House magazine for the associates of Gopast. This is the Seventh quarterly issue. Inscriptions made on stone seldom fade, this is the core of the tag line of this magazine. Truth Stays Forever. This magazine will be of interest for people engaged in the financial services industry

1. WALL 2 PANEL 3
INSCRIPTIONS 7
HIGHLIGHTS OF THIS ISSUE:
1) FUNDAMENTAL PRINCIPLES OF FINANCIAL PLANNING
2)EARLY RETIREMENT
3) INCOME TAX AY 2015-2016
AND THE SCULPTOR INSCRIBES TALKS ABOUT TIME MANAGE-MENT
“TIME IS MORE THAN MONEY”

2. TITLES SPACE FOR P.NO
i
Sculptor Inscribes RG 2
Gurus speak Faculty Members’ space 12
Caterpillar Space Students and Trainees 24
News Channel Happenings at Gopast 37

3. Inscriptions 7
TIME IS MORE
THAN MONEY

4. TIME IS MORE
THAN MONEY
Time is more than just money
R.GOPINATH
gopinathr@go-past.com
This article is relevant to all professionals.
However to make it specific i have designed
it for life insurance marketing professionals.
People from other industries, also will find
the concepts mentioned here are applicable
to their life as well, with very little modifica-tions.
As the agent starts growing in his career, he
will find the rewards going up, his income go-ing
up, the status going up and all this will fur-ther
motivate him to do more. But while all
other things will grow, one major resource
will become more in demand and that is
TIME. As the clientele grows, the time to be
spent with them also grows. They will all ex-
3
R.GOPINATH
gopinathr@go-past.com

5. pect the same attention that they got in the
earlier days from the agent. But now since
the clientele has grown, so much time may
not be available to be spared with them.
Again more the business more will be the
service requirements. More time will be
needed by the company to handle that many
cases. As the popularity grows, there will be
many invitations coming forth to take part
and address various gatherings. suddenly
there will be rush for your time from all the
quarters. The family and in particular the chil-dren
will expect more time to be spent with
them, the societal contacts expects that you
participate in social gatherings and parties,
the clients also will be expecting in-detail at-tention,
the business that grows also chal-lenges
our existing knowledge levels and we
will be need to constantly learn and relearn
to keep an update of the profession.
How are we going the address to all of these
all at the same time. So as an agent grows up
in career, apart from the other skills that he
might be learning to progress in his business
he must also learn more time management
skills.
In fact the word “Time Management is a mis-norm.
Because you can not manage that you
can not control. Time is absolute, it is
granted to all in equal measure. Whether we
want it or not we will have the 24 hrs. We
can not have less, nor can we have more.
Therefore it is not in our control.
4

6. We can only control the way we utilise time,
meaning it is truly “Self Management” and
not time management.
One of the basic pre-requisites for effective
time management is our attitude towards
time.
Time is so precious and different from any
other resource that we have been blessed
with. Some people say time is money, but i
used to say time is not money, time is more
than money. Because time has some qualities
that money does not have. Time is not stor-able,
money is storable. If i have 2000 rupees
with me, i can store it some where to be
used later, if i have 2 hours extra, where can i
store it? not possible at all. Money is transfer-able.
I can take 2000 rupees from you and re-turn
it later, but i can not take 2 hours from
you and give it back later. Above all Time is ir-reversible.
There was a poor little boy in a village. He
used to go to the neighbouring village to
work. He has to cross a river to reach that
village and there used to be a boatman who
ferries people from this shore to the other.
Daily this boy used to go in the morning and
return in the evening after the work in that
boat along with a few others. One day he got
delayed at the work and by the time he came
to the shore, the boatman had left carrying
others. So he had to stay back on the shore
itself, and wait for the dawn.
5

7. He slept on the banks of the river. But as the
night grew, the boy became scared, being
alone. He felt a few pebbles near his hand,
and he picked them up and started throwing
them into the river. It made splashing noises
and he derived some entertainment in that.
And then he reached out to a few more in
the dark and threw them one by one into
the river. The sky was lighting up slowly at
dawn, he had two pebbles in his hand still, he
thought to throw them away and walk back
to his work. But as he opened his palm, he
saw the pebbles he had in his hand were shin-ing,
and when he observed them closely he
knew they were not pebbles but they were
gems.
So all through the night in the dark, without
knowing that they were gems, he had thrown
away valuable gems into the flowing river.
Can he now jump into the river and get
them back. No way, they would have been
just washed away, they cannot be got back.
Everyday that God has given us is like that a
worthy gem, but if we while them away then
we may not get it back. Better value the time
before it is too late.
There are a few COMMON time wasters
listed hereunder:
While most of the people say the category 1
is what is taking away most of their time, the
fact is category 2 are the real time wasters.
They take away 4 times more than the cate-
6

