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P362 – PROGRAMME ON BUSINESS ENVIRONMENT FOR P&GS OFFICIALS (LIFE)
Background: In the context of changes in family structure and income patterns, pension
business in future will constitute bull of insurance market. The
setting up of Pension Fund and Development Authority (PEFRDA) would
substantially strengthen the Pension and Group Insurance Market.
With corporate giants in the financial sector it is essential to have in
depth study as much of the emerging scenario as the technical details to
have sustainable competitive advantage in the area. Innovative
products and optimal utilization of pension and group funds with adequate
actuarial support would have to be supplemented by efficient servicing to
achieve the desired level of market penetration.
Objectives: ·
Identify
the required marketing strategy for growth of pension and group business
in India ·
Identify
the technological support required in servicing areas ·
State
the actuarial principles governing the pension and group business ·
Appreciate
the concept of fund management, hedging and solvency margin in pension
business
Contents ·
Social and demographic changes relevant to pension business ·
Actuarial
principles in pension and group insurance business ·
Product
innovation – pricing and benefit analysis ·
Linked
pension and group insurance products ·
Term
insurance products as additional benefit ·
Funds
management ·
Investments
of Pension Funds ·
Technology
support Participants’ Profile: Life Insurance Companies: Officers in the cadre of ADM / SBM looking after
Pension & Group Insurance Business in LIC of India preferably those
who have at least one year experience in the P & GS Department Overseas:
Managers / Marketing Managers in Group Insurance and Pension Schemes
Departments Duration: 3 days
Dates: 01.05.2008 - 03.05.2008
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