Concept of Health Insurance

Definition of Health Insurance

Medical expenses can be catastrophic. The perils insured against in health insurance are the method costs associated with illness and injury and the loss of income. Specific medical costs include the costs of hospital room, surgical procedures, miscellaneous expense (e.g. lab tests, X - rays), non surgical care, and long term care. These expenses can be paid through hospital surgical expenses policies, major medical insurance and long term care insurance.

A large share of private health insurance is provided by life insurance companies. Health insurance consists of three basic types of coverage medical expenses, loss of income, and dental. Medical Insurance  includes medical, hospital and surgical expenses. Loss of income insurance includes accidental death, disability and dismemberment coverage. Dental coverage includes regular check-ups and oral surgery !!!!!

Concept of Life Insurance Companies

Life Insurance Policies

Universal Life Insurance
This is a type of policy that was introduced in 1979 and has gained tremendous popularity over the years. In essence, it is a very flexible type of policy that allows the insured to pay in excess of the pure premium each year. The excess fund can them be used to invest in money market in instruments or other investments that the policy holder chooses. This means that the insurance company does not guarantee a fixed rate of return on the funds. Rather, the policyholders, bear interest rate risk and default risk on the investments,

This type of policy is so flexible that the policyholder may choose not to pay a premium on any given year. In that case, the insurance company simply takes the premium payment from the policyholder's investment funds. Not only is the premium payment flexible with universal life policies, but the amount of death benefits can also be changed at the policyholder's option. In addition, the policyholder can withdraw money from the accumulated investment funds.

Annuities 
An annuity is a finite series of equal payments that occur at periodic intervals. Insurance companies also offer annuities, and there are several variations on to the annuity theme. The most important are fixed period annuities and life annuities.

Fixed period Annuities
In fixed, period annuities, the equal payments occur over a fixed period of time, usually ten years. With this annuity, the insurance company continues to pay benefits to the annuitant's heirs in case death occurs prior to the annuity's expiration. Because of this, there is no risk of losing benefits because of early death.

The fair premium under the fixed period annuity can be calculate by using following equation

         R  =    C X PVIFA _r,n         

                PVIFA _r,M X (1+r)^t

Where,

     R   = The fair permium

     C   = Amount of annuity payment

     n    = Number of annuity payment

     T   = Starting years

     M  = Number of payments in year

     r    = Annual cost of money

Life Annuities
This type of annuity paid equal periodic amounts until the annuitants dies. Sine life annuities pay benefits until the annuitant dies, they contain an element of randomness, so their pricing relies on actuarial methods based on mortality tables. !!!!!

Concept of Life Insurance Companies

Definition of Life Insurance Companies

Life Insurance companies are financial intermediaries by virtue of their collecting and investing large amounts of premiums. They offer protection to the investors, provide means for accumulating savings, and channelize fund to governmentm and other sectors of the economy. Generally, they are contractual saving agencies which receive, mostly without fail, steady inflow of funds in the form of premiums. The liabilities of insurance company is long term, for may life policies are held for 20 or 30 years. It indicates that liquidity is not a problems for such contractual saving companies like insurance company, and hence their major activity is in the field of long-term investments. 

Life Insurance policies

Term insurance policy

Term insurance policy is pure life insurance,. This policy is issued for a short period such as from 3 months to 7 years. If the insured dies while the policy is intact, the beneficiary of the policy recieves the death benefits. If the insured does not die within the period, the policy is invalid and has no value. There is no cash value or investment value for a term insurance policy. In addition, the policyholder cannot borrow against the policy. Only protection element in this policy.

The fair premium on term of life insurance policies calculated by using the following equation:

Fair premium (R) = L X P_a

                                 1 + r

Where,

       L    = Policy amount

       P_a   = Probability of dying over the next year

       r     = Annual cost of money

Whole life insurance policy

This policy is also called cash-value or permanent or straight or ordinary or investment life insurance. It is the oldest and most traditional form of insurance. It is issued for the whole life of person, The premiums are payable only once or throughout the life of the assured or for certain period of time, Assured amount becomes payable only on the death of the policy holders to his/her nominee or assignee. The whole life insurance policy requires larger annual premiums than the ordinary whole life policies. 

The present value of benefits on whole life policies is calculated by using following equation:

                         100 - a

PV benefits = L X ∑ m_t  (1+r) ^–t

                                    t = 1

Where,

       L  = Amount of each policy

       a   = Age of policyholders

      m_t  = Mortality rate

       r   = Cost of money

For constant mortality rate, the following equation can be used to calculated the present value of benefits.

