NATIONAL INSURANCE ACADEMY

PUNE

P364 - FINANCIAL AWARENESS PROGRAM

(2022-23)

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.

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.

 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

Participants Profile:

Marketing Officials in the cadre of Administrative Officers and Assistant Divisional Managers working in Branch Offices and Divisional Offices to be nominated by HRD Department of respective Zonal Offices.

Duration:   3 days

Dates: 09.01.2023-11.01.2023