Tax benefits are eligible for tax exemption on fulfilling conditions mentioned under Section 10 of revenue tax act 1961. Tax exemptions are as per our understanding of regulation and as per prevailing provisions of revenue tax at 1961 . Policy holders are advised to consult tax expert for better clarification /interpretation.
This amount will assist your family members live the life you planned for them. Secure your loved ones even in your absence ICICI Pru Smart Life supplies you and your family all-round protection. Although the bonuses already attached to the policy will proceed, the sum assured will scale back and might be referred to as paid-up sum assured.
From the seventh year, it’s on the discretion of the insurer, however solely after getting it cleared from the regulator. In the third policy year, it is 30 per cent of the premium paid, between the fourth and the seventh year, it is 50 per cent of the premium paid. Typically, the nearer you’re to the maturity date of your policy, the higher will be the quantity you’ll get when you exit.
My traditional insurance plan is fantastic which has some very good options. Policy coverage is high and claims are easy sanctioned due to fast service facilitate by the members of the corporate. I am thankful to whole group and would love to advocate this to everyone. Although FY saw a unstable setting in business the insurance agents marked an incremental development in premium revenue for the year.
Because of this core difference, CPM and PERT are utilized in different contexts. These mathematical strategies rapidly spread into many personal enterprises. He is a thought chief in digital mobile marketing, omnichannel customer analytics, and social accountability with machine studying, synthetic intelligence, engineering models, and large information area experiments. Xueming has worked with leading international companies in cell communications, banking, retailing, health care, pharmaceutical, and petroleum industries. In the next 4 chapters, you’ll rapidly discover the most important statistics relating to “Private health insurance in the United States”. Enrollment in Medicaid is on the rise, which supplies health care to low-revenue citizens or lawful permanent residents.
We all know the world has been battling Coronavirus, the virus has modified our life completely. More than anything, we are getting ready ourselves to battle the battle with COVID-19 by washing hands, sanitising and what not. You may have seen a number of instances the place folks get seriously injured in an accident and ultimately succumb to their injuries. In any such state of affairs, it’s the family of the person who suffers probably the most. Not only have they got to deal with the sudden lack of their loved one, but they also have nobody to look up for emotional and financial support. Trade Logo “Aditya Birla Capital” displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED under the license.
Health insurance is a term generally used to describe any program that helps within the payment of medical expenses. There are a number of types of health insurance that exist in the United States; the principle types embrace varieties of private and public coverage. There are social welfare programs such as Medicaid in place in order to present help to people who are unable to afford health coverage. The world insurance trade has a significant position to play in supporting purchasers via occasions of crisis, and policyholders have inundated all insurance companies with inquiries and claims.
SBI Life eShield is a non-collaborating pure term plan which is out there for purchase via the corporate’s website. The online strategy of buy of SBI Life e-Shield is very easy and hassle-free. It is a non-linked, non-participating pure term insurance plan which provides excessive insurance coverage at a very affordable premium rate. This is a complete plan that provides tailored benefit to the policyholder and secures the family of the insured against any sort of eventuality.
Premium Income Of Lic Increases By 40%
Subsequent to the triple constraints, multiple constraints have been thought of to make sure project success. However, the triple or multiple constraints indicate only the efficiency measures of the project, that are certainly the project management success standards during the project lifecycle. A project manager is knowledgeable in the field of project management. Without the correct people in the proper place and on the right time a project cannot be profitable. Project managers can have the responsibility of the planning, execution, controlling, and closing of any project sometimes relating to the development industry, engineering, structure, computing, and telecommunications.
We thank our clients for his or her continued support and assure that our prospects remain our precedence. The financials outcomes presented to the exchanges reveal that ICICI Life Insurance Company registered a rise of 82.2% in VNB . This enhance, for 9M-FY2018, was in the tunes of Rs 7.67 billion, whereas VNB for 9M-FY2017 was Rs 4.21 billion.ICICI Prudential Life Insurance Company reported a year-on-year APE of 25.1%. The financial savings APE elevated in the tunes of 24.9% and protection APE registered a 32.2% development on year-on-year basis.
Language barriers and immigration guidelines also affect these teams greater than different ethnic teams. The most essential key figures give you a compact summary of the subject of “Global insurance industry” and take you straight to the corresponding statistics. Brokers play an important position in providing purchasers with impartial advice about the types of insurance obtainable, negotiating the best packages and providing the most appropriate plans.
