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How To Kickstart A Career In The Banking And Insurance Sector With Banking Courses In India?

Banking, financial services, and insurance (BFSI) is the industry’s umbrella term for companies that provide a range of such financial products or services. This includes universal banks that provide a range of financial services or companies that operate in one or more of these financial sectors. Various banking courses can be pursued to avail of jobs in the banking industry.

Growth outlook for the banking and insurance sector in India

The pandemic and lockdown restrictions have greatly impacted insurance sales in India. With all things going digital, the need of the hour was to adapt to the changing conditions and implement an easy and accessible way to boost insurance sales. Banks in India have relied on advanced digital capabilities, promotional activities, and features of new insurance policies to encourage more partnerships with insurance players.

Bancassurance means selling insurance products through banks. Banks and insurance companies come up in a partnership, wherein the bank sells the affiliated insurance company’s insurance products to its clients. To provide “one-stop banking” to valued customers, banks have undertaken the selling and distribution of Life Insurance and General Insurance Products of the most trusted Insurers through their branches.

The market share of bancassurance in India increased to 56% from 27% between 2011 and 2019. Agency sales during this period declined from 42% to 24%. Bancassurance has benefitted the partners, banks, as well as insurance companies. The certificate courses in banking and insurance will provide aspirants with an insight into the various aspects of the banking and insurance sector.

Skills required for success in the banking and insurance sector jobs

The Banking, financial services, and insurance (BFSI) sector in India is expected at Rs. 81 trillion and is expected to be the fifth largest in the world by 2020 and the 3rd biggest by 2025. This means a lot of banking jobs and several others in insurance and financial services.

A few skills required for success in the banking and insurance sector jobs are described below:

Customer centricity

Customer centricity is the ability of people in an organisation to understand customers’ situations, perceptions, and expectations. Being able to create a positive experience for the customer and acknowledging that every action is undertaken with the customer at the heart of the business, is one of the skills required for success in the BFSI sector.

Soft skills

Automation can be efficient, but it can never be emotive or empathetic. This job requires people who possess the right amount of emotional intelligence to be able to read different personalities and understand people’s needs and desires. This would help them to better serve the customers. The job involves interacting with customers of diverse cultural settings, and soft skills will ensure effective collaboration and engagement with all stakeholders.

Product knowledge

Strong product knowledge would help one to educate customers about the benefits of a particular product and help them make an informed decision. A better understanding of the product will assist in developing strategies to increase sales of certain products.

Time management

The job profile requires handling multiple tasks at once. Excellent time management skills help to complete all work promptly. This helps to provide quality service to customers and gives you a positive reputation with your employer.

Technical skills

The BFSI sector has implemented various technical practices, such as cloud-based IT technology, the Internet of Things, digital marketing, cybersecurity programs, big data analytics, robotic process automation, and AI. An aspirant must be skilled in these technologies, as they form the basis of tools that are being increasingly adopted in the financial sector.

The TimesPro advantage for your banking career

TimesPro, in collaboration with ICICI Bank, offers a formulated programme to create trained professionals who can handle various financial activities associated with the banking and insurance sectors.

The highlights of this programme are as follows:

A 21-day intensive training programme

Covers fundamentals of banking, regulatory environment, mandate-specific products, grooming & etiquette, etc.

A direct branch allotment at ICICI Bank upon successful completion of the programme.

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FAQs

What is the concept of bancassurance?

Bancassurance means selling insurance products through banks. Banks and insurance companies come up in a partnership, wherein the bank sells the affiliated insurance company’s insurance products to its clients. This arrangement benefits both firms.

What are the career prospects in the BFSI sector?

India’s Banking, Financial Services, and Insurance (BFSI) sector are expected to provide jobs to an additional 1.6 million skilled workers by 2022. This means plenty of banking Jobs and a host of others in insurance and financial services. Both banking and insurance are fast-growing sectors in the Indian economy. The liberalisation of the Indian economy has brought many multinational banks to India. Similarly, the insurance industry is very well positioned in terms of jobs and career opportunities and offers good career prospects.

How has the insurance sector changed in the last decade in India?

India’s insurance industry is improving efficiency using new-age technology. Insurers have launched mobile phone apps, making it easier for customers to transact with them. Moreover, earlier, the scope of the insurance industry was limited to players such as LIC, GIC, and National Insurance. However, over time the insurance industry has also expanded and today there are various companies in the market, both Indian and multinational. Consequently, the insurance industry is also offering great job opportunities and careers for India’s population.

To know more: https://earlycareer.timespro.com/blog/how-to-kickstart-a-career-in-the-banking-and-insurance-sector-with-banking-courses-in-india/

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5 Key Benefits Of Taking A Certificate Programme In Collection Management

Thanks to the growing versatility in India’s banking industry, people have a lot of scopes to pick a banking career that matches their interests and aspirations. Among the numerous banking sector roles, one of the highest paying profiles is that of a collection manager.

Collection managers are hired by banks as well as companies to facilitate the money-retrieving process from customers. These managers assign collectors for collecting money owed to the company or bank. With a certification course in banking management, anyone can unlock the path to a highly rewarding career opportunity offered by a collection manager role.

The Role of Collection Managers in the Banking Sector

Collection managers are one of the strengthening pillars of any bank’s survivability. It is because of them that the banks get their payments on time and keep their bottom line in place. Let’s delve deeper into what the role of a collection manager is, in terms of the banking industry.

Team Management

Collection managers manage a team of collectors who contact individuals and companies for collecting late payments (debts) on services and products they have received.

Customer Negotiation

They negotiate with clients regarding payment matters for ensuring payments. Collection managers are also responsible for handling customer complaints and grievances.

Research and Analysis

Apart from the smooth flow of payments, collection managers also research, study and analyse the data, and statistics, as well as the progress of the collection department. It is with the help of their reports along with other factors that enable a bank to smoothly operate.

Skills Required for Success as a Collection Manager

Collection managers, who are also called ‘credit and collection clerks’, are expected to have diverse skills that would help the business organisation or bank. Apart from finance and mathematics, they also need good relationship-building skills as they contact clients regularly. Additional aptitudes which increase the chances for you to get the job are:

Interpersonal and People Management Skills

Critical and Analytical Thinking

Written and Verbal Communication Skills

Team Building and Management Skill Set

Negotiation Abilities

As a collection manager, one needs to monitor and manage delinquent accounts. Hence, it would require a polished skill set to excel here. Keeping all the relevant parties notified and updated, close coordination with accounts, smooth regulation of payments, and so on, would need the candidate to be quick, alert, and communicative.

Collection managers also manage, mentor, and supervise the collection team members, so building trust and relationships is a key skill. Picking up a certificate program in collection management will equip you with all the knowledge and skill set to become an efficient collection manager.

5 Key Benefits of Taking the TimesPro Course

It’s no secret that the banking industry of India has undergone tremendous evolution over the years. It has unlocked numerous opportunities for employment, innovation, as well as invention. If you are a beginner in the banking sector or want to switch jobs, collection management may just be your thing. TimesPro has conceived as well as developed a certificate program in collection management to help budding bankers in propelling their careers. The DCB Bank Training Program in collaboration with TimesPro offers 5 major benefits:

The programme’s eligibility criteria are minimal, allowing graduates from any stream, as well as working professionals, to transition to a banking career without too much hassle.

This certificate course promises to build a new banking career or boost the existing one in just 15 days, saving you a lot of time and money.

This program aims at preparing you well for this job role. Here, you will learn the use of positive methods to build interpersonal relationships and trust with clients.

The DCB Bank programme offers Intensive training to collection professionals to ensure good collection efficiency and smooth repayment of debts by customers.

The programme has an assured job guarantee as a Collection Office at DCB Bank, where you can earn up to Rs. 2.50 lakhs annually, along with many attractive incentives.

Course Curriculum of Certificate Program in Collection Management

Over a period of 15 days, the DCB Bank Program will cover numerous modules. This includes:

Fundamentals of Banking

Regulatory Environment

Generic Banking Services and Products

Mandate-Specific Services and Products

English Language and Communication Skills

Etiquette and Grooming

Risk and Compliance

Eligibility Criteria of Certificate Program in Collection Management

Certain key pointers decide if you are eligible to enrol for the course or not. Before applying for it, make sure to read the criteria thoroughly.

Applicants need to be aged 32 years or above during the time of admission.

Applicants must have a score of a minimum of 40% in the 10th and 12th standards, respectively.

Applicants can have a graduation degree from any stream.

Applicants can have any mode of education for their 10th and 12th standard as well as graduation.

To know more: https://earlycareer.timespro.com/blog/5-key-benefits-of-taking-a-certificate-programme-in-collection-management/

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How Is BFSI Sector Growing In India In 2023?

The acronym BFSI stands for Banking, Financial Services, and Insurance. Traditionally, the sector constitutes a major chunk of India’s multibillion-dollar economy, which includes all Banking, Insurance, and Non-Banking Financial Institutions. In the recent past, the BFSI sector in India has ranked among the fastest-growing sectors in the country. What has led to the sector’s significant growth? And what does the BSFI sector in India hold for other sectors?

Let’s understand everything in detail.

What is BFSI?

India’s BFSI sector is an industry that is undergoing a major shift. Today’s finance and banking trends range from AI and Blockchain-powered financial services to omnichannel banking, intending to change BFSI operations by placing clients at the centre of present and future strategies.

