NATIONAL
INSURANCE ACADEMY
PUNE
P708 -
PROGRAMME ON FINANCE & FINANCIAL MARKETS FOR
NON-FINANCE
OFFICIALS (LIFE)
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.
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:
§
Key
Economic Indicators & Current Scenario
§
Financial
statement analysis – How to interpret a Balance Sheet & Critical ratios
§
Financial
Arithmetic:
Time Value of Money
§
Understanding
Financial Markets, Institutions, Intermediaries, Products & Finance
related Terminologies
§
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
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 are to be nominated by HRD
department of Zonal Offices.
§
The
officers working in the Central Office are to be nominated by CO HRD on the
recommendations of concerned CO HODs.
Trainees nominated for this programme in the last
two years should not be renominated.
Duration: 3 days
I.
28.04.2025 - 30.04.2025
II.
16.06.2025 - 18.06.2025
III.
09.07.2025 - 11.07.2025
IV.
11.08.2025 - 13.08.2025
V.
29.12.2025 - 31.12.2025
VI.
27.01.2026 - 29.01.2026
VII.
16.02.2026 - 18.02.2026
VIII.
04.03.2026 - 06.03.2026