FINANCIAL EDUCATION

INTRODUCTION TO INSURANCE

2008-01-02T06:27:00.000-08:00

1.The business of insurance is related to the protection of economic values of assets.
2.Insurance is a mechanism that helps to reduce the effects of perils such as fire,floods,breakdowns,lightening,earthquakes etc..
3.The business of insurance started with marine business traders in the Lloyd's Coffee House in London.
4.The first Indian insurance company was the Bombay Mutual Assurance Society Ltd,formed in 1870.
5.Life insurance business was nationalised in India with the setting up of the Life Insurance Corporation of India(LIC) on September 1,1956.
6.People who are exposed to the same risk come together and agree that if one of them suffers a loss,the others will share the loss and make good to the person who lost.That is why Insurance is the business of 'sharing'.
7.For insurance to remain a fair arrangement,the peril should occur in an accidental manner.
8.A human being is an income-generating asset.
9.Living too long can be as much a problem as dying too young.Insurance takes care of both risks.
10.Insurance extends beyond the coverage of tangible assets.For e.g. the voice of a singer or the legs of a dancer may be insured.
11.Personal accident and sickness insurance is classified as non-life in India.
12.The premiumis based on expectations of loses.
13.The insurer is in the position of a trustee,managing the common fund for and on behalf of the community.
14.A life insurance company is a major instrument for mobilisation of savings of people,particularly from the lower and middle income groups.
15.The vast amount of funds by way of premiums represents 'pooling of risks'.
16.Insurance provides tax benefits,both in income tax and in capital gains.
17.A life insurance policy is a property and can be transferred or mortgaged.
18.Loans can be raised against the policy.

Internet and Moral Values

2007-12-30T10:17:00.000-08:00

Internet pornography is more dreadful than the sexual games which came through the cable TV that has entertained many people. But it was a disturbing thing to so many parents. Nowadays sexual websites are introduced in Internet.
There are lakhs of sex websites available in Internet. About Rs.5000 crores of business is done by these websites from which we can understand the the number of visitors to these sites. To put an end to these misuse of Internet filter softwares are invented. These softwares like search watch, night nany, cyber petrol, cyber deter etc. can prevent the access of these type of websites in children.

INTERNET

2007-12-24T08:51:00.000-08:00

The word 'Internet' is the short form international network.Today Internet is also known in different names such as information super highway,the net,the web,the matrix,the data sphere and the electronic frontier.Internet electronically connects computers of different parts of the world as a means of communication.It was only during the 90's Internet became so popular but in the comteporory world 35% of the total population use Internet.This clearly signifies the importance of this new means of communication.
Today Internet plays a significant role in the day-to-day affairs of the society.Even the people who live in the rural area of India use Internet for the exchange of information.Last year the results of the S.S.L.C examination in Kerala was published through Internet.This single instance gives us the hints about the scope and importance of Internet.Now Internet influences the culture and lifestyle of the masses.It is evidently shown that no other means of communication network system has become so significant as Internet.

Closing Sales: It's Easier than You Think!

2007-12-04T04:56:00.000-08:00

Closing sales with potential buyers sometimes seems difficult. But in order to gain new clients, you have to know how to complete the final step in the sales process most effectively.
By learning to focus your attention in the right places, look and listen for certain cues, and use simple persuasion techniques, closing those sales can be as easy as counting 1-2-3!
Converting Prospects into Clients
Moving prospects from interested customers to actual clients can be as an easy as requesting the sales. But first you must prepare the groundwork to ensure they understand what you have to offer-and they aren’t scared off by a sales approach that’s too aggressive.
To gently transition your prospects from interested customers into clients, keep these tips in mind:
1.Be kind and considerate. No one wants to buy anything from a pushy, inconsiderate salesperson! Show the prospects that you have their best interests at hearts and you are more likely to earn their business.
2.Tell them what you have to offer and how it can meet their right up front. Being transparent about your intentions hereby promotes an honest, respectful, and a caring atmosphere-while paving the road to a successful close.
3. Listen for signs that they are ready to buy. A prospect who’s truly interested will do one-two or all three of the following things:

Ask questions about the product or buying process.Example,”Can I add other family members to that tbusiness?”Or how many years will the business be in effect?”
Offer encouraging comments that show they are listening.Example,”Really?”Or “Great idea”.
Complain about previous experiences with other teams.Example,”I like that. That’s something my previous team just didn’t understand/offer”.
4.Position yourself as an expert and a great resource. Treat your clients with respect, but know your product/s inside out so you can present them confidently. This gives your prospects reason to trust what you are saying, positions you as an authority on the subject, and adds value to the customer-agent relationship. It also means you are the one they are likely to approach with needs further down the line.
5.Answer questions with questions of your own. This is not attempt evasiveness. But rather a way to expand on your own ‘yes’ or ‘no’ answers and give the client an opportunity to make a commitment. For example. if asked the above question regarding adding other family members to a particular team, you could respond,”Would you like to add Raghu and Deepa to your team now?”
6.Give them choices. Suggest certain team based on your client’s needs. Then step back and let them decide what they want for themselves. Presenting customers alternatives shows them two things:
You hear what they are saying, and you care about their needs.
You are more interested in meeting those needs than selling them a particular product.
7.Give them room to think. Real persuasion does not involve pushiness. People resent being pressurized and probably won’t return if you take this approach.
Perfecting your technique
Closing sales take some measure of finesse and skill but it’s easier than you think! By learning to watch your customers, take your cues from them, and perfect your persuasion techniques, you will be closing those sales and growing your client base in no time!