Digitalisation is the primary component powering this tech transformation in the BSFI business. Anything that is nowadays manual or paper-based is converted to digital format and is now being digitised. These efficient procedures enable banks to experiment with company operations and technological advancements such as automated robotic process automation, blockchain, cybersecurity, and machine intelligence.

Beyond offering cost-efficiency and robust security, digitalisation’s ultimate promise resides in delivering value to customers in the BFSI sector in India.

Future trends in the BFSI sector

The BFSI industry is being reshaped by expedited information technology and quickly changing economic situations. The Covid-19 crisis caused a seismic shift in the sector’s business processes. Furthermore, growing customer expectations, along with intense demand and stricter regulatory constraints, are driving digitalization in the sector.

Moving forward, digitalization, among other things, will transform the BFSI sector. We examine some of the key themes driving the industry in India today-

·Multi-Channel Marketing

The omnichannel strategy contributes to a more tailored interaction with customers, resulting in a greater satisfaction percentage. It also pushes sales channels to obtain the essential tools and enablement to satisfy the demands of their consumers and create a seamless experience.

Customers’ purchasing decisions are heavily affected online as the digital horizon expands. As a result, the need for a well-integrated platform that provides access to different channels such as websites, social media, SMS, email, and so on through a single platform has risen.

·Customer is always the king

As a result of the fast transformation, customers now expect quick and convenient consumer experiences. They anticipate having access to information at their fingertips. As a result, BFSI organisations place a premium on both offline and online customer experience.

Many public organisations in the Indian BFSI sector developed digital apps and automated offline operations to enhance customer engagement and handle issues more rapidly and efficiently. Choosing technological change to provide meaningful customer service may help grow revenue by creating useful leads and customer loyalty.

·Personalization

Customer interaction is another critical component of the digital business trend in the BFSI business. Personalisation is a vital competitive advantage for organisations that prioritise it as an imperative customer interaction strategy.

Personalisation is approaching a new phase in which online interests and behaviour heavily influence consumer marketing and engagement. It contributes to increased client lifetime value, operational efficiency, and long-term sustainability.

The future of the BFSI sector in India will be strongly focused on innovation and technology. They are aggressively pursuing digitisation using emerging and new technologies to improve operating effectiveness, increase revenue, and provide a better experience for customers.

·Ecosystem 2.0 for future

This new ecosystem helps to inspire its participants, i.e., expanded businesses, who play a critical role in optimising the customer experience across many touch points. The ecosystem broadens the distribution network, adds value to the business, and enhances the user experience.

When the industry transitioned to remote employment, digitally enabled interactions became more important than traditional methods. Many organisations, particularly BFSI corporations, have begun to look into value-generation solutions to grow their operations, and increase their connections, reach, and profitability.

·Analytics for the mind

Cognitive analytics combines machine learning, deep learning, semantics, AI algorithms, and predictive analytics to create meaningful insights and draw conclusions from unstructured data. Essentially, this technology mimics human brains to accomplish specific jobs and assists organisations in making key data-driven decisions.

In the data-driven financial sector, cognitive analytics is a godsend for aggregating information from multiple sources and improving compliance while minimising risks. It may collate client data and analyse load demands based on financial transactions, inquiries, and much more, simplifying loan and customer portfolio administration.

Final Thoughts

New technologies have caused a paradigm change in the Indian BFSI sector. Modernising banking infrastructure has become critical for firms to get a competitive advantage in this highly competitive market. Forward-thinking banks and financial institutions are adopting and implementing these technologies to save costs, increase efficiency, and improve data security and customer experience. A comprehensive BFSI Course will greatly help to imbibe all of the trends.

Also, customers are aggressively adopting these new-age technologies to provide services, offering greater potential for innovation and strategic solutions in the space. However, businesses can easily plug gaps and accelerate their digital transformation path.

Know More: https://earlycareer.timespro.com/course/timespro-banking-programme-relationship-management/

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3 Essential Tips To Master Full Stack Web Development In A Short Time

Web development is a wonderful career option. With proper guidance, aspirants can have a better tech career in this field. There are plenty of opportunities in this field. And the best full stack web development course will help to achieve better in this prospect. Every industry is willing to provide their customer with an online interface for a better and more accurate experience. A full-stack developer with a sound knowledge of full-stack web development will surely be felicitated by major companies from around the world.

What is full stack web development?

Every application has three interfaces user interface, a server, and a database. A ‘full-stack’ is made comprising these three together. And best full stack web development course will make you aware of these three interfaces will need proper guidance and a course to follow. And this will open up a growing career option. The basic idea behind this will require 3 major portions of programming.

Frontend

This interface is for the user, clients or the customers of the application or the website. Users will directly interact with the front end. And to master this interface you need to learn 2 aspects of the Frontend language, frameworks and libraries.

Languages – Frontend is programmed by using some languages. And these languages are HTML, CSS, and JavaScript.

HTML – Hyper Text Markup Language is basically a combination of hypertext and markup language.

CSS – Cascading Style Sheets make the web page or the interface more presentable and add decorative options to the web page.

JavaScript – Java Script, this scripting language allows the interface to be interactive with its users.

Libraries and Frameworks – includes programmes like;

AngularJS – is a JavaScript open-source frontend framework.

js – is an open-source, component-based JavaScript front-end library which allows the interface to be flexible, efficient, and declarative.

Bootstrap – is an open-source tool collection that helps the website to be more responsive.

jQuery – offers simplification to the frontend interface, and also gives the option of document traversing and manipulation, browser event handling, DOM animations, Ajax interactions, and cross-browser development.

SASS – will offer various options including variables, inheritance, and nesting with ease. This is the most mature and reliable functionality.

Apart from these major libraries and frameworks, there are plenty of options that a best full-stack web development course will offer. And some of which are Materialize, Backbone.js, Express.js, Ember.js, Semantic-UI, Foundation etc. And make sure that you are working with some text editors to use shortcuts and other facilities. And these courses will also have some minute design skill requirements for better layout and overlook of the interface.

Backend

It refers to the server-side interface and its development for the website or the application.

Backend Languages that you have to learn – PHP, C++, Java, Python, JavaScript, Node.js etc

Frameworks – Express, Django, Rails, Laravel, Spring etc

Other backend scripting languages are C#, Ruby, REST, GO etc

JavaScript is very important for all data stacks and is the most dominant factor in full-stack development knowledge.

Database

This is a collection of data that will offer access to inter-related data along with retrievable options. From insertion to deletion, a database will have diverse options to keep, maintain, and organize data. Some commonly used options of the database are reports, schemes, views, tables, and so on.

Oracle – a commonly used database server

MongoDB – is the most popular non-relational commonly known as the NoSQL database

SQL – Structured Query Language is a standard Database language

Along with these, you have learned about some stack options like

MEAN Stack: MongoDB, Express, AngularJS and Node.js.

MERN Stack: MongoDB, Express, ReactJS and Node.js

Django Stack: Django, python and MySQL as Database.

Rails or Ruby on Rails: Uses Ruby, PHP and MySQL.

LAMP Stack: Linux, Apache, MySQL and PHP.

Master full stack web development with these 3 essential tips

To master a job there should be some essential qualities that any aspirant must possess. These tips will not be taught in any best full stack web development course but they will be demanded from every full stack developer while they are building a project. These tips include your creativity, communication skills, curiosity, and of course time management skills.

Designing Ability or Creativity

To become a prolific web developer you should know how to offer creativity in your projects. The primary goal is to make them more efficient and good-looking.

Global Thinking

While developing a project you have to be aware of global-level works. Interfaces that are updated and included some of the most surprising factors in full stack development.

Time management Skills

While working with any big firm you have to know how you can give your best as quickly as possible. To keep the quality of the project perfect you have to know the best way to do your job.

Short-term full stack web development programme by TimesPro to transform your tech career

This programme is designed to make the students who have an ardent longing to learn the most relevant coding languages and frameworks of the software development industries. And TimesPro will make sure that you will offer all the opportunities and the abilities in their best full stack web development course. And they will also make sure that you have prolific and elaborative knowledge of the integral parts of full-stack web development.

Programming Languages

There are several programming languages like Java Script, PHP, C#, Python, Ruby Perl etc. And to be the best in this domain you must know about the usages of these programming languages.

Development Frameworks and Third-party libraries

The popular development languages are accompanied by various reliable development frameworks like JAVA Spring, MyBatis, Hibernate, Python Django, PHP think PHP, yin, nodeJs express and many more.

Database and Cache

Every application or website or project needs a storage database. And full stack web development requires one or two databases and also should know how to interact with these two databases. The most popular databases that have to learn about are MySQL, MongoDB, Redis, Oracle, SQLServer and some more.

To know more: https://earlycareer.timespro.com/tech/course/fullstack/

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Online Job-Oriented Courses For Commerce Graduates?

Commerce has always been one of the most preferred courses by students. Commerce is a wide range of subjects that deals with the study, knowledge, and application of economics, business, management, marketing, etc.

Commerce graduates can work in various departments like banking, finance, insurance, retail trade, and many more.

The courses offered by different colleges provide students with different opportunities for employment after graduation. The career options available to you depend on your area of specialisation. Some people go for jobs in the Government sector, while others prefer private sector jobs.

In this article, we will discuss some of the online job-oriented courses for commerce graduates so that you can get into a job without wasting your time after graduation.

9 Online Job-Oriented Courses Commerce Graduates can Take

Here are the details of the top online job-oriented courses for commerce graduates:

TimesPro Banking Programme- Relationship Management

India’s business and operations in relationship management and sales are gradually transforming. Banking competition rises because of these factors. Therefore, private and public banks constantly strive to achieve growth and meet performance goals.

