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n7india · 4 months
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Deoghar: SBI Life Insurance के खिलाफ Consumer Forum ने सुनाया फैसला, दावेदार को इतने लाख रूपये भुगतान के आदेश
Deoghar: देवघर जिला उपभोक्ता संरक्षण फोरम ने अपने एक फैसले में परिवादियों के पक्ष में आदेश देते हुए एस बी आई लाइफ इंश्योरेंस को भुगतान का आदेश दिया है। मामला इंश्योरेंस किये हुए व्यक्ति की मृत्यु हो जाने के बाद उसके आश्रितों को बीमा राशि का भुगतान नहीं करने से जुड़ा है। जानकारी के अनुसार पिता बद्री प्रसाद तिवारी ने 11 लाख रुपए का बीमा एसबीआई लाइफ इंश्योरेंस कंपनी से कराया हुआ था। पिता की मृत्यु…
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shlipayadavblog · 2 years
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SBI Life Insurance net profit jumps 26% in January-March quarter
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Private sector insurer SBI Life Insurance reported a 26 per cent jump in net profit in the January-March quarter (Q4FY22), aided by premium growth. The insurer reported a net profit of Rs 672 crore in the quarter compared to Rs 532.38 crore in the year-ago period, beating street estimates.
Its premiums increased by 12 per cent year-on-year (YoY) to Rs 17,434 crore, with the first year premium growing by 5.3 per cent. Renewal and single premium of the insurer grew by 14.6 per cent and 11.2 per cent, respectively, in the same period.
“Premium growth remained in line, while shortfall in other income was off-set by lesser benefits paid as well as decline in actuarial liability. As a result, net profit for the quarter was up 26 per cent YoY,” said ICICI Securities.
For the full year, new business premium grew by 23 per cent to Rs 25,460 crore in FY22, driven by strong growth in regular premium business by 25 per cent. Value of new business (VNB) of the company grew by 39 per cent YoY to Rs 3,700 crore and new business margin, a measure of profitability, stood at 26 per cent, up 270 basis points over last year.
VNB is the present value of expected future earnings from new policies written during a specified period. It reflects the additional value expected to be generated through writing of new policies during a specified period. The 13th month persistency stood at 88.35 per cent in FY22 versus 87.92 per cent in FY21.
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ananda34 · 8 days
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Delving Deep: Comparing Claims Paid Ratio of Life Insurance Companies
In the labyrinth of life insurance plans, where countless options abound, choosing the right policy often feels like navigating a maze blindfolded. Among the myriad factors to consider, the claims paid ratio stands as a beacon of transparency, offering insight into the reliability and trustworthiness of life insurance companies. Today, we embark on a journey to unravel the significance of claims paid ratio and compare the performance of leading life insurance corporations in this critical aspect.
Understanding Claims Paid Ratio:
Before we delve into the comparison, let’s illuminate the concept of claims paid ratio. Simply put, it represents the percentage of insurance claims settled by an insurer against the total number of claims received within a specific period. For policyholders, it serves as a vital metric, reflecting the insurer’s ability to fulfill its financial obligations when the need arises.
A high claims paid ratio signifies prompt and efficient settlement of claims, instilling confidence among policyholders regarding the insurer’s reliability. Conversely, a low ratio might raise red flags, indicating potential issues with claim processing or financial stability.
Importance of Evaluating Claims Paid Ratio:
In the realm of life insurance, where the stakes are high and the implications profound, the importance of evaluating claims paid ratio cannot be overstated. Here’s why:
Trustworthiness Assurance: For individuals contemplating the purchase of a life insurance policy, trust is paramount. A high claims paid ratio offers tangible evidence of an insurer’s commitment to honoring its promises, fostering trust and credibility.
Financial Security: Life insurance policies are designed to provide financial security to beneficiaries in times of need. A robust claims paid ratio reinforces this assurance, assuring policyholders that their loved ones will receive the intended benefits without undue hassle or delay.
Risk Mitigation: Assessing claims paid ratio enables policyholders to mitigate the risk of investing in insurers with questionable track records. By opting for companies with consistently high ratios, individuals can safeguard their financial interests and peace of mind.
Comparative Analysis of Leading Life Insurance Companies:
Now, let’s shift our focus to the comparison of claims paid ratio among prominent life insurance companies. By analyzing the performance of these insurers, we aim to shed light on their reliability and customer-centric approach.
