NATIONAL INSURANCE ACADEMY
PUNE
P364 - FINANCE & INVESTMENT
AWARENESS PROGRAMME (LIC)
(2023-24)
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
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.
The
investing public have different investment opportunities today. However, all
investments carry certain risks. The investors are required to understand and,
simultaneously, compare the risks and the expected yields after adjustment of
tax on various instruments while taking investment decisions. They may not be
familiar with the market mechanism and the practices as well as their rights and
obligations. To make the executives aware of various investment opportunities
available, the risk and return attached to them and the dynamics of various
financial markets, the training of executives is essential from individual and
organizational perspectives.
Learning Objectives:
Ø
To
have a complete overview of the Indian Financial Markets
Ø
To
understand the concepts, terms and distinguishing features of various financial
instruments
Ø
To
understand various financial statements, ratios and their relevance.
Ø
To
have a clear understanding of the financial products
Ø
To
learn the framework of personal financial planning.
Ø
To
learn the basics of equity analysis of various aspects of the company and
industry like financial analysis, business analysis, understanding of corporate
governance issues, valuation and reporting so as to enable decision making.
Ø
To
learn about the intricacies of primary and secondary equity market operations.
Ø
To
understand broad investment objectives and policies of the organization.
Ø
To
learn about the Risk Management and ALM strategies related to the organization.
Ø
To
learn about various regulations related to insurance investments.
Ø
To
understand basics of listing of companies and the concept of embedded value etc.
Ø
Asset
Liability Management
Contents:
Ø
LIC
in the listed environment, embedded value and opportunities in the financial
markets
Ø
Current
Economic environment for the Marketing Pitch
Ø
Financial
statement analysis/Critical Ratios for Marketing Decisions
Ø
Insurance
Accounting/IND-AS/GAAP/IFRS
Ø
Financial
arithmetic for Product Analysis
Ø
Understanding
financial markets institutions, intermediaries, products
Ø
Insurance
investments & Returns from Marketing Perspective
Ø
ULIP
and NAV calculations/Mutual Funds
Ø
Competitive
Products Analysis (Insurance & Other Sectors)
Ø
Personal
Financial Planning
Ø
Accounting
& Investment regulations, Sandbox Regulations
Ø
Overview
of Investments
Ø
Short
term & long-term investment products
Ø
IRDAI
Investment Regulations
Ø
Relation
between risk and return
Ø
Discounted
Cash Flow & Time value of Money
Ø
Securities
Market Overview
Ø
Securities
market & financial system
Ø
Study
of Financial Statements including common ratios e.g. Operating & Net
Margins, EPS, Dividend Yield, ROCE, ROE, Inventory & Debtors Turnover, Debt
Equity Ratio (Leverage)
Ø
Insurance
Accounting, Capital Adequacy, Solvency
Ø
Listing
of companies and embedded value etc.
Ø
Tax
implications, HUF and MWP Act
Participants Profile:
Marketing
Officials (BM/SBM) & Administrative officials in the cadre of Administrative
Officers and Assistant Divisional Managers working in Branch Offices, Divisional
Offices, Zonal Office & Central Office to be nominated by HRD Department of
respective Zonal Offices & Central Office
Duration:
5 days
Dates:
I.
24.04.2023- 28.04.2023 (For
Marketing Officials)
II.
08.05.2023- 12.05.2023 (For
Marketing Officials)
III.
05.06.2023- 09.06.2023 (For
Marketing Officials)
IV.
09.10.2023-13.10.2023 (For
Marketing Officials)
V.
18.12.2023-22.12.2023 (For
Administrative Officials)
VI.
01.01.2024-05.01.2024 (For
Administrative Officials)