The recent trends indicate that bank executives will significantly impact sales and customer relationships. To keep up with the current banking landscape, ICICI Bank offers an adapted program for those eager to embrace the new banking age and use their interpersonal skills to provide excellent customer service.

YES Bank – YES FORCE Programme

Among the leading sectors of the financial services sector, banking plays a crucial role in the nation’s economic development.

To meet the changing demands of customers, all these segments have been undergoing rapid transformations. Providing innovative bank services, improving government policy, and rapid advancements in the sector have created limitless career opportunities.

It is necessary for anyone interested in entering the banking system to possess domain knowledge and skills. For freshers and beginners interested in careers in the banking sector, TimesPro has developed the Yes Bank Training Course.

DCB Bank – Certificate Programme in Collection Management

In nearly every country, the banking industry plays a significant role in boosting economic growth. As a result of the evolution of the banking sector, several innovative and inventive opportunities have been opened up.

Professionals and beginners in banking benefit from such evolutions, as they can explore more exciting opportunities. TimesPro conceived and developed the DCB Bank Training Programme (Certificate Program in Collection Management), which aims to provide both beginners and experienced participants with opportunities in the banking sector.

In just 15 days, you can begin your banking career with this Banking Management Certification Course!

PGDBM-XL – Post Graduate Diploma in Banking Management (Extended Learning)

Global banking has been dramatically affected by the COVID-19 pandemic, which has prompted massive changes. A post-pandemic environment and evolving trends have driven consumer needs to advance like never before. The online banking services available to customers are becoming more widely known. Banking competition has been accelerated by growing expectations for digital banking services.

A shift has occurred among BSFI entry-level hires in the direction of sales and customer-facing roles as technology has advanced, and processes have been automated.

Our signature Post Graduate Diploma in Banking Management short-term program enables you to develop strong customer service and engagement skills, as well as sales & marketing skills. The NSDC-approved job-oriented courses for commerce graduates combine digital and experiential learning to deliver world-class training.

Certificate Programme in Insurance Sales & Service Management

You will inevitably experience a career transition once you set foot in the insurance industry. With this program, you will learn a broad range of skills, be exposed to endless possibilities, and ensure that you can make money for the rest of your life.

During the certificate course, students will learn about understanding customer journeys, reaching all stakeholders, and shaping perceptions of value. Through this program, you will gain a strong foundation for a successful career by exploring customer-centric solutions.

Job-oriented courses for commerce graduate programs enable you to work more efficiently within a complex and fast-moving environment by enhancing your domain expertise and management skills. Participants in this Insurance certification course will increase their career advancement, performance, and retention opportunities.

PNB Metlife – Certificate Programme in Insurance Sales & Service Management

In India, insurance penetration stands at 3.69%, and the industry is expected to enjoy a healthy and consistent growth of 12% – 15% over the next five years (ibef.org).

Many factors contribute to the growth of Indian insurance, including government schemes like PMSBY, PMJJBY, Ayushman Bharat Yojana, and new distribution channels. These elements, as well as 100% foreign direct investment, enable the sector to grow.

To offer a Certificate Program in Insurance Sales & Service Management (CPISSM), TimesPro has developed a program. Designed for first-year students and beginners, this foundation course gives them a foothold in the insurance industry.

Tata AIA – Certificate Programme In Insurance Sales & Service Management

As an integral part of a nation’s economic development and well-being, the insurance industry plays a critical role. With high growth and low penetration rates, India is one of the most lucrative insurance markets worldwide.

This industry will undoubtedly provide huge career opportunities and employment for aspiring students and managers. Using job-oriented courses for commerce graduates like TimesPro’s TATA AIA Insurance Certificate Programme, freshers and managers seeking careers in the insurance sector will be able to open doors to a wide variety of industry opportunities.

FGI – Certificate Program in Insurance Sales Service Management

In addition to this certificate program, TimesPro offers a Certificate in Insurance Sales & Service Management (CPISSM). Freshers and beginners seeking careers in the insurance industry will benefit from this foundation course.

This 15-day program is the fastest way to jumpstart a rewarding career in insurance sales. If the candidate completes the program, they will be entitled to full-time employment with Future Generali India. Employment benefits include healthcare incentives, high earnings potential, fast-track promotions, and many more.

TimesPro Banking Program – Fintech (WISHFIN)

With WishFin, customers seeking banking products can interact directly with banks using its proprietary technology. This program will allow you to work with some of the fastest-growing fintech organisations in the country.

In addition, you’ll be given a robust appraisal system and will be able to develop and grow your skills in a dynamic and innovative work environment.

Final Thoughts

In today’s era, upskilling has become the need of the hour. Constant technological advancements coupled with increased global trade have mandated changes in business processes, and expectations from professionals have also evolved. So, commerce and finance professionals and freshers must stay on top of the ever-changing business paradigm. Their job readiness depends more on continuing professional development than ever before, and the courses outlined and described in this article will help them achieve employability.

To know more: https://earlycareer.timespro.com/course/short-term-post-graduate-diploma-in-banking-management-pgdbm/

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8 Crucial Entry-Level Roles Offered In The Banking Sector In India

The banking sector is one of the most reliable and lucrative sectors in India in terms of job security and satisfaction. A job in this industry will not only give employees a handsome salary but also a variety of growth opportunities. No matter how bad the times were in the Indian economy, this sector stood steady and survived the darkest of times. The banking sector is spread all over India, with both private and government agencies involved.

The banking sector has proved from time to time that it is nowhere close to stagnation and will continue to expand. It has been producing countless jobs for decades, taking the economy forward.

The Indian banking sector has many departments that offer a variety of services to clients. These departments bring a treasure trove of opportunities to job aspirants with a countless number of positions that are filled by job seekers across the country every year. The need for a proper guide and short-term banking programme has become popular among job aspirants who are looking for a bright career in the banking sector across India.

Transforming banking services in India

The Covid-19 pandemic has driven the banking and financial sectors in India towards a digital transformation in the last couple of years. Contactless financial transaction apps such as Google Pay, Phone Pay, Amazon Pay, Paytm, and more have become the standard mode of payment all over India. Customers are now more accustomed to online banking services, and digital banking services are generating more revenue than ever before.

The working population in India is growing, and their growing income is swiftly increasing the demand for different baking services in the country. The finance and banking industry in India is estimated to be valued at Rs 6,20,700 crore by the end of 2025, said Bhagwat K. Karad, Minister of State for Finance.

This is giving rise to a great demand for professionals well-versed in today’s banking trends in India. Job aspirants in this sector need to update themselves with the latest and most relevant banking and finance skills that employers may seek.

The PGDM Short-term Banking Programme, curated in association with TimesPro, is designed to prepare graduates for a promising career in the banking sector.

Job profiles offered at an entry-level in the Indian banking sector

Here are the 8 most lucrative entry-level positions in the banking sector in India:

Relationship Manager

A relationship manager at a bank is required to manage client relationships and keep records of the services. The responsibility of managing all the banking and financial requirements of the clients is one of the primary duties of a relationship manager.

Assistant Manager

Assistant managers need to look over different banking services, including the customer service department. They are also responsible for assisting existing and potential customers, reviewing and managing staffing procedures, and more.

Information Technology (IT) Officer

The IT officer at the bank is responsible for streamlining the processes of the data centre, in which all the data and core banking applications are stored.

Security Manager

The security manager at a bank identifies and prevents various illegal activities. He/she is also responsible for assessing cybersecurity tools and protecting customer data.

Law Executive

A law officer at a bank in India must make sure that all the rules and regulations that are laid down by the RBI are followed by the respective bank.

HR Manager

An HR manager is in charge of managing the affairs of the staff and attending to the needs of the employees across departments.

Branch Manager

Bank managers oversee all the operations of their bank and ensure that every process is conducted smoothly. They are required to deliver proper customer service, manage resources, develop business strategies and more.

Business Development Manager

A business development manager is tasked with the job of garnering better brand recognition and financial growth for the respective bank.

TimesPro PGDM banking programme transforms you into a competent banking professional

Their short-term banking programme, conducted in association with TimesPro, is designed to help participants build a career in customer management. The programme is primarily focused on sales and marketing services in the banking sector.

Here are the key highlights of the programme:

It offers five assured job opportunities with 100% placement assistance.

Veteran and experienced bankers are part of the faculty.

Provides the most up-to-date curriculum to learn to the bank.

Provides both the soft and hard skills required for the new-age banking sector.

Prepares the students for customer-facing roles that are focused on sales and service.

Finacle (Infosys) is the authorised training partner.

Has over 350 placement partners including HDFC Bank, ICICI Bank, Yes Bank, Kotak Mahindra Bank, Indusind Bank, Axis Bank, IDFC Bank, and more.

To know more: https://earlycareer.timespro.com/blog/8-crucial-entry-level-roles-offered-in-the-banking-sector-in-india/

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Why You Should Consider A Career In Logistics And Supply Chain Management

Supply chain management is the handling of the entire flow of a good or service, starting from the raw components to delivering the final product to the consumer. It is an interdependent cycle of processes or networks that move the product from the suppliers of materials to the consumer. Any problems or delays in the process would lead to a cascading effect, ultimately leading to untimely or failed deliveries and disgruntled customers. Supply chain management (SCM) is the backbone of any country and for a successful and efficient SCM many factors like proper infrastructure, policies, taxation, and many more come into the picture.