1. Life Insurance Corporation (LIC):
As the behemoth of the Indian insurance industry, Life Insurance Corporation (LIC) commands unparalleled trust and market dominance. With a legacy spanning decades, LIC boasts a commendable claims paid ratio, reflecting its steadfast commitment to policyholder welfare.
2. HDFC Life Insurance:
HDFC Life Insurance, a stalwart in the private insurance sector, has carved a niche for itself with its customer-centric approach and innovative product offerings. The company’s claims paid ratio underscores its efficiency in claim settlement, earning accolades from discerning policyholders.
3. ICICI Prudential Life Insurance:
ICICI Prudential Life Insurance, a formidable player in the insurance landscape, prides itself on its robust risk management practices and service excellence. The company’s high claims paid ratio reaffirms its standing as a trustworthy partner in safeguarding the financial interests of its customers.
4. SBI Life Insurance:
Backed by the formidable synergy of State Bank of India and BNP Paribas Cardif, SBI Life Insurance has emerged as a formidable contender in the insurance arena. With a competitive claims paid ratio, the company epitomizes reliability and transparency in claim settlement processes.
Conclusion:
In the labyrinth of life insurance options, where choices abound and decisions carry weighty consequences, the claims paid ratio serves as a guiding light, illuminating the path to prudent decision-making. By evaluating this critical metric and comparing the performance of leading life insurance companies, individuals can make informed choices, safeguarding their financial future and ensuring peace of mind for themselves and their loved ones.
In the pursuit of financial security, let us remember that beyond the numbers and statistics lies the essence of trust, integrity, and reliability — the cornerstones of a fulfilling life insurance experience. Choose wisely, and embark on a journey of prosperity and protection with a partner you can trust.
As we conclude our exploration, may the insights gleaned empower you to navigate the realm of life insurance with confidence and clarity, forging a path towards a brighter, more secure future.
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ajaydey852 · 8 days
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Mr. Santanu Pramanik CEO & Founders Pramanik Group Of Education
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Born with a passion for education, Mr. Santanu Pramanik founded Pramanik Tutorial, now known as Home Tutors or Pramanik Group Of Education, in 2012 with a vision to provide quality education and healthcare services to students and patients across West Bengal.
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With a strong determination and an unwavering commitment to his vision, Mr. Pramanik established Pramanik Group Of Education as one of the oldest tutorial & educational consultancy in the country. Under his leadership, Home Tutors or Pramanik Group Of Education has grown exponentially and is now operating in more than 10 districts in West Bengal.
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Mr. Pramanik’s dedication and hard work have been instrumental in establishing Home Tutors or Pramanik Group Of Education as a leading name in the education and educational consultancy industry. He has been an inspiration to his team and has always encouraged them to strive for excellence in their work.
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As the founder , Chairperson and CEO of Home Tutors or Pramanik Group Of Education , Mr. Pramanik has been involved in every aspect of the company’s growth and success. His hands-on approach and leadership skills have played a key role in the expansion of the company’s operations.
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Today, Home Tutors or Pramanik Group Of Education is recognized for its exceptional education and educational consultancy , and Mr. Pramanik’s vision and leadership continue to guide the company towards greater success. His unwavering commitment to excellence and his passion for education and healthcare have earned him the respect and admiration of his peers in the industry.
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With a commitment to integrity, empathy, and accuracy, Home Tutors or Pramanik Group Of Education has been able to establish itself as a trusted service provider in the education and educational consultancy industry. The company’s headquarters are located in West Bengal Kolkata, and it is currently functioning in more than 10 districts in the region.
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As a Google-certified private limited company, Pramanik Group Of Education provides Class I-XII & College level education and also offers competitive exam (Nda ,Ssc Cgl ,Aptitude test , JEE Advanced ,Sbi Po ,Aiims ,Bitsat ,Defence exams ,IPPB exam ,Law entrance exams,Upsc Cse,Bank Competitive Exams In India ,Ibps Po ,JEE Main ,Viteee ,Clat ,Indian Economic Service Examination ,Insurance exams ,LSAT India ,Railway exams ,Ailet ,Cds ,Ceed ,Ctet ,AIIMS & NEET etc…..) preparation services. The Pramanik Group Of Education company’s official website, https://linktr.ee/home.tutors & company’s official phone number +918420597201 & official WhatsApp number is +918420597201 provides comprehensive information about its services and facilities.