If you enjoy strategizing and implementing plans meticulously, digital advertising could possibly be the proper business for you. You may contemplate turning into an affiliate marketer, which is another form of digital advertising. If you have a reliable vehicle and good time management skills, you may wish to think about creating your own courier service – more specifically, a medical courier service. As a driver, you’ll be liable for transporting medical objects like lab specimens, pharmaceuticals and tools. The healthcare trade is expanding, which is great for medical courier service job stability. You may start your courier business by yourself or hire different drivers to be just right for you.
You can find this money throughcrowdfunding platformsandinvestors. Small businesses that contain web site design, a subset of digital marketing, are usually amongst people who take advantage of sales and bring in essentially the most revenue. People now find out about companies on the web more usually than via different avenues, so finding shoppers and a steady revenue stream is not usually difficult. Cleaning companies and real estate businesses even have excessive success rates, which is sensible – all people need houses, they usually choose them clean. If you’ve different sources of income that require merely an internet connection and a laptop computer, pet sitting could also be an especially apt small business concept. Almost all pet house owners will be glad to let you do work in your laptop computer when you spend time at their home with their pets, meaning that you could run two income streams simultaneously.
Allows partial withdrawals after finishing 5 policy years to care for any intermediate financial needs. Lump Sum Assured payment to take care of any immediate liabilities on the family. ICICI Prudential Child Plans assist your child obtain guaranteed educational benefits and protect his desires and aspirations. Option to choose from out there annuity choices at retirement to receive common revenue. The minimum premium with which this plan may be started is Rs.forty five, 000 each year. The minimal premium with which this plan can be started is Rs.6 Lakhs per annum.
Tax Calculator 2021: What’s Your Take
If you don’t have superior data in any specific subject, you’ll be able to all the time contemplate instructing English as a foreign language online to college students overseas. You know you need to begin a business, however you are having a tough time articulating your concept. If you need to become an entrepreneur, it’s important to start out with a great business idea. Many of the best small business ideas for 2021 involve an online business model.
Gives the option to resolve the portfolio strategy by permitting an optimal allocation between debt and fairness. Provides the benefit of equity participation with the comfort of a capital guarantee. Choice of the 4 portfolio methods and an array of funds throughout equity, balanced and debt that suits the needs of the investment. The wealth boosters in direction of the tip of each 5-years initiating from the tenth policy year-end. For long run investors, there are rewards of Loyalty Additions and Wealth Booster. Provides 4 portfolio strategies to meet the requirements of the insured.
Many different fields of production engineering, design engineering, and heavy industrial have project managers. When changes are introduced to the project, the viability of the project has to be re-assessed. It is important not to lose sight of the preliminary objectives and targets of the tasks. When the adjustments accumulate, the forecasted result may not justify the unique proposed investment within the project. Successful project management identifies these parts, and tracks and displays progress, so as to stay inside time and price range frames already outlined at the graduation of the project.
Please refer your policy doc to know extra on how to go about reviving your policy. A. If you wish to pay the premiums via the agent, guarantee that you are drawing a cheque in the name of the company and likewise just be sure you receive the receipt from the insurance company. Therefore, you should make sure that your loved ones remain protected from such an occasion. While you have the insurance benefit to assist them survive, you may also present for an additional amount of money, over and above the term plan payout with the Accident Cover Option. The sum of premiums on your riders exceed the premium for base term plan.
Potential consumers ought to, due to this fact, perceive the target and dealing of a traditional life insurance policy nicely so that it runs its full course. However, the situation is different in the case of an investment-cum-insurance policy, i.e., a conventional life insurance policy. If you wish to discontinue your life insurance policy for any reason, you are able to do so, but at a value. Potential buyers should understand the objective and working of a conventional life insurance policy nicely so that it runs its full course. The lapsed, Paid- Up or Discontinued policy can be revived as per situations governing the product. You want to supply the insurer with proof of insurability and pay all of the excellent premiums and related expenses .
