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bivas007 · 2 months

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Constructing Knowledge: Advancing Through RPL in Building Education

In the ever-evolving landscape of building and construction, staying ahead means continually honing skills and acquiring new qualifications. While traditional routes to education involve attending classes and completing coursework, there's another avenue that professionals in the field can explore: Recognition of Prior Learning (RPL). This method allows individuals to leverage their existing knowledge and experience to gain formal qualifications, saving time and effort while advancing their careers.

In this comprehensive guide, we'll delve into the world of RPL in building education, focusing on key certificates such as CPC31320 Certificate III in Wall and Floor Tiling, CPC40120 Certificate IV in Building and Construction, CPP41419 Certificate IV in Real Estate Practice, and CPC50220 Diploma of Building and Construction (Building). We'll explore how RPL works, its benefits, and how individuals can navigate the process to construct their knowledge and advance in their careers.

Understanding Recognition of Prior Learning (RPL)

Recognition of Prior Learning (RPL) is a process through which individuals can demonstrate their existing skills, knowledge, and experience to gain formal recognition, such as a certificate or qualification. This recognition is based on evidence provided by the candidate, which is assessed against the relevant competency standards.

RPL is particularly valuable for professionals in the building and construction industry, where hands-on experience often plays a significant role in skill development. Whether you're a seasoned tradesperson, a site supervisor, or a real estate agent, RPL offers a pathway to formal recognition of your expertise.

The Benefits of RPL in Building Education

Time Efficiency: RPL allows individuals to bypass redundant training and assessment for skills they already possess. This can significantly reduce the time needed to obtain a qualification, enabling professionals to upskill without disrupting their work commitments.

Cost Savings: By avoiding unnecessary training, individuals can save money on tuition fees and related expenses. RPL offers a more cost-effective pathway to obtaining qualifications compared to traditional education routes.

Career Advancement: Formal qualifications are often essential for career progression in the building and construction industry. RPL provides a means for professionals to obtain these qualifications efficiently, opening up new opportunities for advancement and higher-paying roles.

Validation of Experience: RPL acknowledges the value of real-world experience, affirming the skills and knowledge gained through years of practical work. This recognition can boost confidence and enhance professional credibility within the industry.

Certificates Eligible for RPL in Building Education

1. CPC31320 Certificate III in Wall and Floor Tiling

The Certificate III in Wall and Floor Tiling is ideal for individuals looking to specialise in tiling within the building and construction sector. Through RPL, experienced tilers can demonstrate their proficiency in tasks such as preparing surfaces, installing tiles, and grouting, among others. Evidence may include work portfolios, photos of completed projects, and testimonials from clients or employers.

2. CPC40120 Certificate IV in Building and Construction

The Certificate IV in Building and Construction is a valuable qualification for aspiring builders, site managers, and construction supervisors. RPL candidates can showcase their leadership skills, knowledge of construction processes, and ability to interpret building plans and specifications. Evidence might include project documentation, references from colleagues or clients, and records of completed construction projects.

3. CPP41419 Certificate IV in Real Estate Practice

For professionals in the real estate sector, the Certificate IV in Real Estate Practice is essential for obtaining a real estate license and pursuing a career as a real estate agent or property manager. Through RPL, individuals can provide evidence of their industry experience, knowledge of relevant legislation, and proficiency in property sales and management. This evidence may include sales records, client testimonials, and certifications from real estate training programs.

4. CPC50220 Diploma of Building and Construction (Building)

The Diploma of Building and Construction (Building) is designed for experienced builders and construction managers seeking to advance their careers. RPL candidates can demonstrate their expertise in areas such as project management, contract administration, and compliance with building regulations. Evidence may include project management plans, financial reports, and references from clients or industry professionals.

Navigating the RPL Process

Self-Assessment: Begin by assessing your skills, knowledge, and experience against the competency standards of the desired qualification. Identify areas where you can provide evidence to demonstrate your proficiency.

Gather Evidence: Collect relevant documentation, such as work samples, project reports, training certificates, and testimonials. Ensure that your evidence is current, comprehensive, and clearly demonstrates your competency.

Consultation: Seek guidance from an RPL assessor or educational institution experienced in building and construction qualifications. They can provide valuable advice on the evidence required and assist you in preparing your RPL application.

Submission and Assessment: Submit your RPL application along with your evidence portfolio. The assessor will review your submission and assess your competency against the relevant standards. Be prepared to provide additional evidence or clarification if required.

Outcome: Upon successful assessment, you will be awarded the relevant certificate or qualification. This formal recognition validates your skills and opens up new opportunities for career advancement and professional development.

Conclusion

RPL offers a flexible and efficient pathway for professionals in the building and construction industry to obtain formal qualifications and advance their careers. By leveraging their existing skills and experience, individuals can streamline the certification process, save time and money, and gain recognition for their expertise. Whether you're a tiler, builder, real estate agent, or construction manager, exploring RPL can be the key to constructing your knowledge and achieving your career goals in the dynamic field of building education.

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redvisiontechnologies · 3 months

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Imagine this:

You have a big-ticket client doing a monthly SIP of 1.5 lakhs. However, they require funds for their child's marriage.

Now, he wants to stop his monthly SIP and redeem investments that he has made over time. Or maybe he needs the money for a medical emergency and is adamant about redeeming his investment.

You are unable to stop this client from stopping this.

How will this impact you?

Loss of AUM

Loss of income

Stagnate growth

In fact, according to a report by Motilal Oswal, Mutual fund redemptions increased 39% year-on-year to Rs 332,300 crore in CY23.

It has led to a decline in net inflows to Rs 206,300 in 2023 from Rs 238,300 in CY22.