PV benefits = L X M_t X PVIFA _r,n

Where,

   PVIFA _{r,n    =  Present value insert factor annuity at r percent annual cost of money for n years}

       L             = Amount of each policy

       m_t            = Mortality rate

       n             = Numbers of year

        r             = Cost of money

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Types of Insurance

Types of Insurance Companies

Insurance companies comes in two major varieties, according to their ownership: stock and mutual. A stock insurance company in very similar to other corporations. For example, its main goal is to maximize the value of its stock, and it is controlled by the stockholders, By contrast, a mutual insurance company is owned by its policyholders and is a non-profit organization. In practice, however, the management of a mutual Insurance company makes most of the decisions with little or no opposition from its policy holders/owners.

Mutual have certain advantages because the policyholders are also owners and conflict between policy holders and owners are reduced.

Management of mutual tends to be conservative. As a result, policies are more secure. The main disadvantages of a mutual is the difficult of monitoring management.

Insurance companies can be classifying according to types of policies they sell. The two major types of are life and non-life or property/liability (P/L) insurance companies.

• Life  insurance companies
• Health insurance companies
• Property and liability insurance company

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Benefit to Society by Insurance

How Insurance Companies Benefit Society ?

Insurance companies benefit society by accepting certain risks that individuals are not willing to bear. In most of the cases, the risk transferred cannot be easily diversified by the individual. For example, many people buy life insurance to protect the livelihood of their families in case they die unexpectedly.

People transfer the financial risk associated with dying to insurance companies; they also transfer other non-deversifiable risks. Among the most important are the risk of a major health problem and the risk of fire or flood in the home. But why are insurance companies willing to take other people's risks in exchange of small premiums? The answer is the concepts of the portfolio or they pooling many different and unrelated policies, insurance companies are able to generate profits while retaining their overall risk at very reasonable levels.

Insurance benefits society in the several important ways. First, it reduces fear and worry because if a loss occurs, the insurer provides a payment to mitigate the loss. Insurance also provides and incentive for loss control because insurance premiums are determined by the chance of loss, and loss control reduces the chance of loss. Insurance helps facilitate credit by protecting collateral pledged to secure loans. This benefits is especially important in commerce because it helps facilitate the shipment of raw materials and finished goods. Finally, the insurance industry plays an important role in capital formation. Insurance companies collect small amounts money from man insurance purchasers. They pool these funds and then make large blocks of funds available in the capital markets !!!!!

Concept of Insurance

Definition of concept of Insurance

Individuals and businesses face risk,which is uncertainly concerning the occurrence of loss. Risk takes many form including the risk of premature death or poor health, the risk of damage to property, the risk of legal liability, and  the risk of individual outliving their accumulated assets. Certain risks can simply be avoided. Other risks, however, must be effectively managed. Methods of dealing with these risk include retention, loss control and risk transfer.

The foundation for insurance business if Law of large numbers. This principal states that a risk that is not predictable for one person can be forecast accurately for a sufficiently large group of people with similar characteristics. No insurance company can accurately forecast when any person will die, but its actuarial estimates of the total number of policyholders who will die in any given year are usually quite accurate.

Insurance companies are financial intermediaries because: they collect and invest large amount of premiums; they provide means for accumulating saving and channelize these funds to various sectors; they even provide loans to the policyholders, they are non-banking financial institutions, because they are not directly involved in banking activities like deposits or other financial services. Insurance company are also the part of financial intermediaries, hence the study of their functions are playing significant role in the financial market. They are considered as the contractual saving institution due to their nature. Apart form handling risks of different markets, they are also the time bound financial contractor. They execute various financial functions that influence financial market of any country, Therefore, the regulatory authority always regulates their fund.

The insurance industry has enjoyed that most enviable records of long term growth of any of the financial institutions, Insurance is a key instruments in the industrial development, social development and moreover for economic growth!!!!!

Bridge of life

Can our education be a better bridge for our future life?

It will be lot easier to cross the river if there is a bridge. There will be no hustling while crossing. It's same way in our life to get better future is there any such kind of bridge which can help us to get secure future life. In this topic, I am going to talk about how our education can be bridge for our future life.

There will be no person, who can say that I have not seen the bridge in my world life. There are lots kind of bridge which helps our life to make easier in our daily life. Suppose that if there was no any bridge in world, what will be our situation? I'm sure that you can't even imagine that because we are using bridge in our daily life in some manners. So, there are lots of bridge which helps us to cross easier our hardest way in certain matter of time without risk. But did you know how hard is it too build a single bridge. Somewhere it's take a lot of years hard work, big sum of money, lots of resources and studies too build a single pool.