The Global Supply Chain Management (SCM) market size is projected to grow from USD 28.9 billion in 2022 to USD 45.2 billion by 2027. However, companies are facing a shortage of proficient and experienced professionals to oversee the supply chain’s smooth operation. Therefore, the role of SCM is gaining popularity all over the globe, with high remuneration and fast career growth. Organisations have also realised that the smooth functioning of the supply chain helps maximise customer value and achieve a sustainable competitive advantage in the market.

The growing logistics and supply chain industry in India

Globalisation, digitalisation, and the Covid-19 pandemic have revolutionised supply chain management and logistics to a great extent. Technological advancements have also changed how supply chain management is handled in organisations. Effective supply chain management helps supply chain managers to easily diagnose disruptions for seamless movement of goods. The changes have been good, but the supply chain sector is facing a shortage of supply chain management professionals. With the manufacturing sector and e-commerce industry flourishing rapidly, there is an increasing demand for supply chain management professionals in the job market.

The increased use of technology and digitisation has enabled end-to-end visibility in the supply chain, thus providing a better ability to forecast disruptions and quick decision-making with the help of real-time insights. As various organisations adopt new-age technologies to streamline operations and process information in real time, there is a great demand for tech-savvy SCM professionals in the market. Smart shipping uses the Internet of Things (IoT), Artificial Intelligence (AI), data analytics, etc. that provide improved visibility, real-time status updates, and smart shipment tracking. Various logistics and supply chain management courses enable SCM professionals to gain knowledge about the latest cutting-edge technologies used in SCM.

With the Indian government promoting tech-enabled procurement, new drone rules have paved the way for faster, smoother, and carbon emission-free logistics. The promotion of electric vehicles and energy-efficient systems has helped to adopt sustainable supply chain management. Cloud technology is also being increasingly adopted by various Indian service providers, as it is easy to store a large amount of data that is required for real-time analysis and monitoring.

The Indian logistics and supply chain sector evolved from being a support sector to a high-impact sector, growing at 10.7 per cent CAGR.  So, there is a growing demand for highly skilled managers, making it a lucrative career option.

Increasing opportunities for skilled professionals in the supply chain industry

Effectiveness in supply chain management enables organisations to protect their reputation and long-term sustainability. Logistics focuses on the movement and storage of items in the supply chain, whereas supply chain management (SCM) is more comprehensive, ensuring coordination between partners that have a role in the supply chain. This can include areas like sourcing, manufacturing, transporting, storing, selling, and many more.

Improved big data analytics, new-age technologies, the use of cloud and blockchain technology, and many other factors have increased the opportunities for skilled professionals in the supply chain industry. Procurement, logistics, and supply chain management are some of the fastest-growing fields globally. Thus, proper accreditation from institutes providing a certificate in logistics and supply chain management would empower professionals with added leverage in the job market.

Various key components form the overall supply chain and logistics process, including the following:

Distribution

Inventory control

Logistics

Materials management

Packaging

Procurement and purchasing

Strategic sourcing

Transportation

Warehousing

There are several important supply chain job duties that will vary depending on the exact position. A few SCM job profiles that can be your career path are Purchase Manager, Strategic Planner, Materials Analyst, Supply Chain Manager, Warehouse Manager, and many more.

Logistics and supply chain management course to boost your employability

Logistics and supply chain management is critical for most businesses, and there are a lot of job opportunities for professionals who wish to pursue a career in the Logistics & Supply Chain Management sector. One of the courses that can boost your employability is the Post Graduate Programme in Logistics & Supply Chain Management (PGPLSCM), a Times Professional Learning (TPL) exclusive programme, that guarantees placement and lucrative salary in India’s 350+ leading companies.

A few highlights of the PGPLSCM course are as follows:

A course designed using research, new business models, and trending technology by sector specialists, vertical veterans, and industry watchers

In-depth coverage of all relevant Supply Chain topics

The intensive curriculum delivered in just 4 months

Blended learning with hands-on project experience

Built-in industry certifications

Career counselling and placement assistance

KNOW MORE

FAQs

Is supply chain management an in-demand profession in India?

Supply chain management is changing to adapt to the current demands, and hence there is a great demand for skilled professionals. Procurement, Logistics, and Supply Chain Management are some of the fastest growing fields globally and now is an ideal time to pursue them. There is a growing demand for highly skilled managers, making it a lucrative career option.

2.Is a supply chain certification worth it?

A supply chain certification can add tremendous value to management professionals. Supply chains are designed to meet customer needs by connecting all production parts to provide a product in the most efficient way possible. With globalisation and advancements in technology, SCM is a great career to pursue. For this reason, Times Professional Learning (TPL) has launched an exclusive programme, Post Graduate Programme in Logistics & Supply Chain Management (PGPLSCM), that guarantees placement and lucrative salaries in India’s 350+ leading companies.

3.What are the different roles available in the supply chain industry?

There are many Supply Chain Management Careers available today. Some of them are as follows:

Logistics

Operations

Inventory Management

Warehouse Management

Returns Management

Sourcing

Military Logistics

Strategic Planning

To know more: https://earlycareer.timespro.com/blog/why-you-should-consider-a-career-in-logistics-and-supply-chain-management/

[timespro6]

All You Need To Know About Strategic Leadership

Introduction

Leadership is a quality that is desired by people from all fields of life. Organizations from all over the globe wish to improve their leadership style at some point in time. However, finding the right one can be a real challenge. A leader with the right leadership style can be a boon for any team.

A good strategic leader will challenge old practices, reduce risks, improve effective communication, and help your organization reach new heights. It is at this point where strategic leadership comes in. The demand for a qualified strategic leader has been significantly rising over time.

Do you wish to know more about this? Stay with us, and we’ll let you know all about strategic leadership and how possessing an executive leadership certificate from a reputed institute can boost your career!

What is Strategic Leadership?

Strategic leadership is a practice used by various executives wherein they use different styles of management, develop a mission for their organization and thereby provide a competitive edge to their company in changing economic times.

In simpler words, strategic leadership is defined as a leader’s ability to visualize, strategize, and lead while efficiently utilizing available resources for an organization’s success. Strategic leaders use their vision and skills to motivate employees and departments by fostering a sense of unity and direction among them.

The main aim of strategic leadership is to implement change for the better within an organization. Some other goals that can be achieved by strategic leadership skills include streamlining processes, improving strategic productivity, promoting creativity, nurturing an encouraging environment, and ultimately pushing forward employees to be independent. A good strategic leader is a valuable possession of an organization.

What are The Key Strategic Leadership Skills?

Now that we know how crucial a strategic leader’s role is in an organization, it becomes all the more important to know about the various strategic leadership skills. As a strategic leader, you must have certain skills and abilities to successfully do your job. Some of the most important key skills that a strategic leader must have are as follows:

1. Strategic Thinking, Planning, and Agility

One of the most important skills a strategic leader must have is to have a vision. They need to be a strategic thinker and prioritize tasks on the basis of necessity. The next significant role a strategic leader has to play is efficient planning.

Many companies rely on systems to store information and save money. Hence, a strategic leader must understand how to create systems for planned initiatives. Having strategic agility is also integral. A leader must have wide perspectives and should be able to turn the company’s long-term vision into daily objectives.

2. Effective Communication Skills and Integrity

Forming good relationships and networking is a significant role that a strategic leader must perform. Hence, possessing efficient communication skills will be a bonus. As a leader, it is vital for you to be able to convey the organization’s vision to the employees efficiently. Having good social skills will be a great add-on.

It is also important for a leader to possess compassionate strategic leadership skills like being grounded in integrity. They must be able to understand and consider their team’s ideas, perspectives and feelings in a constructive manner.

3. Transparency and Passion for the Job

Many executive leadership certificate courses also pay immense attention to transparency and passion. As a leader, you must be transparent and fair with your decisions and be motivated about your job, as only then can you preach passion to others. They must be someone who stops at nothing until their vision turns into reality.

Another important thing strategic leaders must be able to do is to create efficient but achievable goals. They must know how to make a goal-setting framework that not just defines outcomes but also helps to measure objectives and track key results properly.

4. Strong Self-Awareness and Reliability

When you are a leader, you need to be self-aware. It is one of the most important strategic leadership skills covered in almost all strategic management certificate courses. This is because a good strategic leader must know how their actions and mood can impact their teams.

Building trustworthy and reliable relationship with your team is another quality that a professional strategic leader must have. They should be passionate and determined and someone the team members can count on in times of distress.

Conclusion

There is no single best leadership style, as it varies from one organization to another. However, possessing strategic leadership skills proves to be promising. A strategic leader supports unity, builds commitment, encourages employees, remains open to new ideas, ensures clarity and ultimately supports the organization’s overall vision. With the strategic leadership style, there is always a chance to improve. If you wish to hone your skills and become a qualified strategic leader, you must enroll in TimesPro’s strategic management certification course today.

To know more: https://earlycareer.timespro.com/

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8 Key Things to Remember Before You Commence Your SCM Career

Explored and surfed the internet several times to read about Supply Chain Management?

Well, you are not alone. The perks and privileges of having a career in supply chain management tempt a wide variety of people to join the club. Over the years, Supply Chain Management has become an integral part of business functions today. However, it is vital that before starting a career, you delve deeper into the details to feel more secure about your decision.

Are you still contemplating a job in supply chain management, or are you just about to begin your SCM career? If yes, then this article is essential for you. Read ahead to learn about the eight key things you must remember before launching your SCM career!

