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P88 - PROGRAMME ON ESTATE MANAGEMENT (LIFE)  

Background

Estate has traditionally been one of the important investment areas for an insurance company. With the  regulations governing the valuations of assets of an insurance company in place, estate management has gained more prominence as the market value of the estates have been made an important component in the valuation exercise. Proper estate management will, apart from boosting the image of the company, add to its bottom line. 

 

Objectives

At the end of the programme, the participants will be able to:

• Appreciate the importance of Estate Management

• Take necessary steps with regard to legal and regulatory aspects of Estate Management

• Contribute in building of solid asset base for the organization

• Leverage the Estate Portfolio for returns  

 

Contents:

•  Legal aspects and procedures – purchase of property – Two bid system

•  Legal aspects and procedures – hiring of property

•  Insurance of property / equipment

•  Security including preventive measures

•  Regulatory aspects of Estate Valuation

•  Inventory of property

•  Documentation Management

•  PP Act – Case Studies

•  Property Development – Our use /commercial use

•  IT initiatives for Estate Portfolio

•  Vigilance aspects

•  Topics in HR  

 

Participants’ Profile

Officers from Estate Department, Legal Department and Engineering Department of Central Office and Zonal Offices of LIC of India

Duration: 3 Days

Date: 26.05.2008 - 28.05.2008

 

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