Banking, Finance & Insurance

Insurance has numerous benefits for the policy holder. Some of the major benefits of insurance include the following:Financial Security During Medical Emergencies: Although an individual may have enough savings, medical treatments for his/her family may go beyond the available financial assets. Medical bills for surgeries, heart attacks, and cancer are extremely expensive and can put a major dent in the bank statements. Insurance helps in covering such losses and prepares the insured financially for the future. Secures Businesses: Business owners need coverage for liability claims and property damage. Otherwise, their companies may not be able to function after covering for a loss. This applies to all businesses - small, medium and large. In general, small business owners have greater risks when they do not have an insurance plan. Any damage to his/her company without it must be paid for, from his/her expenses. Income Tax Benefits: Purchasing insurance can reduce the income tax payable. Section 80C of the Income Tax Act maintains that Section 80C: The premium amount one pays for life insurance gets a deduction of up to INR 1.5 Lacs from the taxable income.Section 80D: The premium paid for health insurance policies is tax-deductible under Section 80D of the Income Tax Act 1961.Section 10 (10D): Life insurance benefits that the policyholder or the nominee receives are tax-exempted under this section.You can claim the tax benefits while filing the ITR.Learn about types of tax assessment in Income Tax

Masters of Science (popularly known as MSc) is a postgraduate academic degree through which the students are given an in-depth knowledge of a particular field of study in the domain of Science and Technology associated fields. Students can also check the list of reasons below to pursue MSc course from Jindal School of Banking and Finance:Specialized Knowledge: An MSc degree typically offers in-depth and specialised knowledge in a specific field. Career Advancement: An MSc degree can open up new career opportunities and pathways. Research and Innovation: If candidates are interested in research and contributing to the advancement of knowledge in your field, an MSc degree can provide you with the opportunity to conduct original research, publish papers, and contribute to innovative solutions.Higher Earning Potential: In many industries, having an MSc degree can lead to higher earning potential compared to having only a bachelor's degree. 

BCom full form is Bachelor of Commerce. The BCom course is a 3-year UG degree that teaches students the basics of Commerce, Finance, and Business. Students can check the list of career options available after completing BCom from Jindal School of Banking and Finance:Job Profiles Average SalaryAccountantsAccountants meticulously navigate financial landscapes, decoding numbers to unveil insights and ensure fiscal integrity.INR 2 LPAAccount ExecutivesAccount executives make dynamic relationships, bridging the gap between client's needs and the offerings of their companies through persuasive communication and strategic problem-solving.INR 2.5 LPABusiness ExecutivesBusiness executives orchestrate the harmonious symphony of strategy, innovation, and leadership to propel their organizations forward amidst the ever-evolving currents of the corporate world.INR 3 LPA