8. gory 1. In fact as it appears from the above
category 1 seems to be not under our con-trol
and therefore nothing much can be done
about them. Not truly so. Even the list in
category 1 can be avoided with little precau-tion.
It is the category 2 which is directly un-der
our control that take away most of our
time.
Therefore we must take steps in our life to
avoid items in the list of category 2.
Procrastination is the biggest thief of time,
apart from the fact this causes most loss in
the form of missed opportunities. We need
to overcome this. We can not escape from a
job by procrastinate, we only will be adding
more pressure on us towards the end by
postponing it now.
Unorganised behaviour leads to spending
more time frequently searching for impor-tant
things. If we can designate a place for
everything and put everything in those desig-nated
place, the we may not need to be
searching things quite often.
Laziness like procrastination takes away most
of the time and drives us into crisis situa-tions
from which we need to do double the
required work to get out of.
Not keeping time schedules, and being late
for the appointments and meetings not only
wastes our time but also the time of many
others. Punctuality is the basic discipline.
Not being able to decide quickly and waver-ing
is like ischemia, a silent killer. People want
to be absolutely sure of being correct before
they take a decision. One does not have to
7

9. be correct always. A few mistakes is afford-able
rather than being stuck indecisively. We
need to take reasonable care, but being over
cautious can be worse.
In an agents work life there are a few things
which have to be done on priority. I call
them as brushing teeth jobs. We will look at
these brushing teeth jobs hereunder towards
the end of this part of the article, which can
be a great way of saving maximum time for
the agent and save him from crisis situations
and fire-fighting most of the time.
The problem with most of us is that we are
busy. The question is what is it that we are
busy about? Are we too busy to find no time
do even essentials? Say for example are we
so busy that we don’t find time to service
and maintain the vehicle till it breaks down?
Are we too busy to find time for preparing
well for the client meetings? Are we so busy
that we cannot steal time for physical exer-cises
till the medico puts us on a supervised
fitness therapy?
So what does all this mean? is being busy a
crime? no, not at all. Being lazy, being idle, es-caping
from duties, slipping into procrastina-tion
syndrome, getting into self made crisis
all of these are crimes. Only difference be-tween
any other crime and these are that
these are not punishable under Indian Penal
Code. But the penalties that we may pay for
these crimes are far too heavy.
One of the basic aspects of time manage-ment
is that, we can effectively do only one
thing at a time. Therefore it is important to
choose as to what is that going to be? Say
for example if you are sitting in front of a
prospect trying to find some common
8

10. ground for business, during that time you can-not
attend to some other task which you
had left unfinished at your desk. And for
some reason you attempt to even think
about that, you will be ineffective in both,
with the prospect and the unfinished task.
True that our capacity is unlimited but when
it comes to effectiveness it is best when we
are at one job exclusively.
There are some tasks that will enhance your
overall effectiveness and there are some that
will keep you fully engaged but may not con-tribute
to your effectiveness, most of the
time they might reduce your effectiveness. So
the more we are engaged with the former
type of tasks the better. While all these
points are generic for all professionals and
public, let us now focus on some points spe-cific
to a life insurance agent:
9

11. While PLANNING AND PRIORITISING
and BUILDING COMPETENCE are the ba-sic
essential and define the span of our reach,
the other three activities namely PROSPECT-ING
AND DEVELOPING, IN PERSON
WITH THE PERSON and BUILDING COM-PETENCE
will decide the heights that we
will reach in the profession of insurance
agency.
We call them brushing teeth jobs for the rea-sons
that they are:
To be consistently worked upon,
Probably the first things to do,
That mostly they can not be entrusted to
others, and
Neglecting these areas can cause serious set
backs in overall functioning of our business.
In fact working constantly on these seven ar-eas
can save quite a lot of time for us and
can prevent major crisis that we can get into
in future. Let me explain all these seven tasks
in detail in the coming issues, please stay con-nected.
10

12. CHAPTER 2
GURUS
SPEAK
WEALTH THAT LASTS FOREVER
PART 2
R.GOPINATH
gopinathr@go-past.com
www.go-past.com

13. 12
8 Governing principles:
1) If a person adopts the formula “Income - Expenses = Savings” then he can never become
wealthy. The correct formula is “Income - Savings = Expenses.
2) Regularity is the key to wealth. (The key to wealth is not the ROI, IRR, CAGR etc)
3) Start early and reach safely.
4) Gold and greed can never stay together.
5) Purpose must decide the choice.
6) Financial Pyramid
7) Draw the map before you start the journey.
8) Professional support helps.