How Can A Lapsed Or Paid Up Or Discontinued Policy Be Revived
A. Yes, you’ll get the total refund if you’re cancelling the policy within the free look period. A. You should submit age proof, id proof, address proof, PAN card and earnings proof paperwork. The Life Insurance Corporation of India is a state-owned insurance group and investment company. It is the most important insurance company in India with an estimated asset worth of Rs 1,88,3018.eighty two crore. Life Insurance Corporation of India is the biggest insurance company in India and boasts of a very large customer base. With a declare settlement ratio of ninety eight.04% for the year , LIC presents a diverse range of insurance portfolio catering to numerous needs of its prospects.
Digital advertising services are always in demand, and plenty of small and midsize companies would quite outsource it than establish a pricey in-house group. If you have got chops in SEO, content material marketing, pay-per-click, net growth or social media management, you would have a business opportunity that allows you the liberty to work from home. PPM is usually carried out by a devoted group of managers organized within an Enterprise Project Management Office headed by a PMO director, often based mostly throughout the group. Thus, the place in charge of PPM can be designated because the chief project officer or the chief know-how officer.
Rideshare applications such as Uber and Lyft have enabled people to start out side hustles that pay properly and require little greater than a willingness to drive people to their locations and make occasional friendly conversation. Lawn care companies require little greater than some basic tools, a trailer and perhaps some employees, relying on how many shoppers you have and the way big the roles are. You can quickly develop a small garden care service into a full landscaping company by providing premium services and establishing a status as a model that does a radical job with a smile. If you want working outdoor and creating elegant landscapes, this could possibly be the business for you. Luckily, you don’t want a background in healthcare to assist seniors and develop a successful business at the same time, though those expertise are certain to be in demand as well.
The initiating processes decide the character and scope of the project. If this stage is not performed well, it’s unlikely that the project will be profitable in assembly the business’ needs. The key project controls needed listed here are an understanding of the business setting and ensuring that every one needed controls are incorporated into the project. Any deficiencies must be reported and a recommendation ought to be made to fix them. Applying the primary three of the 5 focusing steps of TOC, the system constraint for all tasks, in addition to the resources, are identified.
An insured can conveniently transfer his/her money between debt and fairness funds. Insured can pay the premium as soon as, for a restricted interval of 5, 6, 7, 8, or 10 years, or frequently. Provides tax benefits as per Section 80C of the Income Tax Act, 1961. Policyholders can check their policy status online to in increase cover or make another changes to their policy. Receive loyalty benefits for staying invested for a long run by way of Loyalty Additions and Wealth Boosters. This plan could be began with the minimal premium of Rs.2,400 every year, excluding the cesses and taxes, that are applicable.
Now, the Accident Cover Option is available for each death benefit variant chosen. Also, you possibly can enhance your critical illness coverage, during the policy tenure in order that your cover stays related to your age and market inflation. There are many payment choices like Debit card, credit card, internet banking etc. which are completely safe and offer you ease of paying the premium as you want.
Gives a selection to extend the life cover at essential milestones in life like marriage and child birth or adoption. Our strategic tax providers deliver substantial value, improved profitability, and higher cash move for many of the world’s most respected companies. Ryan delivers a wide array of tax technology and software program options designed to remodel the tax perform and enhance profitability. We function as an extension of your tax department to streamline operations, manage sources, get rid of guide processes, decrease overpayments, and substantially reduce danger. Ryan’s strategic advisory providers improve overall tax efficiency, helping purchasers achieve greater profitability, money flow, and shareholder worth. Last year alone, Ryan recovered greater than $2.5 billion in tax financial savings for our premier world shoppers.
As a consequence of the setback, insurers could have to seek help from the reinsurance sector. Disability, life insurance, FMLA and go away solutions, critical illness, and more. You can’t create a financial statement with out understanding the place your money goes every month now. Documenting it’ll allow you to see how much you want every month for requirements, how much might be left for saving and investing, and even the place you can in the reduction of a little . A financial statement is a document containing a person’s present money situation and long-term monetary objectives, as well as methods to realize these objectives. A financial statement could also be created independently or with the assistance of a certified financial planner.
This development would have helped you keep ahead of the inflation rate of about 7.7%# in the same period. A Rs 10-lakh life cover may be bought at round Rs 3,000 annually for 20 years, or Rs 2,500 for 14 years. If one does not wish to make it a paid-up policy and exit altogether, then the policy may be surrendered.
