Institute of Banking Personnel Selection,IBPS Exam, Recruitment & Result Details

Institute of Banking Personnel Selection,IBPS was established in 1975 after the nationalization of the banks in the country. The purpose of setting Institute of Banking Personnel Selection,IBPS was to set a fair and efficient system for recruiting personnel’s for banking industry. Currently IBPS is offering services to non-banking industries as well. The first chairman of Institute of Banking Personnel Selection IBPS was Dr. Man Mohan Singh.

Institute of Banking Personnel Selection,IBPS is an autonomous body and IBPS is registered as a public trust. IBPS is involved in whole range of recruitment, promotional and training activities. They have enhanced their infrastructure and with the experience of more than 25 years, they are very well place to play a crucial role in the employee testing field. IBPS or Institute of Banking Personnel Selection is involved in many activities related to the field.

Institute of Banking Personnel Selection,IBPS is recognized as a Scientific and Industrial Research Organization by the Government of India. They also provide research related services to their clients.  Research activities are carried out to achieve the following:

  • To improve and modify whenever necessary, the existing recruitment and selection processes of the institute,
  • To promote the development of theoretical perspectives in the domain of Psychometrics, Assessment and Selection, Banking and HR and General Management.  Research and development activities are also centered to handle the consultancy and providing solutions to issues pertaining to psychometric tools and manpower planning.
  • To provide advisory services to the policy making bodies in banking industry, academic institutions and government bodies.
  • To conduct seminars and workshops to keep pace with the latest developments in the field of selection science and psychometric analysis.

Institute of Banking Personnel Selection,IBPS is a recognized by the SNDT University as a center for Phd in management.  IBPS is also involved in providing consulting services for the following fields;

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Jeevan Kishore Plan Review

Jeevan Kishore is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grandparent. Jeevan Kishore is offered by India’s biggest life insurance company LIC.
Commencement of risk cover for Jeevan Kishore:
The risk commences either after 2 years from the date of commencement of policy or from the policy anniversary immediately following the completion of 7 years of age of child, whichever is later.

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ICICI Pru Guaranteed Savings Insurance Plan Review

ICICI Pru Guaranteed Savings Insurance Plan is a limited premium endowment and non-participating life insurance policy. These plans are basically aimed at creating corpus in long term without putting your money in speculative funds like stock market funds. ICICI Pru Guaranteed Savings Insurance Plan is a slow and steady kind of life insurance plan which helps investor in creating good amount of money over long term without involving too much risk on the principal.

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ICICI Pru Pinnacle Super Review

ICICI Pru Pinnacle Super is an innovative unit linked insurance plan. ICICI Pru Pinnacle super is a versatile unit linked plan that offers multiple fund options. This plan also offers you a choice of how many premiums you want to pay while allowing you to enjoy insurance protection for the policy term.

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ICICI Pru LifeLink Wealth SP

ICICI Pru LifeLink Wealth SP is a unit linked insurance policy from icici prudential insurance company. It is a single premium insurance policy which means that you will pay one time premium at the time of purchasing this policy. Like other ULIP policies, you will get investment along with life insurance cover.

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ICICI Pru LifeTime Premier

ICICI Pru Life Time Premier is a unit linked insurance plan from the icici prudential life insurance company which offers portfolio strategies for achieving long term investment objectives along with providing life insurance cover with the policy.

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Komal Jeevan

Komal Jeevan  is a Children’s Money Back Plan that offers financial protection against death during the term of plan with periodic payments on survival at specified durations. This plan can be purchased by any of the parent or grandparent for a child aged 0 to 10 years.

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LIC’s Jeevan Anand

LIC’s Jeevan Anand plan is a combination of Endowment Assurance and Whole Life plans. It provides financial protection in the event of death throughout the lifetime of the life assured with the provision of payment of a lump sum at the end of the selected term in case of his survival.

LIC’s Jeevan Anand is a with-profit plan and participates in the profits of the Corporation’s life insurance business. LIC’s Jeevan Anand policy gets a share of the profits in the form of bonuses. Simple Reversionary Bonuses are declared per thousand Sum Assured annually at the end of each financial year for Jeevan Anand .  Once declared, they form part of the guaranteed benefits of the plan. Bonuses will be added during the selected term or till death, if it occurs earlier. Final (Additional) Bonus may also be payable provided the policy has run for certain minimum period for LIC’s Jeevan Anand policy.

Benefits in case of death during the selected term for LIC’s Jeevan Anand policy:

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LIC’s Money Back with Profit

LIC’s Money Back with Profit policy provides periodic payments of partial survival benefits as follows during the term of the policy, of course so long as the policy holder is alive. In the case of a 20-year Money-Back Policy (Table 75), 20% of the sum assured becomes payable each after 5, 10, 15 years, and the balance of 40% plus the accrued bonus become payable at the 20th year.

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LIC’s Pension Plus

LIC’s Pension Plus is a unit linked deferred pension plan, which provides you a minimum guarantee on the gross premiums paid. The plan is without any life cover.

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