What is the best example for annuities? annuity examples Meaning of annuity:- Annuity means a single payment of premium by the annuitant and a promise that the insurer will pay a given amount periodically to the annuitant during his lifetime at a future date. Now we can consider it by comparison with life insurance. As…
What is the type of retirement plan?
What are the benefits of life insurance? Meaning of life Insurance:- Life insurance is a type of policy. Which involves an agreement between two or more parties as a promisor and a promisee. In which a life insurance company pays a certain amount as per the contract to the insured person in the event of…
What is the need of financial planning? Meaning:- Financial planning assesses the objectives, determined assets, resources, estimating future financial needs and making plans to achieve certain goals. Thus, there are many elements which are involved in financial planning. In other words:- Financial planning includes assets allocation, risk management, investing, taxation, life cover of employees, assets,…
Which tool is used for risk identification? Meaning of risk identification:- It means what kind of risks exist and what kind of risk anticipated. It involves a duration period of risk and possible outcomes of such risk. It is an integrative process. Which determines how much it affects the project. What documents will affect these…
What are the various modes of e-banking? Internet banking is the prime medium of financial institutions for transactions. At An earlier age, customers have to visit a bank to meet their financial needs. But now almost every bank provides such a facility as online banking. Through which customers can transact by personally without going to…
What is the risk of e-banking? Online banking is prevalent widely among the modern generation. Who liked the online banking services with enthusiasm. However there are some online risks which answer the question of “what is the risk of e-banking?”. Nowadays, the Internet plays a crucial role in the banking sector. Which makes a service…
Advantages and disadvantages of mutual funds Meaning of Mutual funds:- A mutual fund is a group of investors who purchase the portfolio of stocks and bonds through a fund manager. It is an instrument of investment, where we provide money to a fund institute and authorise them to invest and manage our money. But there…
What is the principle of sound lending? Every bank has to deal with risk while they lend their money to the lenders. Because they dealt such transactions through others\’ money. There are other bank operations. In which cash is needed to be ready with the bank. Because it is an obligation to return the money…