Why has this happened?

Liquidity is the culprit. Let me share an interesting fact with you to relate to this.

Did you know that LIC & PPF make more money than mutual funds?

But when we compare the returnsInvestment ProductAverage returns per annumMutual funds12-15%LIC4-5%PPF6-7%

Mutual funds offer better returns.

So, how is that possible that they make more money? The reason is that Mutual funds are very liquid when compared to other investment products.

The average holding period for LICs and PPFs is more than ten years. While over 50% of mutual funds units of regular plans were redeemed within a year, according to SEBI.

It is evident that the longer you hold investments, the better the compounding. That is why LICs and PPFs make more money than MFs.

But the question remains the same. How to stop premature redemptions?

What could you have done to stop premature redemption?

Scenario 1

When the market falls, clients panic and want to redeem.

To stop your client from redeeming their investment, you should link a purpose to it. The purpose of the investment has a psychological impact. It emotionally attaches the person to their goal.

This ensures that your AUM remains stable even during market turbulence.

However, it may seem like a far-fetched exercise to make goals for every client. Worry not, we have got a solution! Goal GPS with tracker. With this, you can:

Make quick goals, whether planning for child education, retirement, house planning, etc., with a family photo and a goal photo.

Map funds, whether existing or new, and assess the shortfall.

Track goals by sharing proper reports with your clients.

Scenario 2

When clients want funds during an emergency.

At times when there is an emergency, and your client needs money immediately, there is no choice but to redeem their investment.

To solve this, we have got another solution. MFDs can offer loans against mutual funds.

Let us discuss how loans against mutual funds can serve as valuable insurance against client redemption in another blog

For now, As suggested by DP Singh, SBI Mutual fund

Don’t over-sell liquidity in mutual funds, promote longevity of investments. Liquidity is a comfort feature – only to be used in real emergencies. The more you promote liquidity, the more challenges you will face as you keep bringing in new business while redemptions leak out from your AUM. The longevity of investments is the only win-win for your clients and yourself.

Whenever you receive a new lump sum or SIP from your client, make sure to link it with a purpose and ensure longevity of investments. To learn more about how Goal GPS can help you, contact us today!

#mutual fund software for distributors #news

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bimaview · 4 months

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LIC Agent in Uttam Nagar: Your Ultimate Bima View

Introduction

In the lively neighborhood of Uttam Nagar, understanding life insurance is really important. As experienced LIC Agent in Uttam Nagar in this busy community, we know our clients' special needs and dreams. We provide a complete insurance perspective that goes beyond regular coverage.

The Role of LIC Agents in Uttam Nagar

Understanding Local Dynamics

In the vibrant Uttam Nagar neighborhood, having a trustworthy LIC Agent in Uttam Nagar is crucial for financial stability. Our team, deeply connected to the community, understands its unique dynamics. Whether it's the lively markets or peaceful residential areas, we customize our services to meet the diverse needs of Uttam Nagar residents.

Personalized Approach to Insurance

What sets our LIC agency apart is our commitment to providing a personalized touch to every client. We believe in crafting insurance solutions that resonate with individual lifestyles, ensuring that each policy reflects the unique requirements and aspirations of our customers. This personalized approach is the hallmark of our service, setting us apart from the competition.

Comprehensive Range of Insurance Products

Life Insurance for Every Stage

Recognizing that life unfolds in myriad stages, we offer a diverse range of life insurance. Whether you are a young professional embarking on a new journey, a family-focused individual securing your loved ones' future, or a retiree enjoying the golden years, our portfolio is designed to meet your specific needs.

Health Insurance: A Pillar of Well-Being

In an era where health is wealth, our comprehensive health insurance policies provide a safety net for unexpected medical expenses. We understand the importance of robust health coverage, and our plans are curated to ensure that you and your family receive the best possible care without compromising financial stability.

Conclusion

LIC Agent in Uttam Nagar is a trusted and reliable choice. Whether you're new to insurance or want to improve your current coverage, we're here to offer an insurance perspective that goes beyond the usual expectations.

Visit Our Website - www.bimaview.com

#medical insurance plans #bima health insurance #medical insurance companies #life insurance and health insurance #best health insurance plans in dwarka #best home insurance in mohan garden #best health insurance companies in nawada #best life insurance plans in dwarka #bima view health insurance companies in nawada

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thebusinesscorridor · 5 months

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LIC launches new Jeevan Dhara II policy: Offers 11 annuity options and Higher annuity rate

LIC has launched a new deferred annuity plan - Jeevan Dhara II. It provides 11 annuity options, life cover during deferment of 1-15 years, higher annuity rates at higher age, lumpsum death benefit, loan facility, liquidity option and incentive for online purchase. Minimum entry age is 20 years and maximum is 80/70/65 years minus deferment period.

LIC Jeevan Dhara II policy:

According to a statement by Life Insurance Corporation of India (LIC), the annuity is approved right from the beginning. 11 annuity options are available to potential policyholders, revealed by LIC Chairman Siddhartha Mohanty. The non-participating plan offers life cover during a deferment period and provides an increased annuity rate at a higher age, he said.

LIC Jeevan Dhara II policy introduced: Essential information to be known:

A new insurance plan, Jeevan Dhara II – a new insurance policy introduced by LIC is an individual, savings, deferred annuity plan. It is a non-participating and non-linked annuity plan, the insurer said in a press release.

He added, the new LIC Jeevan Dhara II policy – starting from January 22, 2024, can be purchased either through online or offline channels.

Maximum age of entry into the policy:

On January 19, 2024, as per the press release by LIC, stated the new policy has some age criteria –the minimum age to enter into the policy is 20 years and the maximum is 80, 70, and 65 years minus the deferment period depends upon the annuity option selected by an individual.