In a same way, if we spend our some time of our life in education can it be better bridge for your future life. Obviously it will be the best bridge for our future. But it can't be build up one days. It's need a lot of hard works, studies are needed to get better education. How much we spends our life in studies in a same way we gets return in future ahead. We see the lots of doctors, engineer, accountant, banker, industrialist, etc they spends lots of time to get better education and be capable for that post. We can see the same answer or result in given example. How hard we need to studies and utilize our resources to build a perfect bridge. How hard we work result will be better bridge with long time duration. As same as how hard we try to get better education we will get better future life ahead for long times.

So, we have too managed our studies time to get better education. We will get same results in future ahead may be can't be a doctor or engineer but we can get good jobs or we can do our own business with better idea. That's why education can be a better bridge for our future life!!!!!

Education

What kind of education we actually needed for your future ?

Every parents' think what can I do better for my family and children in present and future. They always plan to do better than past moment. In this thinking they have a thought of education for their children too. Because with better education they more have a secure life ahead. As same when some students finish his/her higher education. They got confused to choose better course for their education, because they have to stand forward in future with better education. In this race, there is always a question which will be best course of education to their better future. What, Which, How these kind of question goes around them always about choosing better education.

About need of education, we get lots of article with their own point of view but every article motto is Education is better of life. In our country there is one motto in every school, college, university and institute that Education is light of our life. But in there career race, most of them leaves behind their education. In my point of view about what type or kind of education we should take for our future is it depends on yourself. Not to your family, cousins, friends or college. It is choosing by your self. We should choose education as our skills and career. If we choose it by these factors there will be no fault in ahead!!!

Pros and Cons of Insurnace

What are the pros and Cons of Insurance ?

 In this world there is nothing which doesn't have pros and cons. If you tried to check out anythings which have only pros in yourself you might waste your whole life time. Every action has it reaction. Form our childhood we learn the Newton's law. And one of them is above. Every action has it reactions.  In this world we can never say that always we will have a good things. Sometimes you might heard that A high value, perfect business gown down in market, or you might heard natural disaster which make a loss of hundreds of life and properties, or you might heard that car accident, plane accident or even a new kind of diseases killing a lot of people. In this world, we are not sure what will happen to us in the future. But still we do our best to keep your future better or in right hand.

Talking about pros of Insurance, If we get insurance there are lots of benefit. We can get different types of insurance form the market, there is always a different types of Insurance and we can get them as our wish and capable. Like; Life Insurance, Health Insurance, Business Insurance, etc. We can get a insurance for anythings as our need or plan for better secure which gives us proper return over if any kinds of occur in the future. If we have insurance we can feel secure sometimes we might loss our beloved car. And we might have not proper fund to get a new one and also can't found lost one. In these kind of situation Insurance will helped us to get a new one, but we might get insurance before the car loss. This is a only simple example, in human life we can't predict what will happen so it is better to get insurance as our need and capability.

But still it depends on which kind of Insurance we choose. Because in every time we might get not reimbursement from Insurance, it have a lots of rules which we need to flow. In the case of hospital emergency, we can't able to follow every steps in those times if insurance can't help us to make easier approach then why should we paid our premium. Even if I get the life insurance and can't use in my life and they paid me after my death is also no use for me. If we get late in paying a premium they cancelled our all insurance. Is that good things ? Because sometimes we might get trouble and can't paid premium in time. In those time they call as their debtors. These kind of stuff shows the bad side of Insurance not only that if there is little different part than our agreements when accident occurs they might not reimburse us.

Whatever, getting Insurance is a good thing because it helps us to feel secure in future. Lots of Insurance company have different schemes which might helps for our selves and our children in future. But before getting insurance you must get perfect idea what kind of Insurance you need for better future !!!!!

Importance of Insurance

Why is Insurance Importance to our life ?

We don't know what will happen to us in the future. No body can predict that what they will be doing in future or what position they will be? We can be the top or in bottom in future. So, nobody can exactly say that what will happen. In future, if we are doing the business we might get loss or profit or we might get sick or death, or any natural disaster can take place and lets us to face a huge problem and loss risk of our property. In this scenario Insurance plays the vital role in any type of accident, health problems and death too. But still we cannot make a price for a person death.

