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#SBI LIFE INSURANCE
rupalilife · 2 years
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Website : https://www.rupalilife.com/
Address : 5433 Pine Lane Dr, Jackson, MS 39211
Phone : +1 601-510-9311
Rupali Life Insurance Company Limited (RLIC) is one of the leading Life Insurance Companies in Bangladesh for last years. We have a very dignified management with magnificent professional Identity, illustrious educational background and honesty. The Company transact a wide range of Life Insurance business in Bangladesh and has gradually developed goodwill and expertise in the field with sound and stable financial position. Rupali Life Insurance Company`s primary method of distribution around the country is the agency network. RLIC's agency offices, servicing centers and affiliates market with a broad range of life insurance product through a network of some agents & development officers countrywide. We emphasize professional skill development through continuous education and field training. We are proud of our transparent and accountable services being rendered to our valued customers at their utmost satisfaction. Our quality products have already drew the attraction of general mass. We are relentlessly working towards our desired goal.
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onlineconsumerforum · 6 months
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How To Resolve Insurance Complaints? - Voxya
Using the following steps you can resolve Insurance complaints:
Carefully review the terms and conditions of your insurance policy at the time of purchase and use the free lookup period if issues arise.
Initiate the complaint process with your insurance company.
If your issue remains unresolved, escalate the complaint to the Insurance Regulatory and Development Authority of India (IRDA) through email or a toll-free number.
You can also file an insurance claim complaint with the Insurance Ombudsman for attention and resolution.
If the problem persists, consider seeking legal recourse by sending a formal notice to the insurance company through a legal representative, demanding a resolution within a reasonable timeframe.
If all else fails, you have the option to file a case against the insurance company in the consumer court.
Additionally, you can file a complaint on Voxya, an online consumer forum, for various insurance-related issues like policy cancellations, settlement disputes, refund requests, claims for compensation, or reimbursement for legal expenses.
Voxya is an online consumer complaints forum, trusted by 2 lac+ consumers. File a complaint at Voxya, to get a replacement, refund, and compensation quickly, Trusted by 2 lac+ consumers.
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publictaknews · 1 year
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LIC, SBI Life Insurance among top losers, Adani Group shares fall
Indian stocks traded lower on Wednesday as insurance companies declined, while Adani Group shares declined after the country’s Union Budget proposed to limit tax exemptions for insurance income. The Nifty 50 index was down 0.3% at 17,636, while the S&P BSE Sensex was up 0.3% at 59,714.32 as of 2:28 PM. The index rose up to 2% after Finance Minister Nirmala Sitharaman raised the exemption limit…
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మినీ ఆధార్ సెంటర్ స్టార్ట్ చెయ్యండి | Start Mini Adhaar Center from Home/Shop
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suhtaeyong · 1 year
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technoblade’s entirely average babysitting gig by opheliabloo
sleepy bois inc/sbi
chaptered, completed
34,267
“Perfect. Absolutely perfect.” Phil takes a scone, nodding. “Have you taken out any life insurance lately?” Techno only laughs. Phil laughs too. They laugh for approximately fifteen seconds. It’s weird.
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or: techno takes on a sketchy babysitting gig to make some money. he’s not entirely sure they’re not trying to murder him.
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newskart65265 · 8 days
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Navigating the Landscape: A Comprehensive Guide to Insurance Companies in India
Insurance plays a vital role in safeguarding individuals, businesses, and assets against unforeseen risks and uncertainties. In India, the insurance sector has witnessed significant growth and transformation, with a diverse range of insurance companies offering a multitude of products and services. In this comprehensive guide, we'll delve into the landscape of insurance companies in India, exploring their types, offerings, regulatory framework, market trends, and factors to consider when choosing an insurance provider.
 
Types of Insurance Companies in India
Life Insurance Companies: These companies offer life insurance products that provide financial protection to policyholders and their families in case of death, disability, or critical illness. Examples include LIC (Life Insurance Corporation of India), ICICI Prudential Life Insurance, HDFC Life Insurance, and SBI Life Insurance.
General Insurance Companies: General insurance companies provide non-life insurance products covering a wide range of risks such as health, motor vehicles, property, travel, and liability. Some prominent players in this segment include ICICI Lombard General Insurance, New India Assurance, United India Insurance, and Bajaj Allianz General Insurance.
Health Insurance Companies: These companies specialize in health insurance products that cover medical expenses, hospitalization costs, and related healthcare services. Key players in the health insurance sector include Star Health and Allied Insurance, Apollo Munich Health Insurance (now HDFC ERGO Health Insurance), Max Bupa Health Insurance, and Religare Health Insurance (now Care Health Insurance).
Reinsurance Companies: Reinsurance companies provide risk management solutions to primary insurance companies by assuming a portion of their risk exposure. Notable reinsurance companies operating in India include General Insurance Corporation of India (GIC Re) and ITI Reinsurance Ltd.
 