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Mr. Pramanik’s leadership skills and entrepreneurial spirit have been instrumental in the growth and success of Pramanik Group Of Education. His official website https://linktr.ee/santanu.pramanik, provides further insights into his life and work.
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alipadas · 9 days
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Mr. Santanu Pramanik CEO & Founders Pramanik Group Of Education
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Born with a passion for education, Mr. Santanu Pramanik founded Pramanik Tutorial, now known as Home Tutors or Pramanik Group Of Education, in 2012 with a vision to provide quality education and healthcare services to students and patients across West Bengal.
Tumblr media
With a strong determination and an unwavering commitment to his vision, Mr. Pramanik established Pramanik Group Of Education as one of the oldest tutorial & educational consultancy in the country. Under his leadership, Home Tutors or Pramanik Group Of Education has grown exponentially and is now operating in more than 10 districts in West Bengal.
Tumblr media
Mr. Pramanik’s dedication and hard work have been instrumental in establishing Home Tutors or Pramanik Group Of Education as a leading name in the education and educational consultancy industry. He has been an inspiration to his team and has always encouraged them to strive for excellence in their work.
Tumblr media
As the founder , Chairperson and CEO of Home Tutors or Pramanik Group Of Education , Mr. Pramanik has been involved in every aspect of the company’s growth and success. His hands-on approach and leadership skills have played a key role in the expansion of the company’s operations.
Tumblr media
Today, Home Tutors or Pramanik Group Of Education is recognized for its exceptional education and educational consultancy , and Mr. Pramanik’s vision and leadership continue to guide the company towards greater success. His unwavering commitment to excellence and his passion for education and healthcare have earned him the respect and admiration of his peers in the industry.
Tumblr media
With a commitment to integrity, empathy, and accuracy, Home Tutors or Pramanik Group Of Education has been able to establish itself as a trusted service provider in the education and educational consultancy industry. The company’s headquarters are located in West Bengal Kolkata, and it is currently functioning in more than 10 districts in the region.
Tumblr media
As a Google-certified private limited company, Pramanik Group Of Education provides Class I-XII & College level education and also offers competitive exam (Nda ,Ssc Cgl ,Aptitude test , JEE Advanced ,Sbi Po ,Aiims ,Bitsat ,Defence exams ,IPPB exam ,Law entrance exams,Upsc Cse,Bank Competitive Exams In India ,Ibps Po ,JEE Main ,Viteee ,Clat ,Indian Economic Service Examination ,Insurance exams ,LSAT India ,Railway exams ,Ailet ,Cds ,Ceed ,Ctet ,AIIMS & NEET etc…..) preparation services. The Pramanik Group Of Education company’s official website, https://linktr.ee/home.tutors & company’s official phone number +918420597201 & official WhatsApp number is +918420597201 provides comprehensive information about its services and facilities.
Tumblr media
Mr. Pramanik’s leadership skills and entrepreneurial spirit have been instrumental in the growth and success of Pramanik Group Of Education. His official website https://linktr.ee/santanu.pramanik, provides further insights into his life and work.
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pkajal123 · 10 days
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Mr. Santanu Pramanik CEO & Founders Pramanik Group Of Education
Tumblr media
Born with a passion for education, Mr. Santanu Pramanik founded Pramanik Tutorial, now known as Home Tutors or Pramanik Group Of Education, in 2012 with a vision to provide quality education and healthcare services to students and patients across West Bengal.
Tumblr media
With a strong determination and an unwavering commitment to his vision, Mr. Pramanik established Pramanik Group Of Education as one of the oldest tutorial & educational consultancy in the country. Under his leadership, Home Tutors or Pramanik Group Of Education has grown exponentially and is now operating in more than 10 districts in West Bengal.
Tumblr media
Mr. Pramanik’s dedication and hard work have been instrumental in establishing Home Tutors or Pramanik Group Of Education as a leading name in the education and educational consultancy industry. He has been an inspiration to his team and has always encouraged them to strive for excellence in their work.
Tumblr media
As the founder , Chairperson and CEO of Home Tutors or Pramanik Group Of Education , Mr. Pramanik has been involved in every aspect of the company’s growth and success. His hands-on approach and leadership skills have played a key role in the expansion of the company’s operations.
Tumblr media
Today, Home Tutors or Pramanik Group Of Education is recognized for its exceptional education and educational consultancy , and Mr. Pramanik’s vision and leadership continue to guide the company towards greater success. His unwavering commitment to excellence and his passion for education and healthcare have earned him the respect and admiration of his peers in the industry.