Insurance is a such things where we can plan for our better secure life in loss of any things. For example Health Insurance, in future we can't predict what type of health problem we haves and there is also not sure the we have enough money to get operate. That's why if we have insurance we can check and get proper treatment by our Insurance. For that we need to plan the better Health Insurance scheme for ourselves. Otherwise having a health insurance might lead to disaster.

Like above examples lots of things can happen in our life or business getting proper insurance scheme is right a choice for better and secure future. Because there is not a such things who could tell us what will happen to us in the future. That's why most of Insurance slogans are For better future get a perfect Insurance. In this world  it is hard to know what might happen to us, because lots of natural disaster, health problems, loss on business are happening. So, in the regards of these problem we should take precaution for these problems.

In serious time, like a death, if we received some money from decease person it will be easier to decease family to operate daily routine. Sometimes, death takes away the main person who feeds their family. It looks not so good talk like these but still every times insurance helps in those kind of situation. These insurance money can be a something to plan ahead for their future!!!!!

Insurance Market and Risk

What are the Insurance Markets and Risk Trends in this age ?

Risk area to watch
Cat exposed that the property risks including flood zone exposures. Certain segments like; workers' compensation, excess market including lead umbrella in the pharmaceutical, transportation and energy sectors. And also the cyber liability and network security coverage in potential for more restrictive terms and condition following recent losses.  Specialty areas including Energy, Marine and Aviation.

Terrorism insurance options
Insurance company should consider for alternative solutions for terrorism coverage. Like; standalone terrorism placements, Reservation of Capacity, Sunset provision discussion and Captive insurer strategies. Such alternative may be appropriate even if is extended. For example, standalone policies; May provide alternative and supplement to coverage, May provide immediate coverage in the absence of the federal backstop program, Can be reserved for either a short-term or for a full-term renewal or Provide risk professionals with the ability to lock in capacity and pricing now.

Flood Risk
Still no universally accepted modeling approach for flood. Most carriers: Monitor portfolio locations and try to mange by limiting the amount of sub-limit provided. New flood maps being proposed but are not yet played in real market, The Bigger-Waters Flood Insurance Reform Act: Requires the Federal Management  Agency (FEMA) to adjust the way it manages the National Flood Insurance Program, may it contains significant program reforms, Aims to eliminate subsidies and discounts on flood insurance premiums, Means that many organization will face NFIP premium rate increases as a result, Has come under intense fire from critics.

Causality: Umbrella and Excess
Umbrella Market covers overall capacity increased and, rates generally stabilized throughout the year and trend expected to continue into future. Excess market can new insurers entered the marketplace form the different countries, it should likely help to keep excess casualty rate relatively stable. Exceptions may exist in some areas: energy, chemical, life sciences and construction areas!!!!!

Trend of Global Insurance Market

What are the trend of Global Insurance Market ?

Insurance Industry is a very  major component of the economy by the virtue amount of premiums collected by yearly, how large the scale of its investments and more fundamentally , plays the most essential or importance role played by covering personal and business risks thoroughly by social or economic.

Since the early  of 1980, a number of agency has collecting and analyzing data of insurance in various countries, such as the number of companies and their employees, insurance premiums and their investments by the insurance company. A launching of the Global Insurance Statistics project in 2008 extended the globally approaching in the database and expanding their insurance framework to include the collection of key balance sheets and income statements items for any kind of direct insurance and reinsurance sectors.

The analysis in Global Insurance Market Trends served to monitor the insurance industry's overall performance and their strength, it is published for as a complement to the insurance statistics database !!!!!

Global Insurance

What is actually Global Insurance Outlook ?

Finally the global insurance industry are raising form their problems like them combination of financial turmoil and economic uncertainty which was challenged in international level of property casualty and life annuity insurance companies. Whatever it remains in premature state because of the difficulties times are behind the industry and aging populations in enticing areas like product expansion and revenue growth. The industry where quite appears at the threshold of much better times ahead in future.

Nevertheless, must furious and complex challenges lay ahead, among them one of the challenges is the abstractedly low interest rate environment. It is not about how low may rates go, but how low they may remain is a dark side. And also another challenges is international and national regulations spawned by the financial crisis. These kind of enhanced regulations create significant compliance and governance burdens to insurers, adding these burdens is the implementation timing of varied laws, which remain uncertain.

And technology also empowered the today's customers because of they can both researching and buying insurance over the internet. Many insurance company still facing the problems to digital presence of their and guiding superior sales and market segmentation strategies, claims and other systems. That's why insurer should develop their strategies in investing in technologies to address the enhanced services to customers and develop a strategy to improve more customer targeting, production design and agency management.

