NATIONAL INSURANCE ACADEMY
P708- FINANCE FOR NON-FINANCE
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
early 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 the millennials and other group 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.
This program has been developed to impart sufficient understanding
of the financial investments, financial systems and the relevant regulation
thereof, to all those officers who have not 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.
Economic Scenario (Pre-pandemic and post pandemic)
Financial statement analysis/Critical ratios
Understanding financial markets, institutions, intermediaries,
Insurance investments and Regulatory Provisions
ULIPs and Mutual Funds
Listing of companies and embedded value.
Financial Planning/Personal Financial Planning
Insurance Accounts/IND-AS/GAAP/IFRS & Solvency in Life Insurance
Cash Flow and Fund Flow Statements
The officers working in the divisional offices and zonal offices to
be nominated by HRD department of Zonal Offices.
The officers working in Central Office to be nominated by CO HRD on
the recommendations of concerned CO HOD.