Offerings and Products
Insurance companies in India offer a wide range of products and services tailored to meet diverse customer needs. Some common offerings include:
Term Insurance: Provides pure life cover for a specified term, offering financial protection to the policyholder's beneficiaries in case of death during the policy term.
Whole Life Insurance: Offers coverage for the entire lifetime of the insured individual, with benefits payable to beneficiaries upon the insured's demise.
Endowment Plans: Combines insurance coverage with savings/investment components, providing maturity benefits or bonuses along with life cover.
ULIPs (Unit Linked Insurance Plans): Link insurance coverage with investment options, allowing policyholders to invest in equity, debt, or hybrid funds while enjoying life insurance benefits.
Health Insurance: Covers medical expenses, hospitalization costs, diagnostic tests, and other healthcare-related expenses, ensuring financial protection against medical emergencies.
Motor Insurance: Includes two-wheeler insurance, car insurance, and commercial vehicle insurance, providing coverage against damage, theft, third-party liability, and personal accident.
Home Insurance: Protects homeowners against risks such as fire, theft, natural disasters, and property damage, offering peace of mind and financial security for residential properties.
 
Regulatory Framework and Oversight
The insurance sector in India operates under the regulatory framework established by the Insurance Regulatory and Development Authority of India (IRDAI). Key aspects of the regulatory framework include:
Licensing and Registration: Insurance companies must obtain licenses and registrations from IRDAI to operate in India, ensuring compliance with regulatory standards and guidelines.
Product Approval: IRDAI reviews and approves insurance products and policies to ensure they meet consumer protection standards, transparency, and fairness.
Market Conduct Regulations: IRDAI enforces regulations related to market conduct, fair practices, customer grievance redressal, and dispute resolution mechanisms to safeguard policyholders' interests.
Solvency and Capital Requirements: Insurance companies must maintain adequate solvency margins and capital reserves to meet obligations and ensure financial stability.
Disclosure and Reporting: Insurance companies are required to disclose information related to their financial performance, products, pricing, and risk management practices through periodic reporting to IRDAI and public disclosures.
 
Market Trends and Innovations
The insurance industry in India has witnessed several trends and innovations that are shaping the market landscape:
Digital Transformation: Insurance companies are embracing digital technologies to enhance customer experience, streamline processes, and offer online services such as policy purchase, claims processing, and customer support.
Customized and Niche Products: Insurers are developing customized and niche insurance products tailored to specific customer segments, such as millennials, senior citizens, entrepreneurs, and rural populations.
Health and Wellness Programs: Many insurance companies are focusing on health and wellness initiatives, offering wellness programs, preventive healthcare services, and incentives for policyholders to adopt healthy lifestyles.
Usage-Based Insurance: With advancements in telematics and IoT (Internet of Things), insurers are exploring usage-based insurance models for vehicles, where premiums are based on actual usage, driving behavior, and risk factors.
Insurtech Collaboration: Collaboration with insurtech startups and technology firms is driving innovation in product development, distribution channels, underwriting processes, and data analytics within the insurance industry.
 
Factors to Consider When Choosing an Insurance Provider
When selecting an insurance company in India, consider the following factors to make an informed decision:
Financial Strength and Stability: Evaluate the insurer's financial ratings, solvency ratios, claim settlement record, and reputation in the market to ensure financial stability and reliability.
Product Range and Coverage: Assess the insurer's product portfolio, coverage options, add-on benefits, exclusions, and policy terms to choose products that meet your specific insurance needs.
Customer Service and Support: Consider the insurer's customer service quality, responsiveness, ease of claims processing, grievance redressal mechanisms, and support channels available to policyholders.
Premiums and Pricing: Compare premium rates, deductibles, co-payments, discounts, and renewal terms across insurers to find competitive pricing and value-for-money insurance solutions.
Claim Settlement Process: Research the insurer's claim settlement process, turnaround time for claim processing, transparency in documentation requirements, and track record of claim settlement ratios.
Online Services and Technology: If you prefer digital interactions, evaluate the insurer's online platforms, mobile apps, self-service options, and digital capabilities for policy management, renewals, and payments.
 