Intel MMX Pentium processors worth buying

2007-11-29T02:30:00.000-08:00

Intel’s new MMX Pentium processors promise a welcome boost to virtually all applications. But the wait may not be over for software and hardware developers and graphics individual professionals pursuing with disk- and memory-intensive applications.
Industry think tanks say that Intel’s new chip set, the 430TX, which is expected in the near future, will offer further performance enhancements for applications that stress disk and memory I/O.

The systems using the 430TX chip set should appeal to developers and power professionals. Anyone who is memory-bandwidth starved will want to wait a little more time.

Intel started shipping 430TX core logic chip sets for MMX systems in september, with PCs based on the new design due within the next two months. The 430TX design enhances quality of MMX system performance by increasing the maximum data rate accessible to IDE hard disks, and by adding an optimized interface for synchronous DRAM (SDRAM) system memory.

Applications such as Adobe Photoshop and Web development tools should enjoy enhanced performance on systems outfitted with the 430TX chipset. However, home and business systems running productivity or CD-ROM applications simply put enough stress on disk and memory I/O to yield major advantage.
When you purchase a laptop/Notebook
Laptops nowadays are common in every household. Its essential for any kind of profession. Here are a few suggestions for selection of a good quality laptop.
GATEWAY E-475M($1300)
CPU: 2.2-GHz Core 2 Duo T7500
Display Size (inches): 15.4
Wide Screen: Yes
Total HD Size (GB): 100
Min. Weight (lbs.): 7.2
HP Pavilion dv6500t($1079)
CPU: 2-GHz Core 2 Duo T7300
Display Size (inches): 15.4
Wide Screen: Yes
Total HD Size (GB): 120
Min. Weight (lbs.): 6.2
Lenovo ThinkPad R61($1404)
CPU: 2.2-GHz Core 2 Duo T7500
Display Size (inches): 14.1
Wide Screen: Yes
Total HD Size (GB): 100
Min. Weight (lbs.): 5.8
HP Pavilion dv2500t($1344)
CPU: 2-GHz Core 2 Duo T7300

PASSION TO EXCEL

2007-11-21T01:58:00.001-08:00

The diffrence between ordinary and extra ordinary is that little bit "exxxtra".All that is required is coping up with SUCCESS through strategies

Stretch that extra mile
Emerge the winner, not the Player
Success a Mission
Learn self discipline
Bring out the best in people
Develop special skills
Keep promises
Bounce back from defeat

TEN STEPS TO INCREASE SELF CONFIDENCE

2007-11-21T01:35:00.000-08:00

Know well what you do!!
Please yourself
Look for small victories
Reward yourself
Learn from mistakes
Sound confident
Look confident
Initiate conversations
Prepare discussion
Intimate self confident people

HEALTH,THE BIGGEST ASSET

2007-11-16T08:13:00.000-08:00

Health and wealth are both important resources for living a happy and successful life. People in poor health often die young and spend thousands of dollars (that could have been invested) on health care costs. On the other hand, those who practice recommended health behaviors are more likely to exceed average life expectancy and need a large nest egg to insure that they don’t outlive their assets.

HEALTH IS WEALTH

MONEY IS NOT REAL HEALTH

DON'T COLLECT ONLY WEALTH,

IT MIGHT SPOIL YOUR HEALTH

BY THINKING ABOUT WEALTH,

ALWAYS HAVE GOOD HEALTH

WHICH IS THE REAL WEALTH.

SELF CONFIDENCE

2007-10-02T14:56:00.000-07:00

SELF CONFIDENCE

One should find out the confidence himself, and then only he can sell the confidence. It is what we want most and what we loose first. Nobody can perform successfully with out the self confidence. It is a self constructed defence against ambiguity.

Self confidence boosts the activities. Nobody can buy the self confidence from elsewhere. Self confidence is the enlarged form of confidence by adding the desires courage and optimism.