14. In the previous episode we saw the first principle “Income - Savings = Expenses”. In this sec-tion
we will see the principle no 2: “Regularity is the key to wealth”. Even small amount is
saved on a regular and consistent basis, daily, weekly, monthly or yearly can make a person
wealthy.
In fact many important aspects of life are governed by this rule “Regularity”. Physical exercises
done on a regular basis to the wealth called Health, Reading books on a regular basis to the
wealth called Knowledge. Daily prayers to God in the Spiritual aspect of life for the wealth
called Blessings, Regular practice to the wealth called Skill in any sports. And this list is endless.
SO ALSO IN THE ASPECT OF FINANCE AND WEALTH.
Let me narrate a story here,” Mrs Oseolo McCarty was a Afro-American living in America. Mrs
Oseolo McCarty was a washer woman. She got to be employed as a washer woman, for a con-tractor
who did cleaning work for big hotels, at her age 40. Amongst several other women
working there as washer women, Mrs McCarty was different. She created a habit that of the
daily wages she receives she used to deposit 10$ everyday in a bank on her way home in the
evening. And this she did for almost 32 years.
13

15. Mrs Oseolo McCarty
One day the contractor had served her a pink slip, meaning that she need not come for work
from the next day and her services have been terminated. The last day with 10$ in her hand to
deposit at the bank, she says to the bank clerk “Son this is my last 10$, i got a pink slip today, i
may not be able to come from tomorrow to this bank to deposit my daily money”. The clerk
asks her does she know how much money is there in her account? She says could be 30 or 40
thousand dollars, the clerk says, “No Mrs McCarty, your account has a balance of 200,000$”.
What is key to wealth? Regularity.
He says if he can cash it and give her. She says “No, son. Leave 100,000$ in my account, i will
use it whenever i require money. Balance 100,000$ transfer it to the name of this bank and cre-ate
a trust of that and help students who want to do their university education, but are not
able to do so due to their financial condition.”. The clerk takes her to the manager and after all
the formalities completed the trust was created.
14

16. 8 or 9 years later, Mrs McCarty fighting with a pancreatic cancer, was advised by the doctors
that she need not take any medication now as they are not going to help and she is in her final
stages now. One doctor however suggests a that she can get operated by one Oncologist from
California and the chances are that she may get to live 2 or 3 years more if the operation is
successful. But the whole thing could cost quite some money. She agrees and the surgeon was
brought from California and the operation was done and it was successful. Mrs McCarty gets
another 2 years to live.
After the surgery while she was recovering, the Surgeon came to her bed and enquired as to
how to she feels now. With folded hands she thanked the doctor and said,”Son i dont know at
this old age how i am going repay you for giving me these two more years to live, but whatever
is left with me i will certainly give you what i can.” The doctor holds Mrs McCarty’s hands and
with tears in eyes, says, “Mrs McCarty please don't even mention that, have you forgotten me, i
am the first person to use your Trust money to enter the university. If i am doctor today, it is
because of your money, how can i ever take more from you. Just bless me, your blessings is all
that i require.”
15

17. Mrs McCarty was recognised by the US Government with the Most Valuable Social Person of
the Year Award in 2004.
What does this story illustrate?
The power of regularity in savings. Getting committed to a habit and investing that money even
it it small, but on a regular and consistent basis can make a person wealthy.
People feel that higher ROI (Return on Investments) will make them wealthy. What they forget
is that the higher the ROI the more the risk that investment is subject to. In fact an easier and
surer way to become wealthy is “Regularity” in savings.
How else do you think our parents, grand parents and great grand parents become wealthy.
They have left behind assets for us. Landed properties, Jewels, High quality furnitures, Art
pieces and a lot of Cash. How did they achieve all these? In fact their earnings were much less
in amount compared to our today’s earnings. They earned in hundreds and thousands, whereas
16

