Tag Archive | India

Benefits Of Jewellery Insurance

Every household family in India carries gold and diamonds in form of jewellery or as a solid brick to make an investment. Probably apart from house, this is the second most precious thing in a family. Hence, to safeguard requires is Jewellery Insurance. Many people may take it as vague idea, but yes it not only gives safety but also helps in covering loss in event of any unfortunate circumstance. Jewellery insurance is not been covered by all insurance companies but a select few with the fine terms which needs to be read before declaring value and making jewellery insured.

The first and foremost benefit is of course the safety part. If a household carries jewellery worth Rs. 5 Lakh and a special occasion like marriage is due in family, its advisable to protect one from unforeseen circumstance by going in for jewellery insurance.

The process of obtaining insurance on jewellery starts with furnishing of invoice of the jewellery to the insurance company. The Insurance company then carries on valuation of jewellery by the empanelled jewellers. Once formalities done, the insurance company determine the Insured declared value. Next, comes reading and signing the declaration. Its vital to read the terms carefully as historically over 25% of the claims gets rejected in India due to faulty insurance policy or unawareness by signing on the consent form without reading the terms and conditions. It leads to not only loss in premium but also give one hassles and mental agony at the claim process. Its also advisable to take couple of snaps of the jewellery for your own record too while making them insured.

Do not follow with that insurance company which offers only the lowest premium but check the past track record in terms of claims and the service levels. Never get carried away with the low premium, there could be wide differences in the premium and claim service levels. Always, have a comparative view in respect to the multiple insurance companies and choose one which you feel is the best in service levels and claim track record.

Also, one may too get a valuation done of the jewellery through his own jeweller before going in for the insurance. As these jewellers are in this business, its best to take there advise and gives it weight for choosing insurance on the gold ornaments. Remember, insurance could act as slight expense in the beginning but it prevents one from a casualty. Take a positive side and have a peace of mind.

Role of Management Education in Shaping Future Managers and Entrepreneurs

When we talk of management education, we are basically referring to shaping up the students, aimed towards developing their competency and capability either as a manager fit to join an organization and help it to grow or as entrepreneur, to establish and grow ones own business. This capability does not come from possessing a management diploma or degree, but also requires developing in the students the will and skill to contribute for self sustenance and nation building. Presently it is seen, that there is a wide gap existing between the type of management education imparted in MBA colleges and what is there in real life management in business organizations. In order to make management education more realistic and useful for the industry, certain key areas need to be identified. These could be:-

(a)Benchmarking quality management education to create an enduring quality managers and entrepreneurs.
(b)Bring in professionalism in management education.
(c)Adequacy of qualified and competent faculty members, proper infrastructure, support facilities and regular updating of curriculum.

Benchmarking Quality Management Education

Benchmarking with the top management colleges inspires an institute to produce quality managers. Management education needs to include knowledge, skills and abilities (KSA) that are needed today and that will be needed tomorrow by the industry. The mission of management education should be to become innovative and creative. The objectives of benchmarking should be to:-
Make own students employable in industry.
Moving the institute from academic mode to corporate mode. To achieve these objectives the agenda should be:- (a) To identify the industry expectations of the skill sets required of students. (b)To identify the areas of Total Quality Management (TQM) in management education. (c) To identify the changes required in teachers imparting management education.

Professionalism in MBA/PGDM Education

There are many reasons for the wide differences in the quality of management education in different institutes in India. The main reason is the absence of a body that can ensure that the standards set are practiced and retained by all management institutes, like AACSB in USA. We do have an apex body the All India Council for Technical Education (AICTE), that is responsible for setting the basic framework, guidelines and standards for quality of business education, there are however many problems when it comes implementation of these standard by MBA colleges and institutes and these problems undermine the effectiveness of these standards. In order install quality in management education in India, the AICTE and MBA colleges / universities in the country should focus on the following issues:-
Quality of faculty.
Infrastructure development.
Accountability of management institutes.
Values and ethics.
Role of professional bodies (AIMA, ISTD, etc).

The Medical Insurance Phenomenon

If you are driven with the notion that you can buy medical insurance when you are about to be hospitalized, then you are wrong. Medical insurance India generally covers an unexpected event; so, you cannot buy one to meet your existing expenses. But after being insured, if you get hospitalized, the insurer does take care of the expenses. Get a medical insurance cover right from teenhood and continue the same throughout your life. This way you will be continuously and sufficiently covered in case of any eventuality. For every claim free year you do get discounts; by the time you reach a particular age, you pay only a very negligible amount and the benefits you avail cannot be measured. Children get automatically covered in a family insurance plan.