Tumblr media
With a commitment to integrity, empathy, and accuracy, Home Tutors or Pramanik Group Of Education has been able to establish itself as a trusted service provider in the education and educational consultancy industry. The company’s headquarters are located in West Bengal Kolkata, and it is currently functioning in more than 10 districts in the region.
Tumblr media
As a Google-certified private limited company, Pramanik Group Of Education provides Class I-XII & College level education and also offers competitive exam (Nda ,Ssc Cgl ,Aptitude test , JEE Advanced ,Sbi Po ,Aiims ,Bitsat ,Defence exams ,IPPB exam ,Law entrance exams,Upsc Cse,Bank Competitive Exams In India ,Ibps Po ,JEE Main ,Viteee ,Clat ,Indian Economic Service Examination ,Insurance exams ,LSAT India ,Railway exams ,Ailet ,Cds ,Ceed ,Ctet ,AIIMS & NEET etc…..) preparation services. The Pramanik Group Of Education company’s official website, https://linktr.ee/home.tutors & company’s official phone number +918420597201 & official WhatsApp number is +918420597201 provides comprehensive information about its services and facilities.
Tumblr media
Mr. Pramanik’s leadership skills and entrepreneurial spirit have been instrumental in the growth and success of Pramanik Group Of Education. His official website https://linktr.ee/santanu.pramanik, provides further insights into his life and work.
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college-buz · 11 days
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Vodafone Idea Secures Rs 5,400 Crore from Anchor Investors Ahead of FPO
As Vodafone Idea (VIL) prepares for its much-anticipated Follow-On Public Offering (FPO), the telecom giant has successfully closed its anchor book allocation, raising a substantial Rs 5,400 crore from both global and domestic investors. This significant investment marks a pivotal moment for the company, positioning it strategically as it gears up for the next phase of growth.
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The anchor book allocation, comprising 490.9 crore shares allotted to 74 funds, saw enthusiastic participation from esteemed investors at Rs 11 per share, reflecting confidence in VIL’s potential. Among the notable investors are GQG Partners Emerging Markets Equity Fund, Fidelity, UBS Fund Management, Abu Dhabi Investment Authority, and others, alongside domestic heavyweights like Motilal Oswal Mutual Fund, HDFC Mutual Fund, and SBI General Insurance.
This achievement places Vodafone Idea’s anchor book as the third-largest in history, following the footsteps of One 97 Communications and Life Insurance Corporation (LIC), which raised Rs 8,235 crore and Rs 5,627 crore, respectively, in their anchor rounds. Such substantial support underscores the confidence investors have in VIL’s future prospects.
The forthcoming FPO, scheduled to open for public subscription on April 18 and conclude on April 22, is poised to be the country’s largest, with a price band set between Rs 10 and Rs 11 per share. This monumental fundraising endeavor is expected to inject fresh capital into VIL, empowering the company to bolster its position in the fiercely competitive Indian telecom market.
With industry giants like Reliance Jio and Bharti Airtel dominating the landscape, Vodafone Idea aims to leverage these funds to fortify its presence, accelerate the much-awaited 5G rollout, enhance 4G services, and address pending vendor dues. Additionally, the infusion of capital will enable VIL to execute its ambitious plans of matching its competitors’ offerings and stemming the tide of subscriber attrition.
The road ahead hasn’t been easy for Vodafone Idea, grappling with a daunting debt burden of Rs 2.1 lakh crore and consecutive quarterly losses. Despite these challenges, the company remains resolute in its commitment to rejuvenate its operations and emerge stronger in the ever-evolving telecom sector.
As the telecom landscape continues to evolve, Vodafone Idea’s strategic moves and robust investor support signal a new chapter in its journey towards revitalization and sustainable growth. With the stage set for its transformative FPO, all eyes are on VIL as it navigates through the dynamic telecom terrain, poised for a resurgence in the days to come.
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joininsurancecareer · 19 days
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Become an Insurance Advisor with SBI Life
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Become an Insurance Advisor with SBI Life
Choosing to Become an Insurance Advisor with SBI Life allows you to develop and be flexible in managing your time. Becoming an Insurance Advisor with SBI Life gives you the satisfaction of helping others reach their goals. You can take assistance from Join Insurance Career to Become an Insurance Advisor with SBI Life.
What is the reason to Become an Insurance Advisor with SBI Life?