11 annuity options offered by the new policy:

Additionally, the press release stated, “The annuity is assured right from the beginning and policyholders have a choice of 11 annuity options to choose from.” Also, a provision for higher annuity rates at higher ages is offered.

LIC's Jeevan Dhara II – Annuity option types:

There is a flexible annuity option to choose from,

Regular Premium and Single Premium.

Single Life Annuity and Joint Life Annuity.

For Regular Premium, the available deferment period is from 5 to 15 years

For Single Premium, the deferment period available is from 1 to 15 years.

Mode of Annuity payments:

According to a press release by LIC, “The annuity options once selected cannot be modified. The annuity payment modes available are -- yearly, half-yearly, quarterly, and monthly.”

Key features of LIC Jeevan Dhara II:

During the deferment period of the policy, Life insurance cover is available.

An option is available to increase the annuity under the single premium policy by paying the additional premium. This can be done at any time during the deferment period and while the policy is active.

Policyholders have the option to take death claim proceeds as a lump sum, through annuitisation, or in the form of installments.

An incentive will be provided for the High Premium option when purchased online – i.e. an increase in the annuity rate for existing policyholders/beneficiaries/nominees is offered.

Under premium annuity options, a liquidity option is also available – i.e. an option to get a lump-sum amount in return for a reduction in annuity and other benefits.

During or after the deferment period, a loan facility shall be available under annuity options with the return of premium or purchase price.

Under applicable annuity options selected, benefits are payable under an active policy on the survival/death of the policyholders.

LIC insurance policies -- Earlier launches:

Earlier, the Jeevan Utsav Insurance plan launched by LIC, which is a lifetime guaranteed income plan. 10% of the sum assured is paid back annually after the specified years, based on the selected Premium Paying Term (Regular to Flexi Income).

#market segments #market analysis #economy #gold jewelry #share market

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searcharoundyou · 7 months

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Unraveling the Best Insurance Plans for Health, Life, and Vehicles, with a Focus on Family Health Insurance

In an era of unpredictability, securing your future requires a strategic approach to insurance planning. This guide explores the best insurance plans for health, life, and vehicles, shedding light on the vital aspects of family health insurance.

Best Insurance Plans for Health, Life, and Vehicles:

Health Insurance - Shielding Your Well-being: Health insurance is a cornerstone of financial well-being. Options like Max Bupa, Apollo Munich, ICICI Lombard, Star Health, and New India Assurance offer comprehensive coverage. Evaluate features such as hospitalization, pre and post-hospitalization expenses, and outpatient care to find the perfect fit for your health needs.

Life Insurance - Safeguarding Loved Ones: Life insurance ensures the financial security of your loved ones. Providers like LIC, HDFC Life, ICICI Prudential, SBI Life, and Max Life Insurance offer diverse policies. Explore term insurance, whole life coverage, and endowment plans to align with your long-term financial goals.

Vehicle Insurance - Protecting Your Journeys: Beyond legal obligations, vehicle insurance is a practical necessity. Consider Bajaj Allianz, HDFC ERGO, New India Assurance, Reliance General Insurance, and ICICI Lombard for comprehensive coverage against accidents, theft, and third-party liabilities.

Best Health Insurance Plans for Family:

Max Bupa Health Insurance - Family Well-being at Its Core: Max Bupa's family health insurance plans stand out with extensive coverage. Enjoy benefits like cashless hospitalization, maternity coverage, and post-waiting period coverage for pre-existing illnesses.

Apollo Munich Optima Restore - Innovation in Family Coverage: Apollo Munich's Optima Restore offers an innovative family floater plan. Features like the Restore and Multiplier benefits make it an attractive choice. Restore automatically reinstates the sum insured, while Multiplier rewards claim-free years.

Conclusion:

Navigating the insurance landscape is a crucial step toward a secure future. Whether it's health, life, or vehicles, the best insurance plans provide a safety net and peace of mind. Tailor your choices to your specific needs, building a comprehensive insurance portfolio that safeguards your well-being and that of your loved ones. Remember, these plans aren't just policies; they're investments in a stable and prosperous future.

>> Unveiling the Best Insurance Plans for Health, Life, and Vehicles

#insurance plans #health insurance

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healthdoc · 7 months

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Discovering the Best Insurance Plans for Health, Life, and Vehicles

In the diverse and dynamic landscape of insurance in India, finding the right protection for your health, life, and vehicles is crucial. The market is flooded with options, making it challenging to identify the best insurance plans that align with your specific needs. In this article, we will delve into the key considerations and guide you on how to find the best insurance plans for health, life, and vehicles in India.

Best Insurance Plans for Health:

Comprehensive Health Coverage: Seek health insurance plans that provide comprehensive coverage, including hospitalization, outpatient services, and critical illnesses. A robust health insurance policy should act as a financial safety net for unforeseen medical expenses.

Network of Hospitals: Opt for health insurance plans that have a wide network of hospitals and healthcare providers. Accessibility to quality medical facilities is crucial, especially during emergencies.

Affordability and Premiums: While looking for the best health insurance plans, balance comprehensive coverage with affordability. Compare premiums, deductibles, and co-payments to find a plan that fits your budget without compromising on essential coverage.

Best Health Insurance Plans in India:

Apollo Munich (Now HDFC ERGO): Renowned for its comprehensive health insurance plans, HDFC ERGO provides a range of policies catering to different needs. Their network of hospitals across India ensures widespread accessibility to quality healthcare.

Max Bupa Health Insurance: Max Bupa is known for its customer-centric approach and a variety of health insurance plans. Their policies often come with additional benefits such as health check-ups and wellness programs.