Most companies provide health insurance to their employees; if you are a fortunate part of that section, you are automatically rewarded. But if you have a family, you should find one that is adequate to your familys needs. Do look for the critical ailments covered as well as the network hospitals. If you are not cautious you may end up spending a lot of money for a particular treatment because the same is not covered in the policy. Moreover, switching your job will make your health insurance invalid. And if your new company does not provide medical insurance online facilities, you should immediately buy one and stay safe.

The online phenomenon has been influencing millions of lives since the time the Internet was introduced. Today, online shopping takes less time and is effortless and convenient; medical insurance online is no exception. You can compare medical insurance policies offered by different insurance providers and accordingly choose the right policy. EIndiaInsurance.com is a platform for online medical insurance in India; thousands of buyers prefer this portal to buy medical insurance policies. The uniqueness of this online site is the enlistment of a number of insurance providers and running a unique web comparison tool facilitating buyers to compare insurance policies and get quotes instantly. You can buy one right at this platform using a credit/debit card or even a cheque.

This entry was posted on April 8, 2017, in Insurance and tagged .

Profit From A Preschool Franchise Business

Kindergartens and preschools have become extremely popular. In bigger cities you will see big preschool franchises as well as smaller start ups. So if you are thinking of starting your own preschool, here are few things to keep in mind and why you should opt for a preschool franchise. To begin with lets look at some statistics. The preschool industry in India is estimated to gross about Rs 4,004 crore. The sector is likely to cross Rs13, 821 crore by 2012, a growth of more than 28% per year, according to estimates from brokerage firm CLSA Asia-Pacific Markets.

With over 40% of learning taking place from the 1 to 4 age group preschools have become imperative. Parents want quality preschools for their children and are willing to go that extra bit for their children. Rest assured if you opt for a preschool franchise and are a good task master you are bound reap profits in the near future.
Opting for a preschool franchise makes setting up a lot easier for you. You have to adhere to certain pre requisites and guidelines which enable you to be focused and do things in a streamlined fashion.

A preschool franchise comes with a reputation. It already built a name for itself, developed its own education system and done its fair share of branding activities and advertising. Parents will always trust an established over a smaller start up.
A preschool franchise caters to parents who have moved to new cities. Sending their children to same school as they did before is a comforting element for all parents. With the education system being the same it helps children adapt faster.

A preschool franchise works on a profit sharing model. Therefore some franchises will go that extra mile to make sure you do well, so they do well! This means extra guidance and support for you.
The different preschool chains in India are Roots to Wings, EuroKids, Kidzee, Shemroack schools, Bachpan just to name a few. The royalty and investment depends entirely on location. A preschool franchise can cost anywhere from 3 to 15 lakhs and the fees can be anywhere from 8,000 to 40,000 per annum. The need for preschools in India is only going to grow making it an extremely profitable venture.

Franchise Opportunities In India

Franchised operations in India are increasing by the day. Being geographically vast and culturally diverse, India offers the most favorable franchising environment. While companies benefit by having many profit making outlets in different parts of the country, franchisees in India benefit by being able to generate good returns with little investment and risk involved. Entrepreneurs are making the most of India’s franchising market and growing economy by becoming successful franchisees. Indian franchisees can now choose from a plethora of international as well as domestic franchising companies. There are numerous attractive franchising options available in various sectors.

Ever since the franchising boom in the nineties, there have been many success stories. Franchisees in India helped many businesses grow and establish, while also gaining immensely from their business ventures. Examples of international franchises that have been successful in India include food and beverages giants such as Subway, Mc Donald’s and Kentucky Fried Chicken among others. Indian companies that have benefited from franchising include names such as Barista, MRF, NIIT and Apollo hospitals among others. It’s not just the bigger companies; smaller international and domestic companies also look for franchisees in India. The capital required for such ventures would be smaller when compared to highly reputed companies. The downside however, is that the risks are more, since you cannot ride on the popularity wave generated by the reputed companies.

Depending on your choice of business, you can either work from home or from an outside location. The initial capital you may require to start a franchising venture will depend on the type of business and the franchisor’s requirements. Most home-based franchise options are suited for work-at-home women. Cosmetics, healthcare products, services, home business household products and e-commerce ventures, make for convenient yet rewarding franchising options. Franchisors provide training and support and your business can gain from the image and professionalism of the franchising company.

