NATIONAL INSURANCE ACADEMY
P708- FINANCE FOR NON-FINANCE
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.
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.
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.
Scenario (Pre-pandemic and post pandemic)
statement analysis/Critical ratios
financial markets, institutions, intermediaries, products
investments and Regulatory Provisions
and Mutual Funds
of companies and embedded value.
Planning/Personal Financial Planning
Accounts/IND-AS/GAAP/IFRS & Solvency in Life Insurance
Flow and Fund Flow Statements
All Non-finance Officials in the cadres AO/ADM/DM from Divisional Offices, Zonal Offices and Central Office.
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.