Endless earning potential
There is no capital investment requirement
The chance to become your boss and enjoy flexibility with your work hours
An opportunity to make a difference by helping people meet their financial goals.
Enrolling in a professional program when looking to Become an Insurance Advisor with SBI Life is essential?
When looking to Become an Insurance Advisor with SBI Life, enroll in an accredited professional program at Join Insurance Career to improve your selling skills as you work towards your professional license. You can take part in regular sales classes or take courses explicitly designed to help insurance professionals.
To Become an Insurance Advisor with SBI Life, our professionals assist you in developing the abilities you need to manage client relationships. We also help you understand the typical problems you may confront as an insurance professional. Through our expert guidance, you will learn about the efficient sales method you can use.
How do I apply to Become an Insurance Advisor with SBI Life?
To Become an Insurance Advisor with SBI Life, the candidates can fill out their applications online.
Visit the official website of SBI Life (www.sbilife.co.in)
Look for the advertisement on the official site.
To Become an Insurance Advisor with SBI Life, update more details like personal details, educational details etc.,
Make sure to fill out the form without mistakes.
Attach all documents in the prescribed dimensions.
To Become an Insurance Advisor with SBI Life, verify all information to determine if the information is correct or not.
No application costs to apply for this position.
Get printout copies or Xerox copies of your completed application form for future reference.
How Do Experts at Join Insurance Career Help?
We only work with trusted brands in the insurance industry. They are the market leaders, and they are known for their best products, customer focus, claim settlement ratios, affordable premium, and customer service. These companies offer the best agent commission, best-in-class recognition, and rewards. So, join your hands to become a protector in someone’s life!
Get Best Guidance to turn your career
Some Reputed Companies We Work Together With Include:
TATA AIA Life Insurance
TATA AIG Insurance
TATA Mutual Fund
Care Health Insurance
ICICI Lombard Insurance
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Understanding SBI Life Share Price: Factors, Analysis, and Strategies
SBI Life, a leading life insurance company in India, has garnered significant attention from investors, with its share price being a focal point of interest. In this article, we delve into the dynamics behind SBI Life share price, exploring the factors influencing its movements, analyzing historical trends, and discussing strategies for investors.
Factors Influencing SBI Life Share Price
Market Conditions: The overall market environment plays a crucial role in determining SBI Life's share price. Factors such as economic indicators, geopolitical tensions, and investor sentiment can impact the broader market sentiment, consequently affecting the company's stock price.
Financial Performance: The financial performance of SBI Life is a key determinant of its share price. Metrics such as revenue growth, profitability, and solvency ratios are closely scrutinized by investors to gauge the company's financial health and future prospects, thereby influencing its stock valuation.
Regulatory Changes: Changes in regulatory policies governing the insurance industry can have a significant impact on SBI Life's operations and, consequently, its share price. Regulatory developments pertaining to product offerings, distribution channels, or capital requirements can lead to fluctuations in investor sentiment and stock performance.
Analyzing Historical Trends
Growth Trajectory: Analyzing SBI Life's historical share price movements provides insights into its growth trajectory. Examining patterns of upward or downward trends, as well as periods of volatility, helps investors understand the underlying factors driving the stock's performance over time.
Volatility Patterns: Volatility is inherent in the stock market, and SBI Life's share price is no exception. Studying the volatility patterns of the company's stock enables investors to assess risk levels and formulate appropriate investment strategies to capitalize on market fluctuations.
Impact of Industry News and Events
Market Sentiment: News and events related to the insurance industry, such as regulatory updates, competitive landscape changes, or technological innovations, can shape investor sentiment towards SBI Life. Positive developments may boost confidence in the company's prospects, leading to an uptick in its share price, while negative news could trigger sell-offs and price declines.
Competitor Performance: The performance of SBI Life's competitors also influences its share price dynamics. Comparative analysis with other players in the insurance sector allows investors to benchmark SBI Life's performance and assess its competitive positioning, which in turn affects investor perceptions and stock valuation.
Investor Strategies in Response to Share Price Fluctuations
Long-term Investment Outlook: Some investors adopt a long-term investment approach, focusing on SBI Life's fundamental strengths and growth prospects. They may view share price fluctuations as opportunities to accumulate quality stocks at attractive valuations, with the expectation of reaping rewards over the long term.