Certainly, by given concept it might raise slim profit  margins, but insurers must need to continuing to identify their opportunity from top to bottom line growth. In this regard, capable or successful insurer will develop a customer focused culture on the distinctive needs and expectations of buyers. There might be remain many chances to insurer to gain a competitive advantages and thrive !!!!!

Primary Education Must Mean Primary Completion

Why Universal Primary Education must mean to Universal Primary Completion ?

Till date, all education institution are focused heavily on getting children enrolled in school rather that improving or completion rates. This is a kind of problematic for several reasons.

First, a growing body research shows that completion of at least 5 to 6 years of schooling is a critical threshold for sustainable mastery of basic competencies, such as literacy and basic numeracy. All children enrolled in primary school and ensuring that all children complete the 5-6 years primary schooling are substantial difference than other children. Its impact on their lifelong literacy rather than others.

Second, schooling enrollment ratios, are poorly co-related with the rate of primary school completion. In every developing country, the horizontal line of an average enrollment shows the underlying reality of a curve shaped schooling profile in which many more children begin school than complete it. By the different kind of data and research only about lower numbers of students make fully completeness on primary schooling. A crucial issue from that standpoint of monitoring is the fact that a gross enrollment ratio, or even single net enrollment ration has no consistent correlation between the completion primary rate.

Disparities between these two ration arises for many reasons; children enter school early before than official schooling age, in developing countries, they start school late and repeat grades. Another common problem is that children drop out school before the end of year due to their family problems like illness, or families needs for their labor and rejoins the same grade following years. By these kinds of problem or factors that effects on gross enrollment ration 10-60 percent higher than completion rates.

Important gender differences also becomes a key point in comparison of gross enrollment ratio against completion rate, as well. Most of the countries have a low in number of girls enrollment numbers rather than boys as same in the completion ratios. As important as analyzing the overall completion rate is decomposing it for different groups. In around the world, the completion rate children of poor families and rural areas are lower. And also in countries gender equity is also an issue.

"Every children can learn." This more flexible concept is a more relaisitc - and substantively meaningful-goal for developing countries as well. It will put the different view points to school systems to prepare their teachers with different strategies to meet children's different learning needs. It might requires schools to allocate their resources as their students needs like slow learner, children with physical or emotional disabilities, etc. By these kind of efforts and learning assessments can help to ensure the children's grade progression actually reflects adequate mastery of the primary curriculum. By these kinds of paths children's are lead to primary school completion that is a reality for many children in developing world !!!!!

Importance of Primary Education

Why is Universal Primary Education so Important ?

As we know the education is fundamental tools or instruments known for reducing poverty and inequality and for basic sustained economic growth. It is most fundamental source for the establishment of democratic societies and globally competitive economics. Education is fundamental key for individual and for nation to creating, applying and spreading knowledge.

So, the primary education helps to learn and read, using maths to acquire information and to think critically about any information. And it is also the gateways for higher level education to be scientists, teachers, doctors or any other highly skilled professionals that every country, no matter how small or poor. In a research it also shows that they have improves their individual income rather than others. And in research it also shows that for better natural resources management, including conservation and more rapid technological adaptation and innovation.

When a large number of children do not complete the primary education, the productivity of labor force, the potential knowledge-driven development and the reservoir of human potential from which society and the economy can draw are all fundamentally constrained. In several developing countries the average level of schooling of the labor force are still lower than the completion of primary education level. Following research strongly recommend that such low levels of human capital are fundamental inadequate for sustained economic development or poverty reduction.
Also another study shows that average educated levels women have one less child rather than other women. It also helps to found out that mothers who have completed primary education are 50 % more likely to ensure that their infant child are immunized than mother with no education. And very recent research also results that for girls and boys, education is more effective preventive weapons against HIV/AIDS.

In summary, progress towards the goal of universal primary education will have strong effectiveness in achievement if the other millennium goals. But this is only first step towards the lifelong learning for all the citizens, which is as relevant fir the poorest countries of developing worlds. In a highly competitive world economy we cannot any longer consider primary schooling a terminal level of education for its labor force but increasing the number of children who completed primary schooling level is first essential step !!!!!

The Global challenges

The Global Challenges of educations for all

Following goals are committed by countries around the world to ensure the education, "181 countries from all over the world have committed themselves to 8  millennium developed Goals aimed at eradicating extreme poverty and improving the welfare of their people by 2015." And second goal was "Achieve universal primary education" targeting to ensure that "by 2015, children everywhere, boys and girls alike, will  be able to complete a full course of primary schooling." These are the Jomtien commitment was affirmed and extended at the World Education Forum in Dakar in 2000 AD.