Best Insurance Plans for Life:

Term Life Insurance: Term life insurance remains a popular choice in India, providing pure protection for a specified term. Look for plans that offer substantial coverage at affordable premiums, ensuring financial security for your loved ones.

Whole Life Insurance: Whole life insurance, with its lifelong coverage and potential cash value accumulation, is another option to consider. Evaluate the long-term benefits and premiums to make an informed decision.

Riders and Add-ons: Explore life insurance plans that offer riders or add-ons for enhanced coverage. Riders such as critical illness cover or accidental death benefit can provide additional layers of protection.

Best Life Insurance Plans in India:

LIC (Life Insurance Corporation of India): As one of the oldest and most trusted insurance providers in India, LIC offers a range of life insurance plans. Their policies often come with attractive features and a strong reputation for claims settlement.

ICICI Prudential Life Insurance: ICICI Prudential is known for its diverse portfolio of life insurance products. Their plans cater to different needs and financial goals, making them a popular choice among policyholders.

Finding the Best Insurance Plans for Vehicles in India:

Comprehensive Coverage: When it comes to vehicle insurance, seek comprehensive coverage that includes protection against third-party liabilities, own damage, and additional benefits like roadside assistance.

No Claim Bonus (NCB): Look for insurance providers that offer a No Claim Bonus, providing discounts on premiums for claim-free years. This can significantly reduce the cost of insurance over time.

Online Services and Claim Process: Evaluate the online services and ease of the claim process offered by insurance providers. A seamless online experience and efficient claims processing can add convenience during stressful situations.

Best Vehicle Insurance Plans in India:

New India Assurance Company: The New India Assurance Company is a government-owned insurer known for its reliable vehicle insurance plans. They offer a range of policies with customizable coverage options.

Bajaj Allianz General Insurance: Bajaj Allianz is recognized for its innovative approach to insurance and offers comprehensive vehicle insurance plans. Their policies often come with features like 24x7 roadside assistance.

Conclusion:

In the vast and varied landscape of insurance in India, finding the best insurance plans for health, life, and vehicles requires careful consideration of coverage, affordability, and the reputation of the insurance provider. By exploring reputable insurers and comparing their offerings, you can navigate the Indian insurance market with confidence, ensuring you have the protection you need for a secure and worry-free future.

#insurance plans #health insurance plans

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shikhachopra · 10 months

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Government Plans of Letting PSB Leaders Work Longer. Recent news suggests that the central government is considering allowing top executives of major public sector banks, like LIC and SBI, to work for three more years until they are 65 years old instead of 62. A high-ranking official from the Finance Ministry, who was talking to PTI, confirmed they have received a suggestion to extend the time these officials can serve in PSBs. At the same time, this proposal also talks about increasing the age at which the chairpersons of LIC and SBI retire, going from the current 62 years to 65 years.

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brewyork · 1 year

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Your NYC Summer Beer Event Guide

The scene from Kills Boro’s Pizza Party on Staten Island in 2021 (Photo: Chris O'Leary)

Memorial Day Weekend marks the unofficial start of summer and the slightly-more official start of beer drinking season, and if there’s one thing New York City knows, it’s hot fun in the summer sun. So, here’s a lineup of a few beer events coming up in the five boroughs as the weather heats up, if you crave some summer crushers or some beach brews.

Threes Summer of Pils (June 2nd-9th)

Kicking things off in early June is Threes Brewing’s first week-long celebration of all things Pilsner: Summer of Pils, June 2nd through 9th. The lineup includes a whole host of events highlighting the style, including two panel discussions with the nation’s leading lager-makers, a kickoff party on Governors Island, beer launches, pairings, and specials, and a closing can jam celebrating New York City-brewed beer. Check out the full list of events and plan accordingly.

NYC Brewers Guild Celebration of Pride (June 18th)

Mark Pride Month with a beery celebration put on by the NYC Brewers Guild at LIC’s Focal Point Beer Co. on Sunday, June 18th from noon to 6pm. The pay-as-you-go mini-fest will feature beers from a more than a dozen New York City brewers like Fifth Hammer, Finback, Torch & Crown, and Wild East — all beers brewed especially for Pride. Tickets start at $15 for entry and two pours, and there’s a $60 option that offers a pour from each brewery in attendance. All proceeds go to both the guild and the LGBTQIA+ community.

Other Half Green City (June 23rd & 24th)

As mentioned in a past edition of the newsletter, Other Half’s Green City will return this year as a scaled-back celebration of all things hoppy, hazy, and refreshing being hosted in their taproom in Gowanus, Brooklyn across two four-hour sessions on Friday evening and Saturday afternoon, June 23rd and 24th. Breweries from down the road and across the country will pour their finest creations and food vendors will be available. Tickets start at $65 per session.

Kills Boro Pizza Party (July 29th)

The most Staten Island beer event possible returns for its third year on July 29th. Kills Boro Brewing’s Pizza Party — a beer festival featuring some of the region’s top brewers and the island’s top pizzas — will be held again this year at the Smug Harbor Cultural Center. The outdoor event is a four-hour, picnic-style celebration of beer and pizza in a lovely park setting. Early-bird tickets are available now for $55.

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insights10 · 1 year

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The life insurance market in India has seen significant growth over the years, driven by increasing awareness about financial planning and the need for life insurance. With a population of over 1.3 Bn people, India is one of the fastest-growing economies in the world, and the life insurance market has become a crucial component of its financial sector.

