GCERT STD-4 TO 8 SEM-2 STANDARD:8 SUB:- SOCIAL SCIENCE Punah EkaM kaSOTi (Re-Unit Test) dATE:-14-03-2020
SBI Life Insurance is the product of the amalgamation between two banking and insurance giants - the State Bank of India (SBI) and the BNP Paribas Cardif. While SBI owns 70.1% stake at the company, the life and property insurance branch of BNP Paribas Group that is BNP Paribas Cardif owns 26%. Founded in 2001 as a bancassurance company, SBI Life Insurance banks on its 18,000 strong network of branches, 80,000 door-to-door insurance advisors and access to 100 million accounts as leverage for furthering their goal.
Why Choose SBI Life Insurance?
SBI Life Insurance has 16 glorious years of providing great service to its customer base. Over the years SBI Life have come up with various insurance plans and products for the benefit of their customers. They are constantly reinventing themselves providing the latest technology and tool to the policyholders to make insurance-buying a simpler process.
Some of the reasons that make SBI Life Insurance an obvious choice are:
SBI Life has the backing by State Bank of India, plus 5 banks associated with the State Bank Group.
It was the 2016 winner of ‘Life Insurance Company of the Year’ at last year’s Indian Insurance Award.
It was also the winner of ‘Bancassurance Leader Life Insurance (Large Category) at the same award ceremony.
SBI Life Insurance offers a wide range of financial services and insurance products.
It has a number of easy and simple online premium payment solutions.
SBI Life Insurance arranges for home visits by Insurance Advisors on request.
Different Types of Plans Available with SBI Life Insurance?
SBI Life offers a wide range of insurance products to satisfy all their customer’s requirements. These plans can be sorted into different categories such as Protection Plans, ULIP Plans, Savings Plans, Retirement Plans, Child Plans, Group Plans and Online Plans.
However, some plans come under two different categories given that they suit the requirement of both type of plans. The following table shows which plans falls under which category:
Types of Mutual Funds
Mutual funds types are broadly classified on the basis of - investment objective, structure, and nature of the schemes. When classified according to the investment objective, mutual funds can be of 7 types - equity or growth funds, fixed income funds or debt funds, tax-saving funds, money market or liquid funds, balanced funds, gilt funds, and exchange-traded funds (ETFs).
Based on the structure, mutual funds can be of 2 types - close-ended and open-ended schemes. When mutual funds are classified on the basis of nature, they can be of 3 types - equity, debt, and balance. There is an overlap in the classification of some schemes like equity growth funds which can fall under the classification based on investment objective as well as classification based on nature.
We have explained some of the types of mutual funds, below:
Growth or Equity Schemes - These funds invest in equity shares and the investment objective is capital gains over medium or long-term. They are associated with high risks as they are linked to the highly volatile stock markets but over the long term, they offer good returns. Hence, investors having a high appetite for risk find these schemes to be an ideal investment option. Growth funds can further be classified into the diversified, sector, and index funds.
The Final Result of the Combined Competitive Examination (Main) for the recruitment o the posts of Deputy Section Officer (State Secretariat), Deputy Section Officer (Gujarat
Public Service Commission), Deputy Section Officer (Vidhansabha) and Deputy
Mamlatdar (Revenue Department), Class-III (Advertisement No. 55/2018-19) for which
the written-descriptive examination was held on 19-May-2019 and 26-May-2019 was
declared vide Notification annexed with Annexure-I (Part-I and Part-II) dt.13.09.2019.
The following candidates are declared successful in the result of Deputy Section Officer (Sachivalay), Deputy Section Officer (Vidhansabha), Deputy Section Officer (G.P.S.C.) and Deputy Mamlatdar (Revenue Department), Class-III, Advt. No. 55/2018-19, Main Examination held on 19th and 26th May 2019