Franchising allows entrepreneurs to have their own business, without many of the risks associated with a start-up business. Franchising also offers you great income and a flexible work style. But, as a potential franchise purchaser, you need to carefully consider the finances and risks associated, prior to starting your business. Read Franchise Plus to learn about the benefits, profits and risks associated with franchising in India. We help you make an informed franchising decision for a successful franchising venture in India.

Total Environment – The New Age Architectural Design Firm

Its the age of metamorphosis for the real estate developers in India. All the major markets, metros, and class A cities are taking serious efforts to create new townships in and around the given city equipped with better infrastructure and other amenities like quality schools, hospitals, clubs, malls etc. Increase in job opportunities, availability of more land to developers by the state govt., tax incentives to the developers and tax benefits to potential buyers are the prime reasons for this upsurge.

With so many real estate developers in India vying for the coveted projects, it is a rare phenomenon to pick up a trendsetting real estate construction firm. Enter Total Environment one of the few realty developers in recent times to break new grounds in terms of creativity, innovation and structural marvel. Nothing short of a holistic architectural design firm. 11 years back what began as a quiet start with an initial investment of Rs.10000, 4 people and the simple idea of giving Bangalore, buildings that blend with its natural landscape, preserving the charm of the city has come a long way to be counted among the elite architectural design firm of recent times.

Their core strength is the ability to understand and meet the needs of global professionals through innovative concepts, personalized service, total transparency and of course, raising the highest quality buildings corporate and residential. Total Environment has a very unique and innovative approach when it comes to building structures. Focus is always on creating physical environments that are in perfect harmony with its surroundings. Every apartment has a terrace garden that gives the owners their own little patch of outdoors right at home. The use of natural construction materials like wire-cut bricks and exposed form finished concrete, has added a new dimension to building aesthetics. Besides being maintenance-free, these natural materials age beautifully and the passage of time gives them a life and character of their own. They are one of the few construction companies to use the DOKA system of formwork. For the clients, this translates into the assurance of high quality, long lasting and more efficitconstruction.

A 100% growth year after year comes as no surprise from this out-of-the-box architectural design firm.

Types Of Vehicle Insurance In India

Today, anybody and everybody, has insurance of some sort. Either they believe in insuring themselves and their loved ones, or in insuring their vehicles! In India and in most other places, vehicle insurance is mandatory. The amount your vehicle can be insured for varies depending on the insurance companies and the insurance brokers.
In India, there are several types of vehicle insurances. Companies in India offer insurance at four levels.

1.Fully comprehensive vehicle insurance- This is by far the most expensive insurance, yet the most common type, as it covers all the possible damages and costs that your vehicle may incur. This type of vehicle insurance proves to be advantageous as there is no need to produce proof of the damage to claim the insurance amount. Thus, if your vehicle is damaged or stolen in your absence, then you can still approach the insurance company.

2.Third Party insurance- This type of insurance carries a comparatively cheaper premium and insures against damages and legal claims when you are at fault and have hit a third party. The insurance company is not responsible for any other scratches or occurring that takes place with your car.

3.Specialized car insurance- This type of insurance refers to any car that is over 25 years old, as vintage cars have different needs and requirements. Similar to a comprehensive auto insurance policy, the only difference between the two is that you are limited to an x amount of miles in a given year.

4.Third Party Fire and Theft insurance- Befitting to its name, this insurance covers the costs of your vehicle in case of fire, theft, accident, etc. However, in case of an accident, the insurance company will only pay up if you are at fault and have hit another car and not vice-versa.

In order to go forward with insuring your car, you need to carefully go through the various schemes offered by different insurance brokers. Each insurance broker has a scheme that offers one policy better than the other. A way of going about the entire process would be to patiently go through all the possible offers, look out for the best premium offered and then insure your vehicle. Today, online access to insurance schemes makes the process a whole lot easier.

About Banking Courses in India

A career in banking and finance opens up many avenues for young graduates. With the exponential growth in this sector in the last few years and the entry of foreign players in the Indian banking market post-liberalisation, the scope for a career in banking and finance has increased manifold. More and more graduates are joining this field and even in these times of economic slowdown, banking industry in India is growing. Thus, a demand for banking and finance courses has also increased accordingly. Both private and government institutes in India offer regular and correspondence courses in banking and finance to students.