Short-term Trading Approaches: Others may engage in short-term trading strategies, capitalizing on SBI Life's share price volatility to generate quick profits. These traders closely monitor technical indicators, market news, and sentiment trends to execute timely buy or sell decisions, aiming to capitalize on short-term price movements.
Conclusion
In conclusion, SBI Life's share price is influenced by a myriad of factors, including market conditions, financial performance, regulatory changes, industry news, and investor sentiment. Understanding these dynamics is essential for investors to make informed decisions and navigate the complexities of the stock market effectively.
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sayaliacharya7 · 1 month
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Life Insurance Policy
SBI Life Insurance Company offers a range of life insurance plans and policies in India, to help you protect you and your family. Buy life insurance policy at affordable premium.
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newoninternet · 1 month
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Exploring Excellence: Top Performers in Insurance, Car Policies, Jhumar Design, and Musical Lyrics
In the realm of , several companies stand out for their exceptional performance and customer satisfaction. Among these, notable names include HDFC Ergo, ICICI Lombard, Bajaj Allianz, and SBI General Insurance. These companies have consistently garnered praise for their reliability, prompt claim settlements, and comprehensive coverage options. Their commitment to customer service and innovative insurance solutions has earned them recognition as the best performing insurance companies in India.
When it comes to car insurance policies, certain names emerge as leaders in the industry. Companies like Tata AIG, Reliance General Insurance, and New India Assurance offer comprehensive coverage, competitive premiums, and hassle-free claim processes. These policies often include benefits such as roadside assistance, cashless repairs, and coverage for third-party liabilities, providing peace of mind to car owners across the country. best car insurance company in india
In the world of design, the Jhumar holds a special place as a traditional Indian ornamentation. Jhumar design ideas are characterized by their intricate patterns, delicate craftsmanship, and vibrant colors. These designs are often seen adorning clothing, jewelry, home décor, and ceremonial items, adding a touch of elegance and cultural richness to any setting.
On a musical note, "Nitin Mukesh Shree Ram Stuti" lyrics stand as a beautiful ode to the Hindu deity Lord Rama. Composed and sung by the renowned Nitin Mukesh, these lyrics praise Lord Rama's virtues, valor, and divine attributes. The devotional nature of the song, combined with Nitin Mukesh's soulful rendition, makes it a cherished piece among devotees and music enthusiasts alike.
In conclusion, whether it's in the realm of insurance, car policies, design, or music, excellence abounds in various forms across India. From top-performing insurance companies to intricately crafted Jhumar designs and soul-stirring musical renditions, these elements enrich the cultural and societal tapestry of the nation.
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redvisiontechnologies · 2 months
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How can the liquidity of Mutual funds become a problem for MFDs?
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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!
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saheniindexia · 2 months
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Finance in Kolkata
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Introduction to Finance in Kolkata
Finance in Kolkata encompasses a broad spectrum of activities related to managing money, investments, and financial planning. From traditional banking services to modern investment options, Kolkata offers a plethora of opportunities for individuals and businesses to manage their finances effectively.
Financial Services Available in Kolkata
Banking Services
Kolkata is home to numerous banks, both nationalized and private, offering a comprehensive range of banking services, including savings accounts, loans, credit cards, and investment products.
Investment Services
The city boasts a vibrant stock market and investment ecosystem, with brokerage firms, investment advisors, and wealth management companies assisting individuals and businesses in making sound investment decisions.
Insurance Services
Insurance companies in Kolkata provide a wide array of insurance products, including life insurance, health insurance, property insurance, and vehicle insurance, to safeguard individuals and businesses against unforeseen risks.
Taxation Services
Tax consultants, chartered accountants, and tax advisory firms in Kolkata offer expert guidance on tax planning, compliance, and optimization strategies to individuals and businesses, ensuring adherence to regulatory requirements.
Importance of Finance in Kolkata
Finance plays a pivotal role in driving economic growth, promoting investment, and fostering entrepreneurship in Kolkata. Access to financial services facilitates capital formation, promotes savings and investment, and spurs innovation and economic development in the region.
Challenges and Opportunities in the Financial Sector
While the financial sector in Kolkata offers immense opportunities for growth and expansion, it also faces certain challenges, including regulatory compliance, technological advancements, market volatility, and competition from fintech startups. However, these challenges present opportunities for innovation, collaboration, and adaptation, enabling financial institutions to stay ahead in the rapidly evolving landscape.