1. Exciting and Challenging Work Life

There are jobs where one feels like the day keeps going, and you can’t wait to finish the shift. On the other hand, there is SCM. With a job in supply chain management, you can be assured that there will not be a dull day. Every day is unpredictable and exciting, with its targets and challenges. Though sometimes the workload and deadline may not complement each other, that's the beauty of SCM. So, if you wish to avoid the regular mundane job life, joining the SCM wagon can be the right choice!

2. The Job Scope is More Than Just Moving and Storing Boxes

Many think a career in SCM is limited to overseeing information, materials, and finances. Agreed, SCM professionals track the products from the supplier to the manufacturer to the wholesaler and finally to the retailer. However, depending on the industry or organisation to which one belongs, the duties of a supply chain manager can vary significantly. Every company’s outlook on what a supply chain is different.

It changes based on the functions involved and how the management generally is included in the business. Hence, you need to know how diverse the supply chain is before starting your SCM career.

3. Vast Knowledge Horizons are Essential for an SCM Career

Supply chain management is a set of connecting dots involving various complicated variables. Hence, it is obvious how having extra knowledge can prove an asset. Therefore, as an aspirant, you must take job-related courses in various fields to increase your knowledge. Drawing insights from different courses should be your goal because having a well-blended mix of educational experiences will be a bonus when working in a complex industry like SCM. Grab new knowledge and the latest practical skills to ace an SCM career. Various courses in supply chain management online, might help you in enhancing knowledge and learning about new prospects.

4. Pressure Can Sometimes Get Pretty High in SCM

The world of SCM is very competitive. A single mistake or a missed deadline will result in the company losing a hundred thousand dollars. Still, it will also transfer the opportunity to the competitor. Hence, before launching an SCM career, you should know that the field of logistics is demanding and fast-paced. As an SCM professional, you will always be expected to do efficient work and give your all at the job. The bottom line is that being passionate is an essential condition for pursuing a career in SCM, as only then will you flourish, learn and succeed exponentially.

5. Networking is a Must for an SCM Professional

Are you a people person? If not, a career in SCM may not suit you. While most of the information about supply chain management emphasizes the process, practices and technology, the reality is that no supply chain can survive without basic networking. Experts advise aspirants to value and create relationships, so they have someone to rely on when they require guidance or a favour.

6. Polish Your People Skills to Succeed

In the world of SCM, ‘what you know is essential but ‘whom you know is the key to success. Apart from joining short-term courses for the job, finding a suitable mentor right at the beginning of your SCM career is crucial as they can prove invaluable knowledge. Always remember, “The key to success is to observe, listen and ask questions."

7. Multiple Career Opportunities are Available

Supply Chain Management is a broad term that covers various positions. A basic career trajectory in the field goes from being an expeditor as a beginner to a buyer upon advancing and moving further upwards. Some popular job choices include operations analyst, production manager, loading operator, logistician, and more. Take some job-related courses at Times Professional for added benefits.

8. SCM is Data-Oriented

As an SCM aspirant, you must know that supply chain management is intensely dependent on data. Most businesses have thousands of unique products, so the information load is tremendous. Hence, an SCM professional is expected to be able to conclude quickly from a sea of data. Using data to answer questions may look simple, but it can be daunting. Therefore, you should be agile and quickly extract and summarise relevant points from the data in a timely fashion.

To know more: https://earlycareer.timespro.com/course/post-graduate-programme-in-e-commerce-supply-chain-management/

[timespro6]

Top Financial & Banking Services Trends

Introduction

Banking and Financial Services (BFS) have undergone tremendous changes over the past few years. The banking services were greatly affected by major occurrences in the financial market, such as demonetisation and the Covid-19 pandemic. Financial institutions thus began to appreciate the need to use the latest technologies and offer top-notch customer experience. With this came the need for individuals who could adapt to the changing climate of the banking and financial sector. And to adapt and evolve in this rapidly growing sector, individuals must first be aware of the latest trends.

Let’s take a look at some of the latest trends when it comes to financial services.

Trends in the Banking and Financial Sector

Digital Transformation

We function in a digital age. Most activities of daily life are done through an app or a website. Whether we talk about shopping, entertainment or education, all of it is now available at one’s fingertips. This is true for banking and financial services as well. More and more people have now understood the convenience of online banking. The need to physically visit a bank has declined significantly.

In response to this growing need for a hassle-free user experience, banks have begun implementing new technologies and undergone a digital transformation. This is aimed at making banking services available to customers 24/7 and user-friendly. On an organisational level, banks, too, have understood how digitalisation can help increase operational efficiency and decrease costs. This has encouraged more and more banks to become digitally aware.

Fintech Partnerships

A recent entrant into the financial market, Fintechs are firms that utilise new technologies to run operations as opposed to traditional banking services. There are currently 2,000 Fintech organisations operational in India.

Although banks are aware of the importance of digitalisation, there are still some operations that are run conventionally. Banks are also just making their way into the digital sphere. On the other hand, Fintech offers financial services at lightning speed and uses new technology as and when it develops. This allows Fintechs to offer a seamless customer experience.

Initially thought of as the enemy of banks, it was soon realised that the strengths of these two financial institutions could be combined to have groundbreaking results. Where banks have spent years, if not decades, carefully fostering personal relationships with their customers, Fintech has only just entered the market. Therefore, Fintech still faces a bit of scepticism and is not necessarily perceived as trustworthy compared to a bank.

This is where a bank and Fintech collaboration comes into play. Firstly, all Fintech requires licensed banks for capital. A Fintech as it stands today cannot function without a traditional bank. On the other hand, customers are no longer interested in spending hours in queues at banks. A collaboration between the two meant bringing together the best of both.

While Fintech brings technological savviness, banks bring their huge consumer base. And this becomes a win-win situation for all. The consumers get the services they require promptly, and the Fintech-banking partnerships observe an increase in the outputs offering these services.

Improved Technology

Another trend witnessed by banking and financial services was the use of new technologies. Although banks had begun to realise the need to go digital soon after the emergence of the internet in the 90s, it was not until recently that they realised how advantageous new technologies could be. This encouraged banks to use new technologies as and when they appeared. Some of the technologies currently being implemented by banks are listed below:

Artificial intelligence (AI)

Blockchain

Machine learning

Cloud banking

Robotic process automation

Big data

The following list mentions a few ways in which banking services are benefitted from using advanced technologies.

Increased efficiency

Improved accuracy

Reduced costs

Streamlined communication

Better overall customer experience

Conclusion

There is a lot to keep up with within the banking and finance sector. Financial services are now offered in a significantly different way than they were before. With the trends leaning away from traditional banking services and taking a customer-centric approach, one must be equipped with the latest know-how and domain knowledge.

For someone looking for banking courses after BCom, the DCB Bank Training Programme is the perfect way to gain the required expertise in financial services. The Certificate Program in Collection Management is a 15-day rigorous training program taught by the top experts in banking services and comes with an assured placement with DCB Bank. This ensures that the learner is taught the most updated and relevant information needed to make a career in the financial services sector, unencumbered by the fear of getting a job. To look at some after-BCom courses for banking, head over to TimesPro.

Know More: https://earlycareer.timespro.com/course/short-term-dcb-programme/

[timespro6]

What Is Banking Compliance?

The Financial Sector Of India

According to IBEF (www.ibef.org), the Indian banking system houses 12 public sector banks, 22 private sector banks, 46 foreign banks, 56 regional banks, 1485 urban cooperative banks, and 96,000 rural cooperative banks, in addition to cooperative credit institutions. This widely spread web of banking and non-banking financial institutions, or NBFCs, form an integral part of the country’s economy and play a crucial role in the smooth functioning of all matters related to money, directly and indirectly.

The financial sector, which encompasses banking and NBFCs, was valued at USD 2.48 trillion. Of this, USD 1,602.65 billion was the value of public sector banks, and USD 878.56 billion was that of the private sector. The difference between public sector and private sector banks is that in the case of public sector banks, 50% or more of the bank’s shareholding rests with the centre or state government, giving the government a majority stake in the bank. Examples of public banks in India include the State Bank of India, Union Bank of India, Punjab National Bank, etc. On the other hand, private banks include DCB Bank, Yes Bank, HDFC Bank, etc.

Significance of the Reserve Bank Of India

The important thing to note about both the public sector and private sector banks is that both sectors are regulated and governed by the Reserve Bank of India, which is the apex authority responsible for the regulation of the banking sector. Its main functions include:

Being the monetary authority that formulates, implements, and monitors the monetary policy

Being the primary regulatory and supervisory body of the financial system, prescribing broad parameters of banking operations and compliance in banks

Managing foreign exchange as per the prescribed law

Issuing and circulating currency

Being a banker to the government and a banker to the banks

The RBI is also responsible for imposing penalties and fines upon banks that do not follow banking compliance regulations laid down by the law. In a recent case, the RBI imposed heavy liabilities on 14 banks, ranging between Rs. 50 lakh–Rs. 2 crore for violation and contravention of regulatory norms. This is where the importance of banking compliance can be understood.

What Is Compliance?

According to Shri M.K Jain, Deputy Governor, RBI, “Compliance is defined as the act of following laws, rules, regulations, and various codes of conduct including the voluntary ones. Although most of these arise from external requirements, following the organisation’s own internal rules, policies, and procedures, and acting by ethical practices is equally important. A strong compliance culture should also ensure adherence to fair practice codes, manage conflicts of interest, and treat customers fairly, with the larger objective of delivering efficient customer service. Thus, compliance shall go beyond what is legally binding and embrace broader standards of integrity and ethical conduct.”