Avail Wealth Boosters – once every 5 years ranging from the top of the 10th policy year. Life Cycle based mostly Portfolio Strategy is a unique, personalised strategy based mostly on one’s age to create a perfect steadiness between fairness and debt. The capital or investment is protected from market downturns through an assured benefit. Secures the future of the family members of the insured even in his/her absence. Special premium rates obtainable especially for women and non-tobacco customers.
- Project administration software program is software used to help plan, organize, and handle useful resource swimming pools, develop resource estimates and implement plans.
- If you’re a natural wordsmith with a bit of marketing information, you’ll be able to set up your self as a freelance copywriter.
- Additional items are allocated every year at 2% of annual premium, ranging from the sixth policy year, provided regular premium has been paid.
- We will deduct proportionate risk premium for the period of canopy and expenses incurred by us on medical examination, if any and stamp responsibility charges while issuing your Policy in accordance to IRDAI Regulations, 2017.
- Accelerated Critical Illness Benefit is an elective benefit, the place Policyholder can avail protection towards forty two listed critical illness in the course of the ACI Cover Period, on payment of additional premium.
HERMES method, Swiss general project management technique, selected to be used in Luxembourg and worldwide organizations. The priori criteria leave out the more essential after-completion results of the project which comprise four ranges i.e. the output success, end result success and influence success in the course of the product lifecycle. These posterior success criteria point out the effectiveness measures of the project product, service or result, after the project completion and handover.
The execution/implementation section ensures that the project administration plan’s deliverables are executed accordingly. This part involves correct allocation, co-ordination and management of human assets and any other resources such as material and budgets. This can help to reduce the chance of a accomplished project being a failure by delivering agreed upon necessities i.e. project success but failing to ship the benefits of those necessities i.e. product success.
For more details on the plan benefits, please read the product brochure carefully before concluding the sale. You can enhance your insurance coverage through the Policy Term by adding following riders for a nominal further cost. Under this feature Policyholder will have an choice to reduce the chosen Sum Assured by 50% or 25% on attainment of Retirement Age as 60 years, 65 years, 70 years or 75 years chosen by the Policyholder at inception. On exercising this feature, Policy will continue with the decreased Sum Assured till the end of Policy Term. Under this option the Sum Assured will increase yearly during the Policy Term by 5% or 10% every year relying on the Sum Assured Escalation Rate selected by the Policyholder at inception. Under this selection, In the unfortunate event of the death of the Life Insured during the Policy Term, Nominee might be paid an absolute quantity, equal to Sum Assured on Death, in lump-sum.
For extra information on these actions, please review our latest press releases. We proceed to closely monitor the 2019 Novel Coronavirus (COVID-19) pandemic and our top precedence is the protection and service of our prospects, purchasers, staff and partners. We are encouraging everybody to observe the steerage supplied by local health authorities, theWorld Health Organizationand theU.S. Centers for Disease Control and Prevention.
As of January 2019, 51 percent of Americans had a positive opinion of it, whilst solely 40 percent had an unfavorable opinion of it. Many Americans have employer-sponsored health insurance, but the average annual deductibles for this kind of insurance is on the rise. This means that the quantity the employees should pay out of pocket earlier than the insurance plan begin to pay is increasing. Insurance presents financial protection to individuals and companies in opposition to numerous sorts of loss or damage. Providers evaluate the risks of insuring somebody or one thing and issue purchasers with a policy based mostly on their evaluation. The policy is a legal contract between the insurance provider and the policyholder.
GBM will forge strategic partnership with the world’s largest cell service suppliers in Asia, Europe, and beyond. GBM will nurture a global staff of researchers from Marketing, Information Systems, Strategy, Finance, Statistics, Economics, Computer Science, Psychology, Sociology, Physics, and related fields at leading global universities. GBM will also foster business outreach and generate influence by helping managers remedy cell-related problems and commercializing its patents to benefit companies and society. Living at UAH we promote a safe and fascinating environment with a spread of on-campus housing, dining options, and an emphasis on security and safety.
Home-primarily based companies tend to be probably the most convenient and manageable small business concepts. That stated, not all great business concepts are fitted to home workplaces, so ensure your corporation can be carried out from home – jobs with onsite wants and heavy in-person demands won’t be suitable. The first step in starting a business with no money is to keep your present job and launch your small business as, for now, a aspect pursuit. Then,develop your small business planand analyze your client base, market, and potential challenges. Near the ultimate stages of this planning, you may higher understand how much money you have to begin your corporation.
