NATIONAL
INSURANCE ACADEMY
PUNE
P708 -
PROGRAMME ON FINANCE & FINANCIAL MARKETS FOR
NON-FINANCE
OFFICIALS (LIFE)
(2024 -
25)
Background:
Financial literacy - a combination of awareness, knowledge, skill,
attitude, and behavior - necessary to make sound financial decisions and
ultimately achieve individual ‘financial well-being' is increasingly being
recognized as an essential life skill.
As globalization and digital technologies make financial products
easily accessible, financial literacy has become one of the major challenges for
countries around the world. Globally, the youth are becoming financial consumers
earlier in their lives than ever before and making financial decisions (credit
cards, education loans) that can have lasting consequences if not well managed.
To connect with millennials and other groups of customers it has become
mandatory for executives of financial institutions to have a clear understanding
and knowledge of the financial world and its various dimensions.
Learning Objectives:
This program has been developed to impart sufficient understanding
of financial investments, financial systems and the relevant regulation thereof,
to all those officers who have not been exposed working on the finance and
departments in the offices of LIC. It
shall also enhance the capability of the officers to evaluate the relative
differences in the yields expected on these competitive opportunities and thus
improve their effectiveness in their respective area of operation.
Contents:
§
Current Economic Scenario
§
Financial statement analysis/Critical ratios
§
Financial arithmetic
§
Understanding financial markets, institutions, intermediaries,
products
§
Insurance investments and Regulatory Provisions
§
ULIPs and Mutual Funds
§
Listing of companies and embedded value/ Solvency Margin
§
Personal Financial Planning
§
Cash Flow and Fund Flow Statements
§
Addition
of topic IND AS in the programme - CO will revert as there is some additional
cost involved towards honorarium of the Guest Faculty
Participants’ Profile:
§
All Non-finance Officials in admin & marketing in the cadres
AAO/AO/ADM from SO/BO/Divisional Offices, Zonal Offices and Central Office with
residual service at least 5 years.
§
The officers working in the SO/BO/DO and zonal offices to be
nominated by HRD department of Zonal Offices.
§
The officers working in the Central Office to be nominated by CO HRD
on the recommendations of concerned CO HODs.
Duration: 3 days
Dates:
I.
20.05.2024 - 22.05.2024
II.
10.06.2024 - 12.06.2024
III.
18.09.2024 - 20.09.2024
IV.
28.10.2024 - 30.10.2024
V.
09.12.2024 - 11.12.2024
VI.
29.01.2025 - 31.01.2025
VII.
10.02.2025 - 12.02.2025
VIII.
03.03.2025 - 05.03.2025