Accountancy & Financial matters Management blogs

As Secretary-General with Chamber of  Commerce and Industry , on a daily basis, I am receiving phone calls and meeting many peoples from different backgrounds according to their skills and expertise in different industries. Federal and Provincial Governments announced their budget and the present slowdown economy affected the National GDP and economy very badly. According to the publicly announced budget and data from the Planning Commission of Pakistan and the Ministry of Commerce the reported growth rate in the industrial manufacturing sector 0.3. That is too much panic and the mentioned statistics badly affected the national growth. The impact on the services sector is too much high and almost many people, ex-colleagues, friends and family members in social circle lost their jobs or in some cases, they were not paid by their employer since last two months in many cases employer deducted the huge portion from the percentage of their salaries. We all are observing the sa...

Terminologies of Insurance:             There are many terminologies and jargons normally used by the agents, brokers and bankers which are very helpful to understand the insurance policies and the operations related to them. These terminologies helps us to understand the whole processes.             Insurance : That protect us from the uncertainties of life events. It protect us and our families form the harms of these events which badly damage our life through uncertain events.             Insurer : Insurer are the companies which offer their insurance policies and people purchase their policies.              Insured : Insured is the policy holder in who’s name the policy is purchased is called the           ...

Possible Mistakes in Buying an Insurance Plan or Policy:                 InsurancePolicy or Plan selection and buying is a difficult policy and many people make mistakes in buying of it. Many People take many advantages through it and they are the role models to their communities. Because they are enjoying the financialfreedom and many more benefits from it. But there are many points which we need to know and avoid the most common and possible mistakes during the buying of insurance plan or policy. The most possible mistakes which a common buyer face are as follows: 1.        Every buyer need to identify his life future goals objective and to understands his future life strategic plan. Because mostly buyer not know that Why they are buying the policy? What are their motives?   and What they want Investment or Protection or both? 2.   ...

An Option: To Boost Up Your Monthly Income:                 Mostly form us working 9AM to 5PM and achieving a limited monthly income form their business organization. There are many sources of earning extra but working part time as Insurance agent is a good opportunity to earn more and as an option to consider to rise your monthly income. Selling the life insurance i s a very respectable work a person can learn from it many thinks he/she can learn the time value of money and marketing skills and can enhance his/her communication and interpersonal and presentation skills and abilities through policy selling or working as insurance policy selling agent. According to the blog and statistics on the same topic which is published in India Today on 05-09-2017 and later on published on MSN-India Page helps us in this regards and provide us the opportunity to read more about the same topic to rise our m...