As in research following the Jomtien good was not met according to the Dakar forum. And also following research seeks answer to these three questions:

• How close is the world to achieving the millennium goal of universal primary completion ?
• Is it achievable by 2015 ? 
• If so, what would be required to to achieve it, in terms of both education policy reform and incremental domestic and international financing ?

In this research our researcher approach are different than others while they based their research on the completion of primary level education rather than enrollment in primary education. which are poor proxy for schooling completion rates. 

if so, what would be the incremental domestic and international financing requirements under this scenario ?

Under this circumstance study are first based to analyze on the Challenge of Education for All through by the development of a new  monitoring indicator and direction collection of most recent available data in educational enrollment and public finance data. By this study they came the conclusion are very far form the goal, and they can only approach the 57 percent in completion of primary education, because of their poverty, fragile domestic resource base, and institutional weakness. So, for this achievement they need the huge amount support form incremental external resources and effort from international group for universal primary completion !!!!!

Challenge of Modern Age Education

What kind of challenges are there in education at this Modern Age ?

There is lots of challenges in the world ? It might be about security, environmental, population, etc. We can pick any topics to collect for challenges. But we are talking about challenges for modern education. So, it would be better to talk about challenges which are facing by the modern age education. Education plays the vital role on everyone life but still lots of population are under literate around the world. They even don't to know how to write their name. So, in this modern age this a shame for us to knowing that lots of person even don't know to how to write or read. Billions money are spending on the education by different countries to make a literate community around the world.

By seeing these examples, there is a question, "Is that money spending on right place ? " or "Are we wasting our time to making them a literate ?"

From past times, there is lots of challenges in education. We are going to discuss about some over here. Lots of countries, are facing the educational problem they are trying their best to educate their peoples. Somewhere they are facing a fund problems, religion, hard to find out skilled teacher, etc. Some religion are very restricted to get education for girls. They even not allowed their daughters to go out and getting education. In some part of India, lots of parent still don't send their daughters to get school because they think that their main responsibility is to married their daughter's in well family. By these kind of concept of still there is hard to get education for women. They didn't want to expand their money in education. Somewhere they think it is not good to expenses more on education because it is hard to provide themselves food to their mouth.

Regarding these kind of conflict, stills lots of citizens of under developing or poor countries are hard to get any education. Their Governments are also facing lots of problem to providing a free education to there citizen. Somewhere they provide these kind of facilities but still there effectiveness are in low number. Because without daily labor they have hard to sustain or run their life. Even comparing between enrollments and completion there is difference in huge number. They leaves their education in mid because of proper guidance, lack of economic and also listening their friends and running towards too city life or earning. Government should focus on these kinds of problems other wise it will be huge loss to government in their invest to get skilled manpower !!!!!

Modern Age Education

What type of education we should focus on modern age?

In this modern age, there is a lot of challenges in education. There is hard to find out what exact our education needs to be suitable for our life or better career. Every persons have their own point of view about the education, because they will explain about them as their background. We are searching for better education because it is key point to our future career. Now, the days most of student gets busy on their educational course and also their parents. Their parents tried hard to fit their children to get a proper education. Since their birth every parents gets enormous tens for their children education. To get proper education, there parents try hard to get a suitable school to college and help them with extra coaching classes. Because they think that it will help their children to get proper education and be in top on their education. While this kind of race is starting form the lots of generation but there is a big question which education we should focus theoretical or practical education.

we see in past of our generation where they learn and be educate mostly by practical rather than theoretical. They learns skills of their parents where there parents are perfect. For example the carpenter's son become carpenter. Like this kind of skills or education parents give to their children to prepare them for their future run. This kind of education or skills learning might call a traditional educational or parental education. But still in that time period there was a student and teacher mostly they go far away to learn the skills or to get education. In the developing period of education slowly schools, college and university are established. 

In modern age school, colleges and universities are trying to focus on practical educational rather than traditional education. But still they continue their education theoretical and they focus or make first priority over practical education. Lots of university are helping the lots of experienced persons by giving them a academic certificate according to their experiences. Most of them are trying to get skilled students and making them fit for their future career. 

So, we should be focused to get our children or students to get modern education or practical education rather than theoretical. By these kind of education our students or children might get the better chance to face a modern age. We should try them to get skilled, because if they are skilled and have a knowledge there will be no less chance to get ready to fight in future. !!!!!