death & Bodily injury to a limit of N60,000,000.00
Third Party Property Damage to a limit of N1,000,000.00