The COVID-19 pandemic has highlighted the importance of having lifeinsurance as a safety net, leading to an increase in demand for life insurance products. The industry has responded by launching new products and services that cater to the changing needs of customers, such as term plans with COVID-19 coverage and digital platforms that enable customers to buy insurance online. Here are some key trends in the India Insurance Market: ◾ Swiss Re announced investing Rs. 920 crores in Paytm's insurance business in October 2021 ◾ In FY23*, the public and private sectors' respective shares of first-year premiums were 31.42% and 67.72% ◾ The private sector's share of general and health insurance in India increased from 48.03% in FY20 to 49.3% in FY21 ◾ RelianceNippon LifeInsuranceSiddipet (RNLI) secured a 40,000-square-foot space from adanirealty in BKC on a five-year lease in November 2020 for use as its corporate headquarters ◾ Life Insurance Corporation of India, the nation’s sole public sector life insurer, remained the market leader with about 67.72% of the new business market share in FY23 ◾ A record first-year premium income of Rs. 206,893.51 crores (US$ 25.32 Bn) was attained by LIC in FY23 under the individual assurance business ◾ In June 2021, LIC Housing Finance Limited declared its intention to raise Rs. 2,334.69 crores (US$ 312.43 Mn) by issuing equity shares to LIC in a preferential manner ◾ As part of the banking and insurance industry restructuring outlined in the Union Budget 2021, Finance Minister Ms. Nirmala Sitharaman declared that LIC’s initial public offering (IPO) would take place in FY22 ◾ The Indian government intends to sell a 7% interest in LIC in 2022 for a total price of Rs. 50,000 crores ($6.62 Bn). This is the largest initial public offering (IPO) in India Overall, the life insurance market in India is poised for continued growth, driven by favorable demographic trends, increasing financial literacy, and the need for long-term financial planning. Write us 📧 at [email protected] for the detailed analysis

#insights10 #india #finance #insurancemarket #insuranceindustry #healthinsurance

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nalawadeinsuranceconsultancy · 1 year

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LIC Child Education Plan, Best Child Education Plans in Pune, Child Insurance Plan, Pune

LIC Child Education Plan helps you protect your savings and safeguard your child's future. Best child education insurance policy in Pune. LIC (Life Insurance Corporation) offers various child education plans to help parents save for their children's future education expenses. Under this plan, the policyholder pays premiums for a fixed term, and at the end of each policy year during the term, a percentage of the sum assured is paid back to the policyholder.

At maturity, the remaining sum assured is paid back along with any bonuses that may have accrued during the policy term. Overall, the LIC New Children's Money Back Plan is a good option for parents looking to save for their child's education while also ensuring financial security for their family. However, it's important to carefully evaluate the policy terms and conditions before investing and to also consider other investment options that may better suit one's financial goals and risk appetite.

LIC Child Education Plan helps you plan, invest and cover financial risks in the years to come so that your child’s future is safeguarded against the uncertainties of life. You want your child to be taken care of even when you are not able to do so or you are not around to do so. Child education plans are investment plans that help to plan children's future financial requirements. There are a large number of child insurance plans in India, so parents do not have it easy when it comes to selecting the best child education plan.

While some children have clear career plans others take time to get there. Your child’s dreams and ambitions will change as he or she grows up. Your child's insurance plan has to be robust enough to support your child’s changing aspirations. We realize that one child plan may not work for you, therefore we choose the options from different plans and create a specialized plan to support your financial goals for your child.

A child insurance plan is a financial product that provides financial security and savings for a child's future education, marriage, or other life events. These plans typically require the policyholder to pay regular premiums for a fixed term and provide a lump sum payout at the end of the term or on the occurrence of certain events.

When choosing a child insurance plan, it's important to consider factors such as the policy term, premium payments, payout options, and investment funds. It's also recommended to compare plans from multiple insurers and consult with a financial advisor before making a decision.

Life Insurance Corporation of India offers two types of child education plans which are money-back variants. LIC’s New Children’s Money Back Plan is a traditional money-back plan and Jeevan Tarun's plan which is a combination of endowment and money-back plan. For More Details Visit Nalawade Insurance Consultancy for LIC Child Education Plan.

Visit:

#LIC Child Education Plan #Best Child Education Plans In Pune #Child Insurance Plan

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redvisiontechnologies · 3 months

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How can the liquidity of Mutual funds become a problem for MFDs?

Imagine this:

You have a big-ticket client doing a monthly SIP of 1.5 lakhs. However, they require funds for their child's marriage.

Now, he wants to stop his monthly SIP and redeem investments that he has made over time. Or maybe he needs the money for a medical emergency and is adamant about redeeming his investment.

You are unable to stop this client from stopping this.

How will this impact you?

Loss of AUM

Loss of income

Stagnate growth

In fact, according to a report by Motilal Oswal, Mutual fund redemptions increased 39% year-on-year to Rs 332,300 crore in CY23.

It has led to a decline in net inflows to Rs 206,300 in 2023 from Rs 238,300 in CY22.

Why has this happened?

Liquidity is the culprit. Let me share an interesting fact with you to relate to this.

Did you know that LIC & PPF make more money than mutual funds?

But when we compare the returnsInvestment ProductAverage returns per annumMutual funds12-15%LIC4-5%PPF6-7%

Mutual funds offer better returns.

So, how is that possible that they make more money? The reason is that Mutual funds are very liquid when compared to other investment products.

The average holding period for LICs and PPFs is more than ten years. While over 50% of mutual funds units of regular plans were redeemed within a year, according to SEBI.

It is evident that the longer you hold investments, the better the compounding. That is why LICs and PPFs make more money than MFs.

But the question remains the same. How to stop premature redemptions?

What could you have done to stop premature redemption?

Scenario 1

When the market falls, clients panic and want to redeem.