A banking course trains an individual in various skills. Need less to say that commerce and economics graduates are better suited to pursue such a course. The curriculum o f such a course includes planning, funding operations, man-management, resource management, managing of loans and profit generation. It is different from an accounting course though some fields overlap in both the courses. The curriculum of a banking course is designed as per the demands of the industry. The subjects included are strategic planning, international finance, operations management, micro and development finance, marketing and information technology. The basic course would include an overview of the subjects while a specialized course would deal in one of the many fields of banking.

Once an individual completes the banking course, he can look to get a job in a bank as a middle level executive officer. After the banking course, one is expected to know about monetary control, foreign exchange, currency values, treasury management and other related fields of study. Of course, the practical knowledge comes only with working more in the field.

For those who have completed their graduation in commerce or math or even other streams and look to make a career in banking can also pursue banking courses through correspondence. Many institutes offer post graduate diplomas in banking and finance through distance learning. These are especially beneficial for those who are working or are living in areas where no institute offers a regular course in banking. These courses are also specifically designed to cater to the demands of the industry. They produce industry-oriented professionals. Correspondence courses in banking and finance are available in various core areas at both the degree and the diploma level.

If one opts for a diploma course through correspondence, one could also be doing a postgraduate degree course or working in the sector simultaneously. For a postgraduate diploma course in banking, one needs to hold a Bachelors degree from a recognized university. It is only after the completion of the degree that one can apply for correspondence PG diploma courses in banking and finance institutes. However, the actual admission process and selection varies from one institute to another. All institutes have different criteria of selecting students. Thus, it is advisable to contact the individual institutes or visit their websites to find out the actual criteria.

Look out for best Website Development Company in India!

Internet is supposed to be the appropriate medium to flourish your business online and it can only be done with the help of reliable and best Web Development Company in India. Through contacting the web developers of India one can get standard quality of work at affordable rates and that is the main reason behind the preference of foreign countries to hire professionals from India.

It is a fact that you may find plethora of web development companies in India but the main concern is that how to approach the best one. If you are also going through the same confusion then you must go online and search for the best company running in India after gathering information about it. While looking for a company you must check out its location whether it is located in a metro area or not because famous companies usually like to be established at reputed areas. Area can not solely determine the capability of a company and its employees so there is no harm in having a look over its track record.

Before hiring the services of any particular company you need to retrieve complete details about it and to enquire regarding its credibility from past clients. Some web developers even provide information on their website about their past clients and result after availing their services. People who want to see their website in the top most ranking list of leading search engines like Yahoo, Bing, Google and MSN then you must approach best web development company in India.

Indian web developers can provide satisfactory result in designing and redesigning your website according to the purpose of creating it like some create it to sell products and some just to provide information. Without holding enough traffic on your website, it can not exist for long time so for making it worth visiting search engine optimization is must.

You can avail affordable web services in India due to the high man power and low demand for charges. Indian web developers are skillful and talented enough to design and develop a website after considering some points like strategic planning, business promotion techniques, creativity, application development as well as solution maintenance etc. At the end it can be concluded from the above information that hiring the services of a best web development company in India would be wise decision for creating, designing and developing your website in an effective manner. So, go for it now!

Insurance Scenario In India

The term insurance encompasses various categories covering areas as diverse as automobiles, property, health, travel, education, life, and more. Insurance in India is gaining impetus, but at a slow pace; it is still in its formative phase. Though a number of insurance providers are offering many products yet the penetration level of the population is extremely low. Awareness of the importance of insurance in India is the need of the hour and steps need to be taken to implement the same. Amongst the many health insurance policies offered, auto insurance, travel insurance, health insurance, and student insurance in India top the list.

The Internet has changed the entire facet of the business and communication world and the insurance sector is no exception. Whether it is travel insurance in India or student insurance in India, any insurance plan can be bought online. A number of online platforms exist including corporate sites of insurance providers where one can buy insurance in India online. One insurance portal that facilitates insurance buyers in India to buy the right insurance plan is eIndiaInsurance.com. This online platform has in its list all the insurance providers operational in India. The exclusivity of this platform is its user friendly web tools guiding buyers make informed decisions while purchasing online insurance. Using the insurance comparison tool, one can first compare policies online in terms of benefits offered, premiums, sum covered, validity, etc. for any plan category and get insurance quotes for free. With answers to FAQs on insurance, selecting the right student insurance or travel insurance or any insurance policy is easy here. A safe payment gateway is another advantage of eIndiaInsurance; one can use either a credit card or debit card to buy insurance online. The portal also assists buyers to purchase insurance by cheque.