About LIC The Life Insurance Corporation of India (LIC) is, India's largest life insurer, has been in operation for more than 65 years. Around 245 private life insurance businesses were merged and nationalized to become LIC in 1956. For Fiscal 2021, it holds a 64.1 percent market share in terms of premiums (or GWP), 66.2 percent market share in terms of New Business Premium (or NBP), 74.6 percent market share in terms of individual policies issued, and 81.1 percent market share in terms of group policies issued. It is also India's largest asset manager. It was the country's only life insurance business until 2000. LIC's product line is diverse and covers a wide range of categories in both individual and group products. Savings insurance products, term insurance products, health insuran
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When you apply for a home loan, it is vital that you plan your finances well so that you can manage the repayment. You must ensure that you have sufficient resources to repay the EMI (equated monthly instalment) on time every month till the end of loan term. If you fail to repay even a single EMI or delay the payment even by a single day, it could have a significant impact on your financial credibility and you may lose valuable points on your credit score. So, how to manage EMI payment on time? The following tips can help you. Borrow responsibly One of the most effective ways to manage home loan EMI payments on time is to borrow responsibly. You must use an online EMI calculator to determine the exact EMI payable for the amount you want to borrow. If the EMI is high and does not f
Read MoreChoosing the right investment product among many options can often become a daunting task. However, you can simplify this task by considering some important factors before zeroing on to the right product. In a fast-growing economy like India, the market is flooded with different investment opportunities. Unfortunately, while many of these investments can help you to meet your financial goals, some of them can prove to be a disappointment for your investment portfolio. Therefore, it is important to determine your financial goals and objectives before embarking on your portfolio building journey. Once you are clear about the returns you want from your investments, you are all set to identify the right investment product. Factors to Consider Before Choosing an Investment Product A
Read MoreOpen receivables collection from the debtors is one of the most tiring procedures to take care of, by any business people, especially entrepreneurs. Handling online dunning procedures, sending incessant reminders by mail and so is too much to work on with rising marketing issues and financial crises. It would be mayhem if the companies continue doing their open receivables collections on their own. That is why, it is recommended to approach the receivables management services, even if you are eligible then you could avail yourself of your first reminder for free of charge. Before going deep into the procedure to be done for collecting outstanding debts let us first understand what is receivables management? The account receivables are defined as the amount of invoice, the debtor has to pa
Read MoreThe insurance market has these days become very competitive and to cope up with this sort of competition in the market, it is very important that people have modern tools and software solution. One of the major reasons why good software is needed is because of the rising needs and various demands of the customers. Plus, the business environment is also changing which requires the insurance companies to cope up with the time and technology. Along, with that, there is also competition among the industries, which makes it not necessary but mandatory for every insurance company to have an insurance broker software solution. So, that part of the work becomes easy. Apart from that, insurance is one such business where it is very necessary to give consumer services of the highest quality. Salia
Read MoreMention the term austerity plus a visit to a vacation in a holiday in greece unintentionally appears immediately within our mind. The term appears to possess stuck for that nation, that's unfortunate. The endless negotiations and unsuccessful attempt produced by one government therefore the other is farcical. A few days ago once i viewed Pope Francis travelling within the Fiat throughout his Philadelphia visit, creating a genuine indicate austerity leading at the front for the cause, when his predecessors will frequently have travelled within the limousine, his move certainly made everybody lookup. He advised eloquently that being 'poor' was much better than being 'rich' which being blinded by avarice would only enhance the gap relating to the poor along with the wealthy, the developed al
Read MoreThe Given System continues to be available because the u . s . states in 1913. The unit started to handle number of issues confronted with the financial sector within the government before the establishment within the system. However, the whole process of the unit depends upon a continuously-growing debt model. Under this process, currency consists of nothing. All currency produced through this process is provided for that public having a couple of interest placed on it. All of the principal currency and debt by means of tax needs to be resettled for that Given System. Because the government cannot make new money to stay the debt, the federal government must borrow more earnings inside the system. Because the model requires getting to cover debt on all money which was ever produced, the de
Read MoreNBCFs and Banks both become financial intermediaries and offer fairly similar services. But, there are many points of difference. You will find very stringent licensing rules for banks in comparison to NBFCs. What's an NBFC? Principal business activities in the Non- Banking Financial Company contain lending or financial leasing or hire purchase, accepting deposit or purchase of shares, stocks, bonds, etc. To initiate any business they are necessary to get yourself a license from RBI and they're controlled by RBI. According to Liability, NBFC may be Deposit-taking or Non-deposit taking. NBFC may be of following groups: Loan provider Asset Financial Institution Investment Company What exactly is a Bank? Banks perform pursuits like granting credit, demand deposits and provide withdr
Read MoreI had been surprised after i requested parents to inform me the existence skills they require their children understood, you will see a convincing request a couple of topics: The easiest method to open a fiscal institution account The easiest method to budget & balance accounts Crafting checks and settle payments And the ways to get started for retirement It appears a few of what we ignore are, consequently, missing from everything you educate kids. Within the last article, we focused on opening a fiscal institution account. This publish may be the second article within the four-part series and could take a look at the easiest method to educate kids to budget and balance their accounts. Budgeting It's not shock that budgeting may be boring and tiresome. I have personally neve
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