Conclusion: Embracing Protection and Peace of Mind
Insurance companies in India play a pivotal role in providing protection, financial security, and peace of mind to individuals and businesses. By understanding the types of insurance companies, their offerings, regulatory framework, market trends, and factors to consider when choosing an insurance provider, consumers can make informed decisions and navigate the insurance landscape effectively. Embrace the value of insurance in mitigating risks, securing assets, and safeguarding against uncertainties, ensuring a resilient and protected future for you and your loved ones.
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Achieve Business Brilliance At The Best B.com Colleges In Kolkata
Nowadays, getting a B.Com degree is important for a commerce student, but it is not enough. It is not easy to find high-paying jobs for B.Com graduates if one has not chosen the right B.com college. This blog will help you find the best B.com college in Kolkata. Just completing a degree can’t promise you a great career after b.com but the college that provides you with the right set of skills, great placements and state-of-the-art infrastructure is crucial. Amity University Kolkata is the best college in Kolkata, it makes its students ready for a great career in commerce. 
Scope for B.Com in different sectors
There are too many options available for you after pursuing a B.com course in Kolkata from Amity University. Some of them are listed below.
Banks
B.com graduates generally opt for the banking sector because banks have large-scale accounting operations. A B.Com graduate is proficient in handling financial transactions. Both private & PSU banks choose B.Com graduates as they are skilled in banking operations as part of their course. A plethora of private sector banks are functioning in the country that offer exceptional employment possibilities to commerce graduates. For PSU, bank candidates can appear in different exams that IBPS, & SBI conduct for recruiting officers and executives.
Finance
India is home to many Non-Banking Finance Companies (NBFC) that offer guaranteed & unsecured loans for different purposes. They operate under RBI regulations and cannot accept deposits, but are interested in financing activities.
These NBFCs hire B.Com graduates as they are proficient in accounting, taxation, & commercial operations.
Accounting
As discussed earlier, there is enormous scope for B.com graduates in accounting because they are dexterous in managing the accounts and finances of the company. All firms like to have clean accounts because they want to decrease the auditing cost every year.
Insurance
India offers an expansive market because of its middle class having exemplary purchasing power. The scope for B.Com increases because both life and general insurance products are popular among the masses. The B.com graduates are specialists in accounting who service clients by citing premiums and other advantages as part of their insurance plan.
Taxation
In this field, B.com holders can go for chartered accountants, financial risk managers, tax consultants, tax specialists, senior tax managers, tax compliance managers, cost estimators, lecturers, stockbrokers, financial analysts, and actuaries. Many people struggle to file tax returns because they cannot file returns online. B.Com graduates aid clients in filing returns and generating their tax statements, saving them from last-minute nuisances.
Education
There is immense scope for B.Com graduates in the education sector students can opt for a B.Ed and accordingly become a TGT or PGT.  Students clearing the National Eligibility Test (NET) are also eligible jobs of lecturer and professors. 
Wealth Management
If you are familiar with the various investment options that provide good returns, then wealth management is an excellent career for you. With expertise in accounts & business mathematics, B.com graduates can become wealth managers & help people create wealth through intelligent investment moves.
Apply today!!
Amity is the premium B.com college in Kolkata. Aspiring students are encouraged to grab this opportunity to be a part of the community dedicated to academic superiority, personal development, and professional success.
Source: https://amityuniversitykolkata.blogspot.com/2024/05/achieve-business-brilliance-at-best.html
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petnews2day · 12 days
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Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Tata Power and Oil India today
New Post has been published on https://petn.ws/5uRAI
Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Tata Power and Oil India today
Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, started off Monday’s session on a positive note, led by financials following post-results gains in SBI Life Insurance and ICICI Bank. Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, states that the persistent selling by FIIs, which is brought on […]
See full article at https://petn.ws/5uRAI #OtherNews
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ananda34 · 22 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 · 23 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.
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.
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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 · 23 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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davidjohn4252 · 23 days
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Sum insured vs sum assured
Sum insured is the coverage for damage whereas Sum assured is a pre-defined sum payable to nominee. Learn the difference between sum insured vs sum assured at SBI Life.
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pkajal123 · 24 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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college-buz · 25 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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