From this excerpt of the Deputy Governor’s speech, one can glean the significance of banking compliance. In the case previously mentioned, the RBI issued notices to those 14 banks, seeking a show cause as to why they should not be penalized for non-compliance with the Banking Regulation Act of 1949. And failure to do so attracted significant penalties.

A Job In The Financial Sector

There are many opportunities to explore for fresh graduates looking to make their career in the banking sector. The banking sector offers many lucrative jobs, from investment banking to commercial banking to financial advisories. However, a career in banking entails a lot of responsibility and technical know-how.

Aspirants must possess the technical know-how and domain knowledge associated with the field. This includes banking fundamentals, regulatory environment; risk and financial compliance; generic banking products and services; mandate-specific products and services, and so on. Apart from these hard skills, one must also possess analytical abilities, effective communication skills, problem-solving abilities, general ethical practices, and customer service.

Additionally, one must possess a certain level of adaptability and willingness to learn. This is even more true in the ever-changing and ever-evolving economic environment. With the advent of new technologies, more and more banks have now started using technology to their advantage. By using artificial intelligence, machine learning, blockchain etc., banks can run their operations more efficiently and effectively.

The need to update their processes was further propelled when more and more businesses and individual customers began using digital banking for their day-to-day banking needs. This created the need for employees who are proficient with their domain knowledge and comfortable and willing to learn new processes. Therefore, one must constantly endeavour to learn and upskill themselves to stay ahead of the competition. And given that it is the banking sector we are talking about, there is no shortage of competition.

DCB Banking Certification Course

So how can one stay ahead of the game? Well, one such way is by getting certified. The DCB Banking Certification Course is a rigorous 15-day training program that equips the learners with not only the required domain knowledge but also hones the necessary soft skills. The Certification Course in Banking Management is ideal for freshers looking to break into the banking sector as it comes with an assured job with DCB Bank. It is also suitable for those who are early into their banking careers and are looking to polish their skills. With a salary of Rs. 2.5 LPA and several attractive incentives, the DCB Banking Certification Course is sure to be a start in one’s CV, add significant value to one’s overall profile and make them an ideal candidate for a job in the banking sector. So what are you waiting for? Head to TimesPro to learn more about the DCB Banking Certification Course and begin your professional journey today!

Know More: https://earlycareer.timespro.com/course/short-term-dcb-programme/

[timespro6]

10 Steps To Start And Grow Your Small Business

To make your small business a success, in today’s time, you must be adaptable and possess strong organising and planning abilities. Many people start businesses with the expectation that they can turn on their computers or open doors to their stores and start producing money, only to discover that doing so is much harder than anticipated. Making and growing your small business requires planning, execution and maintenance.

No matter what kind of small business you run, you’ll want to increase sales and revenue. That is why so many individuals are curious about how to start and expand a small business. In this article, we shall discuss 10 steps that will help you grow your small business and scale it into a bigger one.

Grow your Business in 10 Steps

Having a simple, universal expansion plan for your small business is not easy. However, there are essential steps you can take to give your company the best chance of expanding.

1.     Research Your Business Idea

Getting hold of a business idea is what it takes to get your business started.

You’re already one step ahead of the game if you have a small business concept. The first step in beginning a business is figuring out whether there is a market for your idea because an idea is merely the germ.

You must conduct market research to deeply understand the prospect of your business. This will give you a clearer picture of who your customers are and what they want. It’s crucial to understand your target market and be aware of their wants. Understanding these may help you understand how your company can grow and adapt.

It is also important to do some research on your competitors. You may make more informed judgments about how to scale your small business appropriately by being aware of its strengths and drawbacks.

2.    Create Initial Budget

Estimate the costs of beginning and maintaining your firm, regardless of whether you want to keep costs down with a lean startup strategy or you’ve already saved the money to launch it.

While the estimated vs actual cost might differ, it is always to have an estimated idea of the budget. While allocating your budget, you can consider the following categories.

Startup expenses

Business licences and permits from the state and local governments

Equipment

Especially if you want to incorporate, legal fees

Commercial Insurance

Website and brand development

Inventory \Trademarking

Rent

Ongoing expenses

Utilities and rent

advertisement and marketing

Manufacturing and supplies

travelling costs

living costs

pay for workers if you want to create jobs

3.    Get Started

No matter how big your final company goals are, you may still launch a business in your spare time while juggling your other commitments. Not everyone has the financial means to quit their job and explore starting their own business, but that doesn’t mean you can’t start one.

Starting a blog might become a business down the road, or starting a handmade goods company while working full-time could turn into a full-time endeavour.

4.   Introduce Your Product/Service to Customers

Launching your product/service on a small scale can give your business the right kind of validation. Before spending a lot of time and money developing your product, it isn’t difficult to determine whether customers are willing to pay for it. This is something you should do regardless of the type of business you’re beginning.

There are numerous approaches for validating your organisation. You can create a store to receive preorders, start a crowdsourcing initiative, or sell a beta version of your product or service. You can test your product ideas in several ways, but if you’re unsure, start selling right immediately.

5.    Build a Detailed Sales Plan

‘What have been your last quarter’s sales?’ – This is what is asked to measure your business’ success. So, to have amazing sales numbers, it is important that you have a detailed sales plan. To have a detailed sales plan in place, it is always recommended to create a sales funnel. Your sales funnel can help your business grow across dimensions. Consider a sales funnel to be the journey of a consumer. As soon as a customer enters your store or visits your website, they are at the top of the funnel. Upon purchasing a product or signing up for a service, the funnel is completed. You should try to come up with tactics to move customers through the funnel to make a sale. This can involve giving them a discount or requesting their contact information so you can give them news about your company.

6.   Start Building Your Online Presence

Seeing new business ads on any social media platform has become quite common. Every time you randomly scroll through Instagram, you’ll get to see two or three. On clicking on them, you are directly taken to their website. This is what is essentially called having an Online presence.

Online presence is a great way to grow your small business into a popular and loved business among the masses. To get started with it, create a website for your company after registering your domain name. If you’ve never built a site before, try using one of the many free programmes to build a company website. These tools include drag-and-drop capabilities and are as simple to use as Word documents. Sites like Shopify charge a modest monthly price for a virtual storefront with an online shopping cart if you intend to sell goods online. Additionally, now is the ideal moment to create social media profiles and advertise them on your fresh website. Don’t forget to set up a professional email account for use in business.

7.    Adopt good Marketing and Promotional Strategies

If you are a business owner, then you must be asking a set of questions to yourself from time to time. Are you aware of what your customers are looking for? Do you think people trust your products? Have you seen any reviews or social media posts that customers have made about your products and services?

All of these questions can be answered by the phrase “marketing.�� The advantage of marketing for your business is that it engages customers and influences their decision to buy your products or services. Your business plan’s marketing strategy contributes to the establishment and maintenance of demand, relevance, reputation, competition, etc.

Once you have made an online presence, keep your product on social media. Invite friends, acquaintances, and prospective clients to follow your accounts. Promote sales or provide articles pertinent to your sector to increase visitors to your website. Both Facebook and Google provide inexpensive advertising options that can help your content reach a larger audience.

8.    Gradually Build a Strong Team

How much work you can accomplish on your own will depend on how much time you have to dedicate to the job. If you intend to hire assistance, you must budget for those expenses as well as the time needed to discover and onboard freelancers or employees.

It takes a lot of time and effort to find the proper people for marketing, design, engineering, finance, sales, and HR. To succeed, a small firm must have a solid and reliable workforce.

9.   Keep your Sales number Strong

You have to improve as a salesperson if you want your small business to succeed. You’ll need to have the ability to “sell” your company to clients, potential investors, and even job candidates.

It’s critical to practise listening, be trustworthy, and have a good outlook. Your sales pitch needs to be practised, reviewed by a variety of people, and then improved. Even if you are not an outgoing person by nature, you must project confidence, follow up, and make the sale request.

10. Seek Good Investments

With your initial capital, you will be able to make good sales and have strong roots in your business. But if you want to grow your business and take it to the top, you will need more investment and good partners.

Most expanding businesses eventually reach a tipping point when self-sustainability is no longer sustainable, whether it’s to increase cash flow, strategically scale, or add new team members, necessitating external financial input.

A successful investment round can assist a startup company in crossing a new threshold. However, for that to occur, the timing and the investing partner must be in sync.

Conclusion

If you want to expand your small business, you must be willing to take calculated risks. You should take a look at your business plan and create precise and reasonable predictions about how you believe various methods will impact your company. The key to maintaining a successful business is monitoring your growth and making required updates.

To know more: https://earlycareer.timespro.com/course/bennett-university-post-graduate-certificate-in-media-and-marketing/

[timespro6]

15 Essential Skills That A Full-Stack Developer Needs To Have In 2023

Full-stack developers are in demand in software development. A firm knowledge of both back-end and front-end development is key for seamless software development. Full-stack developers are also accountable for the user interface, design patterns, and enhancing user experience by determining a customer touch point mapping. These are the primary reasons full-stack developers are in demand.

The latest full-stack developer course online makes you market-ready. Learn more about the role and the skills needed.

Full-Stack Developers – Who are They?

Full-stack developers are fluent in the front-end and back-end. They work on the server side of web programming and are accountable for developing websites & applications.