To stop your client from redeeming their investment, you should link a purpose to it. The purpose of the investment has a psychological impact. It emotionally attaches the person to their goal.

This ensures that your AUM remains stable even during market turbulence.

However, it may seem like a far-fetched exercise to make goals for every client. Worry not, we have got a solution! Goal GPS with tracker. With this, you can:

Make quick goals, whether planning for child education, retirement, house planning, etc., with a family photo and a goal photo.

Map funds, whether existing or new, and assess the shortfall.

Track goals by sharing proper reports with your clients.

Scenario 2

When clients want funds during an emergency.

At times when there is an emergency, and your client needs money immediately, there is no choice but to redeem their investment.

To solve this, we have got another solution. MFDs can offer loans against mutual funds.

Let us discuss how loans against mutual funds can serve as valuable insurance against client redemption in another blog

For now, As suggested by DP Singh, SBI Mutual fund

Whenever you receive a new lump sum or SIP from your client, make sure to link it with a purpose and ensure longevity of investments. To learn more about how Goal GPS can help you, contact us today!

Visit Us

#mutual fund software for distributors #tumblog #news

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paybimainsurance · 1 year

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LIC Plan - 5 Years Double Money

5-year LIC Plans: Read the blog to learn about the best 3 LIC plans you can choose in 2023. Find out more about the LIC Bhagya Lakshmi Plan, the New Jeevan Mangal Plan, and the Saral Jeevan Bima.

You should be aware that LIC does not offer any such five-year investment plan that doubles your money. Therefore, the LIC plan's 5-year double-money feature is not a given. However, there are a number of LIC plans that, through accrued bonuses and investments in the market, provide higher returns at maturity.

Let's look at these 6-5 year LIC short-term plans and see what they have to offer.

1. LIC Bhagya Lakshmi Plan. One of the life insurance plans created for India's low-income population is this one. When the policyholder's limited payment protection plan matures, they will receive a 110% return of their premium payments. The minimum and maximum premium payment terms are 5 and 13 years, respectively. The minimum and maximum sums assured are 50,000 and 2,000, respectively. When the policyholder reaches age 65, the plan becomes mature. The sum assured is the same as the death benefit amount. The death benefit amount, however, is only provided in the event that the policyholder passes away during the policy's term.

2. LIC's New Jeevan Mangal Plan One of the top LIC policies for the past five years is the New Jeevan Mangal Plan. It is a pure protection plan with the advantage of a premium return at the conclusion of the policy term. You can choose between paying the premium in a lump sum or on a recurring basis as you select this plan. You have the option of paying the premiums on a monthly, quarterly, half-yearly, or annual basis if you decide to do so. You will be given the option to purchase the coverage up until you pay the premium. The minimum and maximum entry ages for this plan are 18 and 55, respectively. The minimum sum assured amount is INR 50,000 and the maximum is INR 2,00,000.

3. LIC Saral Jeevan Bima You can get short-term risk coverage on your life by purchasing this 5-year insurance policy. Your family will receive the sum assured if you pass away during the policy's coverage period. This plan guarantees that even in the unfortunate event of your passing, your family won't face financial hardship. The minimum and maximum age requirements to purchase this plan are 18 and 65, respectively. And the minimum sum assured amount is INR 5,00,000 while the maximum is INR 25,00,000.

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skytrustunitedstates · 1 year

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Retail Investors: the unknown entity for IPOs

Every year a company goes public with its first IPO. Multiple investors invest in the IPO, but the fact that boggles people is that there is more than one type of investor in an IPO. Today, we discover more about who retail investors are in an IPO.

What is an IPO?

An IPO or Initial Public Offering is a process by which a private company offers shares of its stock to the public for the first time. This allows the company to raise capital from a large number of investors who are willing to buy shares in the company.

Investing in an IPO can provide investors with the potential for significant IPO investment returns. When a company’s stock is initially offered to the public, it is often priced below its true value in order to generate interest and demand for the shares. If the company performs well and its stock price rises, early investors in the IPO can realize significant gains in the form of capital appreciation.

In India, IPO investment has become increasingly popular in recent years as the country’s economy has grown and more companies have looked to go public. The IPO investment process in India typically involves submitting an application to purchase shares through a broker or online trading platform. Investors may also need to fulfill certain eligibility criteria, such as having a Demat account or meeting minimum investment requirements.

When it comes to IPO investment strategy, there are a few key factors to consider. One is the company’s financials, including its revenue growth, profitability, and debt levels. It’s also important to evaluate the company’s industry type and competition, as well as its management team and business plan. Additionally, investors should consider the IPO valuation and whether the price being offered represents a good value.

One recent IPO that has garnered much attention is the LIC IPO investment, which refers to the planned public offering of shares in India’s largest insurer, Life Insurance Corporation of India. The LIC IPO is expected to be one of the largest IPOs in Indian history, and many investors are eagerly anticipating the opportunity to participate.

Overall, IPO investment can be a lucrative way for investors to gain exposure to exciting new companies and potentially earn significant returns. However, it’s important to approach IPOs with caution and do thorough research before making any investment decisions.

What are retail investors?

Retail investors are individual investors who buy and sell securities for their personal accounts rather than on behalf of an organization or institution. In the context of an IPO, retail investors are those who invest in the company’s shares during the public offering process, typically through a broker or online trading platform.

In India, retail investors play a significant role in IPOs, as they make up a large portion of the total number of investors. Retail investors India often have limited investment experience and knowledge and typically invest smaller amounts compared to institutional investors. However, their collective investments can still have a significant impact on the success of an IPO.