ICICI bank has about 2000 branches in its network including its 1,one hundred micro-workplaces. As on June 30, 2011 ICICI Prudential Life Insurance has a community of roughly 1,400 offices and over 1,75,0000 advisors. Their online products can be found by way of their web sites instantly. This plan provides safeguarding to the members who have loan liability on them. This plan may be began by minimal Life Insurance Coverage of Rs.1000. This scheme provides financial safety to the members who are availing the mortgage.
It has enhanced my plan and has helped me so much in several methods. Offers to maintain a tab on their coverage and financial savings by checking the ICICI Prudential life insurance policy status online. Provides flexibility to decide on premium payment mode, Sum Assured and policy term as per needs. One can also choose the premium payment term in case of restricted pay choice.
You have to hold your policy for no less than 3 years earlier than you can cancel it. You must fill a surrender form at any of the ICICI Life insurance branches, and submit your policy documents. The cancellation course of will take 30 days to complete and the give up value funds will be directly transferred to your bank account. The premium must be paid frequently all through the policy tenure. The plan presents financial safety for the family when the policyholder just isn’t there to help. The minimal life cover with which this plan can be began is Rs.5,000.
When I was shopping for the life insurance plan from the policybazaar I checked numerous quotes and plans into the website of the policybazaar. I am pleased that I bought the life insurance plan from icici prudential. ICICI Bank recently reported a web revenue of Rs. 3,018 crore for the third quarter of the FY’15-sixteen, which on the same time in FY’14-15 was registered Rs. 2,889 crore by the most important lender all through the personal sector. This net profit of the Q3 ended December thirty first last year includes a achieve of 4% stake in the life insurance section, which the corporate has already sold to Premji Invest. The company had extra offers too, together with 2% stake in the insurance enterprise with an investment car of the federal government of Singapore, namely Temasek and 9% stake within the general insurance with Fairfax Financial Holdings of Canada.
~The share saving computed is only in terms of premium paid over the term of the policy and doesn’t account for time & other elements which will occur during this era. It is likely one of the many variants that the product offers and you may opt for it based on your individual wants. The percentage financial savings is for Online Term Plan Plus- Life Option for 1 Crore life cover for a 28 year old healthy male for a policy term of 40 years with regular revenue pay out possibility.
Neither my earnings nor the revenue of another person in the respect of which I am assessable under the act within the excess of the maximum amount not chargeable to income tax in any previous year. You need to assess the one which fits your financial need appropriately and is cost efficient to you as properly. Protect your loved ones’s future by getting fixed month-to-month revenue for upto 20 years, on maturity of policy. Any change in basis of determination of rate of interest for revival could be accomplished only after prior approval of the Authority.
In case proposer when asked is not capable of prove the employement half, low cost provide will be discontinued and additional premium as applicable should be paid for processing of the case. Your occupation also plays an integral part in figuring out your term insurance premium quantity. Insurer categorizes some professions as high danger than others, such as defense, aviation, oil, and coal mining. On the opposite hand, individuals working in places of work with a desk job, IT professionals, store homeowners, and teachers are a low-risk asset. All these components and other decisions that you’ve got made in your life can significantly have an effect on the quantity of premium you need to pay.
A background in care and hospitality can go a long way to support housebound seniors who require in-home care. According to the National Institute on Aging, between 2010 and 2050,the 85-and-over inhabitants is projected to increase 351% globally, and the global variety of centenarians is projected to extend tenfold. Many will need care and assistance, oftentimes in their own houses. Freelance copywriting is a great business to run, because so long as you could have an internet connection, you possibly can work. It’s a business that you can function from the comfort of your individual home, and even from the street if you journey.
The return may vary, depending on the number of years one has paid the premium for. TB rates are applicable for policies maturing, surrendering or leading to death in the interval from 1st July 2020 to 30th June 2021. If you’re concerned about maximizing your revenue while minimizing your workload, a great small business to start may be any of those that the majority regularly show successful.