These developers are skilled programmers with in-depth knowledge of database architecture, user experiences and interfaces, design principles, and computational tasks. The full stack development course will build in your skills and set them apart from the rest, significantly boosting the scope for these jobs.

What is Full-Stack Development?

Both front-end and back-end are the two crucial divisions of web development. The front-end developers work on a project’s interfaces, wireframe, and visual aspects. They are also known as the client-side comprising everything the user watches or interacts with on the web.

Connect to back-end developers if you want to build the website’s architect, logic, and working mechanism. They are called the server-side, which works relentlessly behind the scenes providing power and direction to the website.

Full-Stack development involves both types of web development. Full-stack developers require a wide range of skills that helps them perform these tasks effortlessly. The intensive full-stack web developer course will also help you understand these theories. The following are the essentials of the full-stack developer course.

Top 15 essential skills of a Full-Stack Developer

In the full stack web developer course, you will be able to develop these skills needed to be successful:

I. Front-end skills

1: CSS

CSS or Cascading Style Sheets determine the look and feel of the website or application. Relative to HTML, CSS helps to determine the aesthetics like color, font, etc., whereas HTM determines the placement of the objects and the structure. It makes the HTML look better and provides consistent presentation across the devices.

2: HTML

It is popularly named HTML or Hypertext Markup Language. It is essential for determining web page structuring. The blueprint tells the browser the display mechanism of the page, from words and images to widgets and videos. It is essential to code with HTML because the web or application will not have an interface without it.

3: ReactJS

It is an open-source front-end JavaScript library that helps to build user interfaces. ReactJS is very useful to full-stack developers, allowing them to reuse the UI components. The platform also enables you to create larger applications to change the data. So, reloading the page is not needed.

4: jQuery

jQuery is a javascript library that simplifies the actions like document traversing, HTML event handling, and animation for Ajax. Full-Stack developers often use jQuery to save time. The shortcuts it offers allow developers to focus on web development issues & challenging coding.

5: AJAX

It is a web programming concept. The platform helps web applications send and receive information. It functions in the background, retrieves information, and performs updates without disruption.

II. Back-end skills

1: Node.js

It is a platform that enables developers to run the javascript code before deploying it to the web browser. It is extensively used by Full-stack developers while building programs through Node.js.

2: Python

A popular programming language, Python is useful for building applications and websites, conducting data analysis, and automation. A full-stack developer must be fluent in Python, which is crucial for performing multiple tasks.

3: Ruby on Rails

A powerful programming language and framework, Ruby on Rails, helps to build online stores, social platforms, and software services. It is famous as an opinionated software that provides predictions boosting the developers’ productivity.

4: SQL

SQL is a programming language that helps organize and extract data into a sound data management system. The full-stack developers use SQL to create rules for storing, retrieving, and modifying the server data making it a beneficial skill.

5: Flask

It is a Python web framework that offers developers tools, technologies, and libraries for building web applications.

Some other Important Skills

1: Web Architecture

Web architecture involves understanding the data and code structure, file categorization, application logic, etc. Full-stack developers have substantial knowledge of website architecture. It helps to build the server-side systems which ultimately meet the client-side needs.

2: GitHub and Git

GitHub is a web-based interface, while Git is software to track changes in a set of files. GitHub allows multiple people to separate changes in the files at the same time. It also offers cloud storage and enables collaborations.

3: HTTP and REST

HTTP and REST are the two communication protocols. The Representational State Transfer (REST) is a translator between the front and back end. These are essential skills for full-stack developers.

4: Database storage

Web applications rely on the information stored in the back-end database. Full-stack developers need to have efficient database storage skills for seamless performance.

5: Design fundamentals

Full-stack developers have fundamental design skills, as they are responsible for building the back-end architecture and the construction of the user interfaces.

It’s a Wrap!

As you can see, the role of a full-stack developer takes work. Several skills are explored in the full-stack development course, which will get you higher salary packages. Hardcore technical knowledge is not compulsory. However, it helps boost job opportunities in full-stack development.

Know More: https://earlycareer.timespro.com/tech/course/fullstack/

[timespro6]

Prepare For A Banking Career Of The Future

The banking industry is undergoing major changes due to customer expectations and demands. Emerging technologies like Artificial Intelligence, Blockchain, Cybersecurity and mobile technologies have changed the face of banking. Banking assets in India stood at US$ 2.16 trillion, growing at a CAGR of 2.5% p.a. in FY 2021. The banking industry in India has more than 14 lakh employees.

One can pave a future in banking through the Yes Bank training program. The Yes bank training program allows participants to build their leadership skills, communication and strategic direction capabilities.

An insight into Yes Bank Training Program

The Yes Bank training programme is the brainchild of Times Pro. It offers a path for freshers who want a banking career. The training brings assured job opportunities within Yes Bank.

There is also an attractive salary of Rs 2.50 lakhs and a possible increment of Rs 50,000 upon completing the performance appraisal at the end of six months. The training period is 15 days. The training is based on online training by industry experts who collaborate with Times Professional.

Curriculum for the Yes Bank Training program

Here is the curriculum for the Yes Bank training program:-

Fundamentals of Banking: This module covers the principles and practices of modern banking. This part of the course offers an in-depth view of the banking industry in India.

Regulatory Environment: This section covers all the regulations which govern banking in India. Regulatory compliance in all aspects of banking is a must, and knowledge of regulatory requirements is useful for banking employees.

Risk and compliance: Banks act as middlemen between corporate and end consumers. The process of bank lending is full of risks. Analysis, evaluation and compliance with risk control parameters are a must when extending credit.

Generic banking products and services: Indian banks have evolved beyond deposit-taking and loan placements. They act as financial intermediaries and market various financial products and saving schemes to customers. A banking aspirant must be aware of the products and schemes in the marketplace.

Mandate specific products and services: Apart from the generic services, each bank may have specific services and products provided solely by that bank. These could be services for corporate or retail customers.

Etiquette and soft skills: This last module is a key component for all industries. It is more important for banking as it is a customer-facing industry. Banking employees interact with corporate and retail customers, as agents who are the face of the industry. It helps to be polished and have good English communication skills.

The Times Professional Yes Bank training program course for banking industry training has a track record of 95% placements among 13.5 thousand course participants so far.

Eligibility Criteria of the Participants for the Yes Bank Training Program

Eligibility Criteria of aspirants to the Yes Bank Training Program banking course

Age: You may be aged up to 27 years at the time of joining the course.

Percentage marks in 10th, and 12th standard and graduation: You must have secured a minimum score of 50% in all these levels.

Graduation stream: You may be a graduate of any academic stream. In case your marks in graduation are less than 45%, you must have scored 50% in a post-graduate degree. A maximum of one gap year is allowed between 10th standard and graduation.

All candidates who have completed Engineering or M.B.A courses are also eligible to apply.

Conclusion:

The banking sector is the largest sectoral index in the Indian stock exchanges. It is also one of the largest employers in India and a dynamic industry sector. The Times Professional course on banking can set your steps firmly on the rungs of a banking career.

Know More: https://earlycareer.timespro.com/course/short-term-yes-force-programme/

[timespro6]

Don’t Miss These 7 Key Finance Skills If You Are A Finance Graduate

Jobs in the financial sector can be quite promising, explaining why they are so in demand. Of course, getting a career in the banking and finance industry seems difficult. Many professionals have postgraduate degrees in business, math, economics, or statistics, and most occupations demand at least a four-year degree. However, apart from the aforementioned professional degrees, there are some finance skills that a person enthusiastic about a finance career must possess.

Demand for Finance Graduates

Career prospects for accounting and finance experts exist across many different industries. You’ll discover that these roles share some common roles and responsibilities, whether you’re applying to be a chief financial officer (CFO), financial analyst, financial planner, or investment counsellor.

Since certain roles in the banking sector allow you to spend time assisting people, it can be both monetarily and personally enjoyable. Like many other areas, this one requires hard work and dedication to succeed in, but the potential for success makes an effort worthwhile.<.p>

7 Key Finance Skills Every Finance Graduate Must Possess

Here, we’ll focus on some of the most valuable and significant financial skills. If you work on these skills, you will be able to land your dream finance job.

1.     Analytical Skills

For those working in finance, analytical thinking is an essential skill. It is examining and comprehending a situation to interpret it and come up with a wise and considerate answer. You would have to deal with a variety of issues as a finance expert, from interpersonal to technological. If problem-solving and analytical thinking is your strong suits, you may rapidly come up with clever solutions that would be very advantageous to the business, making you a valuable asset.

2.    Accounting

Accounting skills encompass the ability that enables you to efficiently and successfully track, document, and handle financial transactions. Since accounting skills are essential for carrying out financial analysis, financial reporting, data management, financial modelling, and a host of other related jobs, many employers anticipate that you will possess them.

You may most definitely increase your chances of landing a solid job as a finance professional by having a basic understanding of accounting skills. After gaining these finance abilities, you can concentrate on landing some of the lucrative positions in the sector, such as Chartered Accountant and Certified Public Accountant.

3.    Business Intellect

Finance experts are considered critical for businesses as they assist firms in making wise judgments. They contribute to forecasting future inventories, sales, and associated data to make wise and better-informed decisions. This is the reason why businesses favour employees who are adept at utilising enterprise resource planning software.

Further, you must be familiar with business analytics programmes like Tableau. You can communicate data-based insights to your coworkers, non-technical personnel, and senior management considerably more successfully if you are familiar with data visualisation tools.