You can have climb and conquer even the Mount Everest if you have enough confidence with in you. The one legged man from New Zealand Mr. Mark English proved this in the 15th may 2006.He conquered the Mount Everest and became the part of History. He said-“ it is not Iam, but my confidence is the winner. Prior to this I conquered Mount Everest so many times but that all was with in my Mind”

Friends believe it-‘Nothing is impossible in this world’. Self confidence will lead you to miracles if you desire & deserve it

The tips to improve self confidence:

Ø Get maximum knowledge
Ø Be an optimist
Ø Take challenging changes
Ø Don’t procrastinate
Ø Think twice before the action
Ø Rehearse before the action
Ø Better communication
Ø Well dressing

Friends, Throw your Heart over to the Bars; And your body will follow. You should dream as you want to be. Start now itself…Remember. Time and tide will not wait for man.

SUCCESS

2007-09-01T07:21:00.000-07:00

SUCCESS REDEFINED

Everyone would like to be a success. Yet most people fail without knowing why. This need never happen to you. Though some might feel they are destined to fail, this is not true. Men and women of all ages can achieve success.

Many believe that success involves achieving a certain amount of wealth. Others come to judge that success is a reflection of how much power they have. Still others hope to achieve fame. Nevertheless, one truth remains that many with wealth, power, or fame or with all these, fail to be happy and enjoy their existence.

Earl Nightingale defines success as the progressive realisation of a worthy goal. An astonishing fact about success is that most people give up just when about to achieve success. They give up at the last minute of the game, one foot from a winning touch down. Listen to Bill Cosby saying, ‘I don’t know the key to success, but the key to failure is trying to please everybody’. Keep in mind that every success story is also a story of great failure

Almost invariably, people allow circumstances to dictate the course of their lives.
Only few actually sit down and plan what they hope or want to achieve over a long period. Make success happen in life with the seven steps of

Ø Desire for success
Ø Set the right goal
Ø Be resourceful with abundant learning
Ø Maintain good health
Ø Have a drive in life
Ø Bear perseverance
Ø Give more than you get

E-COMMERCE

2007-08-21T01:06:00.000-07:00

Different communication networks were employed by companies to exchange their business data for several years. Now, as the internet is growing rapidly, e-commerce becomes the natural choice of big companies. Nowadays e-commerce is open to anybody who is interested. E-commerce is nothing but the business through electronic media or doing business through web.
The three basic components of e-commerce are e-information, e-relationships, and e-transaction. E-information is a multimedia data document in a web format. The e-relationship is about building a site that has the feeling of being a port of entry into a community. The e-transaction is the virtual distribution space.
E-commerce is not a dream or fiction but now a reality. Its graph points upward trend and now more and more business are getting web enabled. The major business companies who established e-commerce as their main business path are icici.com in financial sector, oracle.com in distribution sector, hp.com in post and pre sales support, the hindu.com in publishing and ebay.com in auctions etc.
E-commerce has effective and trusted mechanisms for privacy and security. Cryptography is a method of mathematical encoding used to transform messages into an unreadable format in an effort to maintain confidentiality of data.
In commerce, traditional payment mechanism employed is cash. In e-commerce, checks, credit cards, debit cards, and electronic fund transfer are employed. E-cash is a term used to refer a stored prepaid value that can be encashed for electronic purchases. The recent smart cards have many advantages over magnetic strip cards but are expensive. Another mechanism now common is electronic check, where the payer instructs his financial institution to pay a specific amount to another party, the payee.

INTRODUCTION

2007-08-17T07:05:00.000-07:00

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Before creating an asset try best to generate the following characters:

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1. A respect for people and their contributions.
2. A belief that things happen for a reason, and that reason serves you, whatever it is.
3. A conviction that no matter how good or how bad things may be, they're going to get better -- and you can help make them become so.
4. A knowledge that positive people are the ones who make the difference in life -- how many cynics do you know who have ever done anything worthwhile?
5. A dedication to live a positive life, no matter what.
6. An understanding that good things happen -- repeatedly -- to those people who are looking out for them.
7. A commitment to form and foster positive habits, and decrease negative ones.

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Then there is a story for freshers who are yet to start asset creation.Here it is

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Eagles enjoy the longest life expectency among bird species. They can live up to 70 years. In order to survive, they have to make a critical decision at the age of 40. When eagles turn 40, their claws weaken. If we put down our old self, “eagerly” pick up new skills, we are able to explore the undiscovered talents in us and is hard for them to catch preys. Their beaks are grown long & curved almost touching their chest. Their wings are heavier due to thick & long feathers.They have 2 Choices:Dying Or undergoing a painful transformation.150 days of perservarence & steadfastness...They have to fly to the top. Build their home there and rest.They have to hit their beaks against the rock till they fall off. And wait patiently for the new beaks to grow. They will use their new beaks to pull out their nails. With their newly grown nails, they will then clean off their old feathers. 5 months later, the eagles will fly again with their new feathers. They renew their strength for another 30 years!.Sometimes we have to make difficult decisions in life In order to embark on a new journey. Let go your old habits and traditions, And let yourself fly again Like The Eagle. If we put down our old self, “eagerly” pick up new skills, we are able to explore the undiscovered talents in us.

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