18. we are earning in hundred thousands. They did not have fancied investment opportunities that
we get to nowadays. No derivatives, F&Os, PE Funds, ETFs nothing of that sorts. But still they
left behind assets for us. They followed the principle number 2 of Financial planning and Wealth
management that is “REGULARITY IS THE KEY TO WEALTH”.
I will give you a home work on this so that the above principle is understood well. Please use
an excel sheet and solve this problem and send me the answers. I will give the conclusion of
that exercise in the next issue, in the meanwhile get busy with this calculation:
PLEASE GIVE ME THE IRR FOR THESE TRANSACTIONS:
Column number 1 shows the year, 2,3,4,5 and 6 are showing the investments done in the re-spective
years (in red fonts) and the amount got back also (in blue fonts) in the respective
years.
17

19. 18

20. CHAPTER 3
GURUS
SPEAK
EARLY RETIREMENT
MR SUBASH. U. N.
FACULTY MEMBER
un.subhash@gmail.com

21. Retirement is often thought as receding from active working life. Many people whom I meet
offlate express a desire that they want to retire early in life as they believe that they can’t work
longer or may I say donot wish to work for long time. The general opinion about retirement is
that it is a point of time when the active income (salary / business income) stops and we may
have to sustain ourselves with passive income (rent / interest). What is more important than
physical retirement is Financial retirement.
Financial retirement means to provision for a sufficient corpus that would generate enough pas-sive
income to take care of our living expenses.
If one wishes to retire early in life we have to follow the 5 principles listed below.
5 things to do to retire at 50.
1.
It is often said that small drops maketh an ocean. We have also heard the saying “Start early,
Drive slowly, Reach safely” This is applicable in almost all aspects of life not just driving. Start
your investments early even if they are small amounts. In the exhibit below you can observe
that the person aged 25 needs to save just 14% of his income in comparison to a person aged
30 or 35. A person starting to plan at 40 can never retire at 50.
20

22. 2.
If I ask you “Is water stronger or the Rock?” The obvious answer would be – The ROCK.
But you would have seen many times that when water consistently falls on a rock even that
can crack and break. Similarly, to retire early, Be consistent with your investment pattern and
raise it atleast in tune with your salary growth rate. When we increase our lifestyle in tune
with the income growth the same applies to our investments also.
3.
Very often we hear people say that I live for myself not for others. The same applies wrt
our spending habits too. Many people spend on electronic items or cars just out of peer pres-sure
or social compulsions. This sometimes leads to a situation when people live beyond their
means. Living frugally is difficult but the only prudent way to achieve financial freedom. This
should be done out of choice and not force. Many rich investors like Warren Buffet have these
traits and that’s why they are respected globally.
4.
It is extremely important to ensure that our money grows at the pace which beats infla-tion.
The only asset class which have consistently done this is in the long run is ‘Equity’. It has
been proven across decades that they are a major wealth creator in the long run. Having a SIP
run in a good diversified portfolio of stocks either directly or through MFs / cost effective
ULIPs is a very simple way to achieve this.
5.
Money not spent is money earned. So have a proper budget for every month and be con-scious
of how much you earn, spend and invest. Have proper insurance for medical emergen-
21

23. cies. Also have about 6 to 12 months of expenses in cash equivalent forms to manage any con-tingencies
based on your age and employment profile. Manage debt judiciously. Never borrow
to fuel your life style.
22

24. Assumptions for the above workings:
Retirement age : 50, Life expectancy : 30 more years after retirement (age 80)
No current investments. No other receipts on maturity. No plan to leave any estate.
Inflation : 8%, Pre retirement return : 14%, Post retirement return : 9%, Salary growth rate : 10%
The monthly SIP will be increased every year @ 10%
23