4.   Finance Reporting

The next important finance skill is Financial Reporting. It is the process of informing stakeholders and higher management of financial outcomes and pertinent information. Financial reporting is an additional important talent if you want to advance in the finance industry, similar to the accounting skills we previously addressed.

To illustrate the financial situation of your organisation to the interested party, you would concentrate on developing financial statements, balance sheets, and income sheets.

5.    Finance Modelling

The process of reflecting on a real financial situation using abstract techniques is known as financial modelling. In financial modelling, you create a mathematical model that depicts the financial performance of an asset or a portfolio over a given period.

You can compare different firms or evaluate the value of one using financial models. They can be used for strategic planning to estimate project costs, choose a budget, or test various scenarios. Companies virtually always require financial modelling expertise from job applicants for senior-level positions.

6.   Financial Management

Finance management is yet another one of the most important financial skills that recruiters search for. Organizing, planning, managing, and controlling financial activities to obtain and use finances for an organisation is referred to as financial management. It focuses on integrating financial resources into general management principles.

You need this expertise if you want to advance in the banking industry. For a variety of positions, including investment banker, portfolio manager, financial advisor, etc., financial management is essential. You can make wiser financial and investment decisions with the aid of this ability.

7.    Cashflow Management

Poor cash flow management is said to be the cause of 82% of business failures. The process of evaluating, monitoring, and optimising a company’s cash revenues after deducting its cash outlays is known as cash flow management. Cash flow management, which keeps track of a company’s financial ins and outs, helps businesses manage their finances and concentrate on growth. An organisation may prevent financial loss and develop successful and long-lasting plans with effective cash flow management.

Therefore, for any aspiring or working finance professional, cash flow management is a necessary ability.

Conclusion

The financial sector is characterized by high entry restrictions, fierce competition among applicants, and high-stress levels. Nevertheless, these positions have many benefits, such as a demanding workplace, connection with smart and highly driven coworkers, chances for growth, and high income. Those who succeed in the financial industry tend to have a clear passion for what they do, even though many enter for monetary reasons. In whichever case, if survival is what you are looking for, then you must buckle up on the above-discussed finance skills. With these skills on your resume, you’ll have a higher chance of getting your dream job in the financial sector.

To know more: https://earlycareer.timespro.com/course/certificate-program-in-insurance-sales-service-management/

[timespro6]

Why Become An Insurance Sales & Service Manager In 2022?

Introduction

In the next decade, India will join the league of developed nations running on insurance. Despite its large population, India’s current insurance rate is 3.2. This figure is far below the global average of 6.2, meaning that India has yet to catch up. The Indian insurance market will grow and if you want to be part of this growth, pursue a career in insurance sales and service management.

What Is An Insurance Sales & Service Manager?

As an insurance sales manager, you will be responsible for determining sales targets, leading the sales team and designing marketing campaigns to increase sales. The role is holistic, with opportunities for professional growth and contributing to society. You will be able to give back to the community by providing the means to recovery to clients and helping them get back to a better lifestyle. The role also requires you to gain customer loyalty and retain clients. Insurance certificate courses, such as the PNB MetLife course, prepare you to become a successful insurance sales manager by acquiring the requisite technical skills and industry exposure.

5 Reasons To Become An Insurance Sales & Service Manager

1) Stable industry

As mentioned above, the insurance industry is yet to reach its peak in India and is, therefore, growing in a stable manner. The career promises a regular income and ample growth. An Insurance sales management career has a high return on investment (ROI). Once you sell a policy, it can extend up to 30 years. This means that once you get a good grip on your role and the skills required to do it successfully, you can reap long-term financial benefits. You are entitled to get earnings each time the insurance policy is renewed. There is a scope of additional income over and above your basic pay. Insurance certificate courses, such as the PNB Metlife course, outline every way you can establish yourself in the insurance industry.

2) Opportunity to grow

You can start as early as 18 in the insurance industry. The opportunities for growth are endless. All your hard work and consistency will be tested in the first few years. With the PNB Metlife course, your initial years will be more productive. After you have established yourself in your role as an insurance sales manager, doors to additional income will open to you. In these few years, you would also have built a strong network of clients who trust you. Insurance policies are dependent upon referrals. If your current clients are satisfied, then you can expect more clients through them. This way, you will keep growing in your career.

3) Job security

The insurance market is comparatively stable during financial volatilities. It has been stable for many years with only necessary structural changes. You can count on the fact that it will remain in demand because as long as consumer goods like houses, cars, businesses and medical care are being used, there will be damage and loss. In these times, insurance is a person’s best ally. As the demand is high, the supply is too. Hence, insurance companies offer high job security to their employees.

4) Flexible schedule

If you don’t believe in a 9 to 5 job, a career in insurance sales management is ideal for you. The role has a variety of work to take care of, including meeting new clients, developing marketing strategies and handling social media accounts. An insurance sales manager has to be dynamic and flexible. As a reward, you can take time off and maintain that work-life balance once your targets are achieved. Since you would be dealing directly with the clients, you can adjust meeting timings according to your plans and ace both your professional and personal life.

5) Service to the community

Providing insurance to people protects them from risks and vulnerability. It is a noble profession indeed. Along with the insurance, you also provide them security and the guarantee that no matter how bad the storm is, it’ll all be okay. There is a strong bond of trust between insurance sales professionals and clients. When you empathize with the client’s damages, it gives them strength. What better way of rebuilding your community than safeguarding its needs?

Before you can jump-start your career in insurance sales and service management, you need to learn these skills paramount to the role. You can also enrol in an insurance certificate course like the PNB Metlife course to catalyze your growth. Here is the skillset you will need as a manager:

Interpersonal skills.

Reliability.

Dynamism.

Product knowledge.

Persistence.

Conclusion

It is important to understand the pros and cons of a career before opting for it. Insurance certificate courses like the PNB Metlife course can surely help you excel in your career. There are many advantages to being a sales manager, but only you can decide if it is the right fit for you. There is no straightjacket formula to succeed in this field but unlimited opportunity and potential.

To know more: https://earlycareer.timespro.com/course/pnb-metlife-certificate-programme-in-insurance-sales-service-management/

[timespro6]

Things About Insurance You May Not Have Known

The word ‘insurance’ has such negative ideas attached to it that some people avoid getting it. But insurance is very beneficial and can save you a lot of stress down the road, especially when it comes to protecting your most valuable assets in life — your health and your home.

The insurance industry impacts people’s lives in many ways. Learning the management of insurance can help you make smart decisions that affect your financial future. Keep reading to learn interesting facts about insurance.

10 Things You Need to Know about Insurance

Insurance is a Secure Industry for Employment

Buying insurance is a must regardless of the economy, making it a stable industry to work in. The industry has grown steadily over the past few years. While it may be an uncertain time to look for a new job, working in insurance gives you a secure future because it will not vanish any time soon. In fact, we will need it more than ever.

TimesPro offers a 15-day online insurance certification via its Certificate Programme in Insurance Sales & Service Management. This course is an entry point for amateur job seekers who want to break into the field of insurance. This program includes benefits like healthcare, tracking promotion, higher earning potential, etc.

Life Insurance is Not Expensive

Life insurance may seem expensive, but buying a term policy is cheaper. It is less expensive than buying complete life insurance, as it provides only a limited period of coverage and does not accrue cash value.

Insurance Grows Your Retirement Fund

As an adult, one of the most tricky parts of life is finances. It is valid, as one never knows what lies ahead. Sudden events can lead you to lose most of your life savings.

A life insurance policy can ease your worries. When the plan matures, you will receive a hefty sum of money. You can use the money to secure your life after retirement.

Insurance Can Help You Get a Loan

A life insurance policy will come in handy when you have no assets to get a loan. A life insurance plan can be used as collateral against a loan. That is to say, your policy can provide you with financial flexibility by allowing you to borrow funds.

Insurance Can Get You Tax Benefits

With a life insurance policy, you also get tax benefits. If you let a life insurance plan build up to a sizable amount over the years, this can become an untaxed income. You can use this sum for anything like going on a pricey vacation or paying for your children’s education.

Health Does Not Matter for Life Insurance

People with existing health conditions often pay less for life insurance. However, this does not mean that you will be denied coverage if you have pre-existing conditions.

It is better to improve your health before applying for life insurance. But some health issues cannot be improved by exercise alone. If this is the case, do not assume that you will not get coverage because of a chronic condition.

Insurance is Invisible Money for Your Family

Life insurance is an invisible safety net for your friends and family. When you make a payment, you take care of everyone who matters to you. And this is done without ever putting cash on the table. That way, you will remain stress-free knowing that you and your family are financially prepared for life’s worst events.

Insurance Provides Support for Illness and Disability

Mostly, a life insurance plan only provides benefits when the policyholder passes away during the policy’s tenure. But some insurers offer an agreed-upon amount in the case of accidental and permanent disability or any critical illness.

Homeowner’s Insurance Covers Unexpected Damages

It is rare for natural disasters like flooding and earthquakes to be covered under homeowner’s insurance. But it does cover damage done by fire, hurricanes, etc. With insurance certification online, you will learn that the usual options are limited. It is wise to find a policy that covers natural disasters like flooding, earthquake, heavy rainfall, etc.

Health Insurance Premiums Increase

Your health insurance premium does not remain the same throughout your lifespan. With age, your premium increases. Also, your premiums are calculated according to your claim history. You can get an NCB discount for not making any claims during a policy year, or your premium might increase for making claims.To know more: https://earlycareer.timespro.com/course/fgi-certificate-program-in-insurance-sales-service-management/