Retail investors meaning can vary from country to country but generally refers to individual investors who are not considered part of the professional investing community. Retail investors typically have access to fewer investment options and resources compared to institutional investors and may face greater risks due to their lack of expertise and market knowledge.

One of the advantages of being a retail investor in an IPO is the opportunity to participate in the early stages of a company’s growth and potentially benefit from the stock’s appreciation over time. Retail investors can also benefit from the ability to buy shares at the same price as institutional investors, which can be a rare opportunity to access a new and potentially profitable investment opportunity.

However, investing in an IPO can also be risky, as the stock may not perform as expected or may be subject to volatility in the early days of trading. Retail investors may also face challenges in obtaining allocations of shares due to high demand or limited availability.

In conclusion, retail investors play an important role in IPOs, particularly in India, where they make up a significant portion of the investing community. While IPO investment can offer the potential for significant returns, it’s important for retail investors to do their due diligence and carefully evaluate the risks and opportunities before making any investment decisions.

Things you need to know about retail investors in an IPO

An IPO, or Initial Public Offering, is a process by which a private company offers shares of its stock to the public for the first time. In this process, retail investors play a crucial role in determining the success of the IPO. Retail investors, or individual investors, are typically less experienced and invest smaller amounts compared to institutional investors. However, their collective investments can still have a significant impact on the overall demand for shares and the success of the IPO. In this segment, we will discuss the things you need to know about retail investors in an IPO, including their role, benefits, risks, and how to approach investing in an IPO as a retail investor.

There is a limit to the amount they can invest.

The IPO retail investors limit in India is currently set at Rs. 2 lakhs. This means that retail investors can only invest up to this amount in an IPO. Any amount invested above this limit will result in the investor being classified as a High Net Worth Individual (HNI).

Once classified as an HNI, investors will no longer be entitled to the benefits that retail investors enjoy. These benefits include things like discounted prices, lower minimum investment requirements, and priority allocation of shares.

This policy is in place to ensure fair access to IPOs for all investors, regardless of their wealth. By capping the amount that retail investors can invest, the market is able to offer more equitable opportunities to both small and large investors alike.

While the IPO retail investors limit may be disappointing for some investors who were hoping to invest more, it is important to remember that these limits are in place to protect investors and ensure that the market remains fair and transparent. Investors who exceed the retail investor limit and become classified as HNIs may still have the opportunity to invest in IPOs, but they will need to do so under different terms and conditions.

Freedom to invest and liquidate: No lock-in period for retail investors in IPOs!

When a company goes public with an Initial Public Offering (IPO), a certain portion of the shares are reserved for retail investors, typically, this amounts to about 35% of the total shares offered to the public. This allows smaller individual investors to participate in the offering and potentially profit from the growth of the company.

However, this allocation percentage only applies to companies that meet a certain requirement. Specifically, companies must have a track record of generating continuous profits for at least the past three years. If a company fails to meet this condition, it is allowed to allocate a much smaller percentage of shares to retail investors – typically around 10% of the total offering.

The reason for this condition is to protect retail investors from investing in companies that may not have a solid financial track record. By requiring a history of profitability, companies are demonstrating a certain level of financial stability and reliability that can help to reassure investors.

While this may limit the number of shares that retail investors can obtain in certain companies, it also helps to protect them from the risks of investing in companies that may not have a strong financial foundation. Investors who are interested in participating in an IPO should always research the company thoroughly and evaluate their own risk tolerance before making any investment decisions.

Exclusive Access: Retail investors get a special share allocation in IPOs

When a company decides to go public by issuing shares for the first time, a certain percentage of the shares are reserved for retail investors. Normally, this percentage is around 35% of the total shares offered to the public. The allocation of a certain portion of the shares to retail investors is intended to enable small investors to participate in the IPO and potentially profit from the growth of the company.

However, there is a caveat to this allocation. The percentage reserved for retail investors applies only to companies that have a track record of profitability for at least three years preceding the IPO. Companies that fail to meet this criterion are only allowed to allocate a smaller percentage of shares to retail investors, typically about 10% of the total shares offered.

The rationale behind this restriction is to protect retail investors from investing in companies that may not have a proven financial track record. By requiring companies to demonstrate consistent profitability, retail investors can be confident in the financial stability and reliability of the company, reducing the risk of losing their investment.

While this policy may limit the number of shares available to retail investors in certain companies, it serves the greater good by ensuring that investors are not exposed to undue financial risks. Retail investors who are interested in investing in an IPO should always perform due diligence and evaluate the risks and potential returns of the investment.

Logical Nivesh is a financial literacy company that can help individuals better understand IPO investments, including the role of retail investors in the process. An IPO, or Initial Public Offering, is when a private company offers shares of its stock to the public for the first time. Retail investors, or individual investors, are those who invest in the company’s shares during the public offering process. In India, retail investors play a significant role in IPOs, as they make up a large portion of the total number of investors.

Logical Nivesh can help educate individuals on the IPO investment process, including factors to consider, such as the company’s financials, industry and competition, management team, and valuation. They can also provide guidance on how to approach investing in an IPO as a retail investor, including the benefits and risks involved.

logicalnivesh.com

#Retail Investors: the unknown entity for IPOs #logicalnivesh #delhi #india

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anurupautomobiles · 1 year

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Municipal Corporations On The Path Of Progress By TDP

Andhra Pradesh has 7 Municipal Corporations and 110 Municipalities. That is 117 municipal bodies. As per the 2001 census. The urban population of Andhra Pradesh is 2,05,03,597. It is 27.08 percent of the total population of the state. There are only 1,78,09,067 people in 117 Municipal Corporations. Shri. Nara Chandrababu Naidu is a visionary who's obsessed with effectiveness and technology. The TDP government had made significant development in the history of the state. The TDP Leaders who worked for the people and the limitations of the state government helped the state achieve numerous development programs. This led to numerous projects which allowed the state of Andhra Pradesh to be where it's now. The news on these municipal corporations and Municipalities is followed on TDP Live Updates.