Top Financial Institutions in Kolkata
State Bank of India (SBI)
As one of the largest public sector banks in India, SBI has a significant presence in Kolkata, offering a wide range of banking and financial services to individuals and businesses across the city.
HDFC Bank
HDFC Bank is a leading private sector bank in India, known for its innovative products, customer-centric approach, and robust technology platform, serving the financial needs of customers in Kolkata and beyond.
ICICI Bank
ICICI Bank is another prominent private sector bank in India, providing a comprehensive suite of banking, investment, and insurance products to customers in Kolkata, catering to their diverse financial needs.
Axis Bank
Axis Bank, with its extensive network of branches and ATMs, offers a wide range of banking and financial services, including retail banking, corporate banking, and investment banking, catering to the needs of individuals and businesses in Kolkata.
Conclusion
Finance plays a vital role in driving economic growth and development in Kolkata, offering a wide range of financial services to individuals, businesses, and institutions. With a mix of traditional banking services and modern financial solutions, Kolkata's financial sector continues to evolve, providing opportunities for growth, innovation, and prosperity in the region.
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ananda34 · 27 days
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Unveiling the Top POSP Insurance Companies Redefining the Indian Market
In a world fraught with uncertainties, insurance stands as a beacon of financial security. As India's insurance sector continues to burgeon, the role of Point of Sales Persons (POSPs) becomes pivotal in facilitating access to insurance products. Among the myriad of options available, discerning customers seek the best POSP insurance company to safeguard their interests comprehensively. Today, we delve into the realm of insurance to unravel the top POSP insurance companies in India, catering to diverse needs and preferences, all under one roof.
Understanding POSP Insurance
Before we dive into the specifics, let's elucidate the concept of POSP insurance. Point of Sales Person (POSP) plays a pivotal role in the insurance sector, acting as intermediaries between insurance companies and customers. They facilitate the purchase of insurance policies, guiding customers through the plethora of options available, ensuring they make informed decisions tailored to their requirements.
Criteria for Evaluation
To identify the crème de la crème of POSP insurance companies in India, we employed a meticulous evaluation process. Factors such as product offerings, customer service, claim settlement ratio, financial stability, and overall reputation were scrutinized to ascertain the contenders deserving recognition.
The Crème de la Crème: Top POSP Insurance Companies in India
1. ICICI Lombard General Insurance Company Limited
ICICI Lombard stands as a stalwart in India's insurance landscape, renowned for its diverse product portfolio and customer-centric approach. With a robust presence across the country and a vast network of POSPs, ICICI Lombard ensures seamless accessibility to insurance solutions. From health insurance to motor insurance and beyond, ICICI Lombard emerges as a beacon of reliability and trustworthiness.
2. HDFC ERGO General Insurance Company Limited
HDFC ERGO epitomizes excellence in the insurance realm, offering a plethora of innovative products and unparalleled customer service. With a steadfast commitment to technological integration and customer satisfaction, HDFC ERGO stands as a preferred choice for discerning customers seeking comprehensive insurance coverage.
3. Bajaj Allianz General Insurance Company Limited
Bajaj Allianz embodies the ethos of trust and reliability, garnering accolades for its customer-centric approach and innovative product offerings. With a wide array of insurance solutions catering to diverse needs, Bajaj Allianz emerges as a frontrunner in the realm of POSP insurance companies in India.
4. SBI General Insurance Company Limited
SBI General Insurance, a subsidiary of the State Bank of India, commands immense trust and credibility in the Indian insurance market. With a robust network of POSPs and a comprehensive suite of insurance products, SBI General Insurance ensures unparalleled accessibility and reliability for customers across the country.
5. Reliance General Insurance Company Limited
Reliance General Insurance stands as a testament to innovation and customer-centricity, offering a gamut of insurance solutions tailored to meet evolving needs. With a strong emphasis on technological integration and seamless customer experience, Reliance General Insurance emerges as a formidable player in the POSP insurance landscape.
Conclusion
In a dynamic and ever-evolving insurance landscape, the role of POSP insurance companies becomes paramount in ensuring widespread accessibility and customer satisfaction. Through our exploration, we've shed light on the top POSP insurance companies in India, distinguished by their unwavering commitment to excellence and customer-centricity. Whether it's health insurance, motor insurance, or any other insurance need, these companies stand ready to safeguard your interests and provide peace of mind in an uncertain world. So, embark on your insurance journey with confidence, knowing that you're in safe hands with these esteemed POSP insurance companies in India.
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