25. CHAPTER 4
CATERPILLAR
SPACE
THIS SPACE IS MEANT FOR
THE STUDENTS OF GOPAST

26. INCOME TAX AY 2015-2016
BY
MRS LEENA CHHEDA CFP
AND
MEET CHHEDA CA
leena_chheda@yahoo.co.in
25

27. 26

28. 27

29. 28

30. Deduction of interest payable on the amount bor-rowed
for Self Occupied House property under sec-tion
24 has been enhanced from Rs. 100,000 to Rs.
150,000.
ï Currently, under section 10(10D) of the Income
Tax Act, any sum received from a life insurer is not
taxable if the premium payable is upto 10 % of the
sum assured. However, if the premium exceeded the
10% limit, then the sum received is taxable. However,
there were no provisions for deduction of tax on such
income. Thus, section 194DA has been introduced
w.e.f 1st October, 2014.
o Deduction of Tax by - Insurers
o Rate of TDS - 2 per cent on sum paid
o Paid to –Resident
o Payment of – Any sum paid under a life insur-ance
policy, including bonus, which are not exempt
under section 10(10D) of the Income Tax Act.
o Amount paid – TDS to be deducted only of the ag-gregate
sum paid in a financial year to an assessee is
Rs.1,00,000/- or more.
Note: The new section is applicable to payments
made to residents, since for payments made to non
residents, which were not exempt under section
10(10D) of the Income Tax Act, TDS was already to be
deducted under section 195 of the Income Tax Act.
PS: TDS deduction on life insurance policy monies:
The following will be Exempted from TDS:
1) Polices issued with DOC prior to 31.03.2003
2) With DOC between 1.4.2003 to 31.03.2012 if Risk
cover is at least 5 times the annualized premium And
Where risk cover is less than 5 times but the payment
in the FY is less than 1,00,000.
3) Where DOC is 01.04.2012 or later and the risk
cover is more than 10 times the annualized premium,
29

31. and where the risk cover is less than 10 times but the
payment in the FY is less than 1,00,000.
(TDS will be deducted @2% if PAN details are submit-ted
otherwise TDS will be deducted @20% if PAN de-tails
are not available.)
30

32. INCOME TAX CLAUSES:
CAPITAL GAINS
All of us are aware that income in any form usually at-tracts
tax. Capital assets are wealth created over a life-
31

33. time and the choice of selling these assets is made
with an intention to increase existing wealth in the
form of gains. Tax on capital gains directly affects in-vestment
decisions. However, there are various op-tions
available under the law to counter the tax aris-ing
at the time of sale, some of which have been ar-ticulated
below to help you pick options of your lik-ing.
CATEGORISING YOUR GAINS
Capital asset is defined to include property of any
kind excluding stock-in-trade, personal effects, agri-cultural
land and certain specified bonds. However,
jewellery, archaeological collections, drawings, paint-ings,
sculptures or any work of art although may be
for personal use are also covered under the defini-tion
of 'capital asset'. Capital gain is computed by de-ducting
the cost of acquisition, cost of improvement
and any expenditure incurred in connection with
transfer from the sale consideration. Capital gains
can be classified into long-term (LTCG) and short-term
(STCG) depending on the period for which the
capital asset has been held by the transferor before
the date of suchtransfer. It is important to remember
the category in which the capital gain falls because it
will eventually impact the rate at which it is taxed
and the tax benefits which can be enjoyed on re-investment
of such gains/consideration.
STCG is earned on sale of a capital asset which has
been held for not more than 36 months immediately
preceding the date of its transfer. In case of any secu-rity
listed on a recognised stock exchange in India or
a unit of the Unit Trust of India or a unit of equity-oriented
mutual fund or a zero-coupon bond, the pe-riod
of holding for the gain to qualify as STCG is
twleve months. The Income tax law has recently been
amended to provide that the unlisted securities and a
unit of mutual fund (other than an equity-oriented
mutual fund) shall be a short-term capital asset, if it
is held for not more than 36 months (which was 12
months in the erstwhile provisions). Any "capital as-set"
held for more than 36 months before its transfer
(more than 12 months in case of listed securities,
units of UTI or equity-oriented mutual fund) will
qualify as a long-term capital asset and gains realised
on its sale will qualify as a LTCG.
LTCG is taxed at a beneficial rate of 20%, plus a cess
of 3%, subject to fulfilment of certain conditions. Be-sides
the concessional rate of taxes available on sale
of capital assets, there are also certain exemptions
provided under the Income tax law for capital gains
arising from sale of long-term capital asset.
CLAIMING EXEMPTIONS
LTCG is exempt for an individual or HUF on sale of a
residential house property, if such gains (not the
32