Life Insurance Corporation has reported a 40% month-on-month development in premium earnings within the second quarter of the year. The rise in revenue was because of the rise in sales of massive-ticket pension and term insurance policies. Smoking can enhance your probabilities of creating life-threatening illnesses corresponding to lung cancer or throat cancer. Insurance companies; subsequently, categorize people who smoke as excessive-risk and ask them to pay higher premiums. Your age is the most critical factor that determines your rate of premium. When you apply for term insurance, the rate of premium varies with your age.
A project manager is often a shopper representative and has to find out and implement the precise wants of the client, primarily based on information of the firm they are representing. Level 7 Project – develop, change, and enhance a number of value chains of a company with goal completion time from 20 to 50 years. Level 6 Project – develop, change, and improve an entire single value chain of an organization with targeted completion time from 10 to 20 years.
On maturity, the quantity, together with the bonus already added to the policy, shall be paid to the policyholder or the nominee. If the policyholder dies , then the upper of the paid-up sum assured or 105 per cent of the premium is paid to the nominees. In case you have not paid even 2 or 3 years’ premium and wish to discontinue, the insurer won’t pay you back something and won’t convert it right into a paid-up policy both. Nowadays, there are several policies where the premium paying term is lesser than the policy’s precise term. If the PPT is less than 10 years , the policy will purchase a give up worth if the premium has been paid for a minimum of two years.
The key benefit is that project performance is noticed and measured frequently to identify variances from the project management plan. Writing and creating paperwork could be boring but important of doing and rising your organization. Profit now, save precious time and efforts and browse or seek for the template that fits your needs. Get immediate entry to skilled free and premium forms, templates, and contracts online right now. Find documents for almost each kind of topic such as sales, contracting, HRM, Internet, start-ups, investment, marketing, real estate, law and consulting. It is becoming increasingly difficult for patrons to acquire their ideal insurance cover at an excellent price as a result of the industry continues to increase premiums.
The company has recently found the identical and in addition estimated that the actions have caused heavy losses to the insurance industry. To forestall the same from occurring in future, the insurers have put the involved medical centres on the ‘watch list’. Medical centres such as Bhagalpur, Begusarai, and Darbhanga in Bihar; and Moradabad and Meerut in Uttar Pradesh have been blacklisted by the insurers. Additionally, the adverse location list contains some extra centres, similar to Kurnool, Vishakhapatnam, and Guntur in Andhra Pradesh are within the unfavorable location list.
Insured can handle altering financial priorities and investment outlook with limitless free switches. Policyholders can Avail Wealth Boosters – as soon as every 5 years ranging from the end of the tenth policy year. Allows insured to obtain Loyalty Additions which scale back effective Fund Management Charge . Life Cycle based Portfolio Strategy – a singular, personalised technique to create a super stability between equity and debt based on one’s age. Ability to manage altering financial priorities and investment outlook with limitless free switches.
LIC Managing Director, Raj Kumar had additionally gone on to clarify that the insurance industry had lost round Rs.45,000 crore in the renewable premiums. The LIC policy status can be checked on the online portal as soon as the individual has registered their policy with the LIC online portal. It is important to register your policy data and even make premium payments. So, once you have registered, you possibly can examine the policy details and status by merely logging in with related details. If you wouldn’t have entry to the Internet, merely find the closest branch workplace and go to them, together with your policy number in hand and an ID proof. Typically, mortality rates are considered lower for youthful, more healthy individuals who don’t work in a excessive-danger job profile.
#PAN/Form 60 has been made mandatory no matter premium amount. Revival & Reinstatement of any policy incur a fixed cost, hence to compensate for that expense, INR 250 is charged. For adjustments in your personal or policy details, please fill in the applicable form and submit it at any HDFC Life department. Use the Branch Locator link out there under Quick Links to find nearest HDFC Life branch.
Please know the associated risks and the relevant costs, from your Insurance agent or the Intermediary or policy document issued by the Insurance company. ∞This is simply a provisional certificate and does not talk acceptance or commencement of danger under proposal submitted by you. This doc may be used as a proof for claiming deductions whereas submitting your tax returns topic to provisions of relevant tax sections and acceptance of danger, i.e. on policy issuance by the company. For any affirmation / impact analysis customer is advised to refer the matter to his Tax advisor. Unlike traditional products, Unit Linked insurance products are subject to market danger, which have an effect on the Net Asset Values & the client shall be liable for his/her determination.