According to Urban Vision-2020, by the year 2020, all the cities and towns of Andhra Pradesh will be well planned, financially supported, socially just, have a healthy environment, have a good culture, and live in a friendly environment. The financial condition of Municipal Corporations has deteriorated. and accounts over the years still need to be completed. The TDP Government had ruled the state for further than a decade under the presence of the founder NTR and is continued by Nara Chandrababu Naidu with a vision for the future of the state and made it possible for the future generations with the help of numerous Top TDP Leaders and Best TDP MLA Candidates.

In the past i.e. about five years ago 80% of the development works of the Municipal Corporations were unable to calculate at least the salaries of the staff on time and the financial condition of the Municipal Corporations deteriorated to such an extent that they could not pay the dues to AP Transco, electricity dues, HUDCO, LIC, etc. in crores and the accounts were not completed for years. But since the last five years i.e. from 1998-99, the improvement in the performance of the Municipal Corporations and the improvement in their financial condition can be identified due to the financial reform undertaken in the Municipal Corporations and due to the administrative changes undertaken to bring the administrative machinery closer to the people and the necessary measures to increase the working efficiency of the Municipal Corporation machinery. These are often considered TDP Contributions made by the government and is said to be some of the Top TDP Achievements.

#latest TDP news #TDP party

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ctechstudy · 1 year

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Top 10 Insurance Companies in India

Life insurance is an agreement between a person and an insurer that commits the latter to guarantee payment of a certain sum to the policyholder's family in the terrible event of a sudden death.

Without a death, a maturity benefit—a sum assured—is given when the insurance achieves its maturity. Many insurance companies also provide optional coverage for serious conditions.

The best life insurance provider is one that gives customers the most coverage at the lowest price.

1. Max Life Insurance Company

Max Financial Services Ltd., was founded in 2000. This life insurance company strives to give its clients the right level of financial security. Each of these insurance plans that Max Life provides is brimming with benefits and other essential features, depending on the individual's needs.

2. AEGON Life Insurance Company

AEGON Life Insurance Company was established in 2008, employs a multi-channel marketing strategy to help individuals make better decisions. AEGON N. V., a leading supplier of asset management, pensions, and life insurance products, created AEGON Life Insurance in partnership with Bennett Coleman and Company, the Times Group, India's largest newspaper company.

The business has launched several services to provide clients with opportunities to meet their financial objectives. Numerous reasonably cost life insurance products are available from AEGON Life Insurance Company.

3. Bharti AXA Life Insurance Company

The Bharti AXA Insurance Company Ltd. frequently appears in a list of Indian life insurance providers. It is a recognized corporate organization in India with links to the farming, finance, and telecommunications industries. There are several insurance alternatives available from Bharti AXA Life Insurance Company.

4. Bajaj Allianz Life Insurance Company

Bajaj Allianz Life Insurance Ltd. was established by a collaboration between Bajaj Finserv Limited and Allianz SE, one of the leading insurers in the world. On May 2, 2001, the Company was granted a registration certificate by the IRDA, enabling it to conduct general insurance business in India. In response to shifting consumer needs and desires, Bajaj Allianz Life Insurance Limited has released new insurance products.

5. HDFC Life Insurance

HDFC Life Insurance Company is a joint venture between Standard Life Aberdeen PLC and Housing Development Finance Corporation Ltd. Business operations began there in the year 2000, and the company's headquarters are in Mumbai, Maharashtra.

6. LIC Life Insurance Company

LIC is one of the financial institutions that was established in India for several nation-building programs. This insurance provider is frequently recognized as among India's best. After collecting funds from customers through life insurance contracts, LIC's main responsibility is to invest in different government holdings and global financial markets.

7. Pramerica Life Insurance Company

Pramerica Life Insurance Company was established as a consequence of the cooperation between Prudential International Insurance Holdings Ltd. and Dewan Housing Finance Co. Ltd. There are 138 sites for insurance firms around the country. Before becoming DHFL, it was formally known as Pramerica Life Insurance Limited. The corporate office of Pramerica Life Insurance Company Ltd. is located in Gurugram.

The business has given its clients' families more than $1 billion in life insurance payouts throughout its more than 40 years of existence. It offers a selection of business and private life insurance coverage. All of these insurance plans were established specifically to satisfy the needs of the subscribers. Primerica offers term life insurance alone.

8. Exide Life Insurance Company

Exide Life Insurance is one of India's top 10 most reliable companies. Providing long-term security and financial solution plans is the company's main objective. In the insurance sector, it has a great track record of incentive payouts as well as a strong traditional product line. The business has gone above and beyond basic life insurance by offering choices for need-based insurance coverage. It is a private, independent life insurance company.

9. Kotak Mahindra Life Insurance

Kotak Mahindra Life insurance business Ltd. is a collaboration between Old Mutual Ltd. and the pan-African banking, investment, and savings organization Kotak Mahindra Bank Ltd. Indian-based Kotak Mahindra Life Insurance Corporation Ltd offers individual life insurance. The company was started in 2001. On April 8, 1986, the company adopted Kotak Mahindra Finance Company Limited as its legal name.

10. Reliance Life Insurance Company

Reliance Capital & Nippon Life collaborated to establish the Reliance Nippon life insurance company. It began operations in 2001 and quickly became one of the most well-liked life insurance companies among individuals acquiring insurance plans.

#Top 10 Insurance Companies #Insurance Companies

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