Applicability of New Rates on Post Office Small Savings Schemes

There have been lot many queries regarding applicability of new rates of PO schemes in CFP exams. In this regard I will suggest that

1. The suggested rates are going to be applicable from 1st December 2011. Click the link to read the circular: http://indiapost.gov.in/Pdf/SB_22-29.pdf
2. I will inquire with FPSB the date after which the candidates will have to follow new rates for exam.

Thanks for following me,

Prashant V Shah

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NCFM: Insurance Module

NSE has taken a step further and introduced a module on insurance. Normally the modules which NSE has are for securities market. Its a unique step which NSE has taken. I believe that adequate insurance, i repeat adequate insurance is a must for everybody in contemporary scenario. Lets have a look at the module:

Insurance serves a number of valuable economic functions that are largely distinct from other types of financial intermediation. The insurance market has witnessed dynamic changes, which includes presence of a fairly large number of insurers both in life and non-life segment. There is an increased need for qualified individuals who possess requisite skills and significant knowledge in insurance in these fast moving and globalised financial markets.

This module aims at providing basic insight about the concept of insurance, types of insurance, fundamentals of risk management, insurance contracts & principles.

Why should one take this course?

• To have a basic understanding about the concept of insurance
• To learn about the various types of insurance, fundamentals of risk management, insurance contracts and principles etc.

Who will benefit from this course?

• Students of Management and Commerce
• Finance Professionals
• Employees with banks and financial institutions
• Distributors / Agents
• Anybody having interest in this subject

Test details

Duration: 120 minutes

No. of questions: 60

Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers.

Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.

Fees: 1,500/- (Rupees One Thousand Five Hundred Only).

Ckick the link to download the book: www.nseindia.com/content/ncfm/ncfm_insme.pdf