34. whole consideration) is utilised to purchase or con-struct
another residential house. It should be noted
that the new house should be purchased within one
year before or two years after the date of transfer. In
case of construction, the new house should be con-structed
within three years from the date of transfer.
Exemption will be limited to the capital gains or the
cost of the new house, whichever is lower
LTCG is exempt for an individual or HUF where it is
realised on sale of any capital asset, not being a resi-dential
house, if the net consideration (not merely
the gains) is invested in purchase or construction of a
residential house. The timeline for purchase or con-struction
is the same as mentioned above. However,
to avail this benefit, the assessee should not own
more than one house other than the new asset on the
date of transfer. As per the recent clarifications made
in Finance Act, 2014, the purchase of house property
to claim such exemption has been restricted to one
residential house property situated in India. Exemp-tion
in this case will be proportionate to the amount
invested in relation to the net sale consideration.
The exempt amount is calculated by multiplying the
capital gain with the number arrived by dividing the
amount invested with the net sale consideration. Al-though
LTCG is required to be invested as per the
timelines mentioned in Income Tax law (i.e. two/
three years from the date of transfer), it is possible
that such investment may not be made before the due
date of filing of return.
Accordingly, the unutilised amount of capital gain or
net consideration can be deposited in a separate ac-count
maintained with a nationalised bank under the
Capital Gain Account Scheme (CGAS). Such invest-ment
needs to be made before the due date of filing of
return of income in order to claim exemption and
should be utilised only for specified purposes within
the stipulated time period. In case the amount depos-ited
in CGAS is not utilised within the specified pe-riod,
it shall be charged as LTCG of the year in which
the time limit for making the requisite investment ex-pires.
LTCG can be claimed as exempt in case the gains are
invested in bonds of National Highways Authority of
India and Rural Electrification Corporation within
six months from the date of transfer. However, the ex-emption
is limited to Rs 50 lakh in such a case. It has
been recently clarified in the Finance Act 2014 that
the limit of Rs 50 lakh is in aggregate and applies to
total investment. The exemption up to Rs 50 lakh can
be claimed only in one financial year, even if the
specified period of six months covers two financial
years
33

35. It is important to remember that staying well in-formed
of beneficial tax provisions always helps in
saving substantial tax liability. All that is required is
to make prudent investments at the right time. This
will help in enjoying the fruits of one's labour with-out
taking a cut on the pocket in the form of tax.
The author is Divya Baweja-Partner, Deloitte Haskins
& Sells LLP
34

36. AGENT- A CRAFTED BAMBOO
BY MR JAGADEESH. R
jaganinsure@yahoo.co.in
Everyone of us know about the great grass bamboo
“Bamboo”. We can see them grow in many places,
but we have to realise the fact that only some bam-boos
are crafted into useful musical instrument –
‘Flute‘ . In the same manner , we can see many agents
around us. We have to realize and select a correct
35

37. agent. Selection of good agents only can make our life
and investments useful and happy.
Successful agent is one who believes in continuous at-tempts
to succeed after many failures. It is only
through his attempts, he can overcome even the most
bitter experience to reach the best results. Even good
thoughts about future can create a good agent. A
short story to explain the theme.
There was once a man who wanted to uplift his life
style and he also wanted to know about his future. He
journeyed through a village to meet an astrologer.
The astrologer asked the man to come back the next
day. The man started his way back to home when
heavy rain poured down. The man entered the
nearby temple and saw that its deity Lord Siva was
drenching. When he had a close look at the temple,
he saw that the building was in very bad condition.
He began to dream about renovating the temple and
perform the “Kumbabhishekam” – the ceremonial
rites for the temple and the deity. Suddenly he heard
a hissing sound and turned back to find a black cobra
ready to bite him.
Feeling afraid, he ran out of the temple and to his
great shock, he found the temple building tumble
down. His life was rescued in a few seconds. When he
went to meet the astrologer the next day, the astrolo-ger
was shocked to see him alive. According to his as-trological
power,he knew the man should have been
dead by now, and if he had to live inspite of his fate,
he had to build a temple with in a night which the as-trologer
knew was impossible.
When the man explained the incident and the dream
that happened the previous day, the astrologer was
dumbstruck. He knew that God’s grace was showered
upon the man.
But we should understand that every problem cannot
be solved easily. We need to make attempts to build a
safe and peaceful future for us and our family. Death
is a very natural occurrence. We cannot stop it, nei-ther
God. But we can safeguard our family through in-surance
policies.
Agents are the messengers to safeguard our family
members even after our demise. Good Agents are the
flutes – the crafted bamboo, who are useful to the so-ciety.
Let us try to become good and successful agents
true to the meaning of the word and work.
Let us do our duty, and leave the rest to God!
36

38. CHAPTER 5
NEWS
CHANNEL
PALM LEAF PORTAL WAS LAUNCHED
ON 14TH APRIL 2014

39. I HEARTILY THANK AND CONGRATULATE THE TOP USERS-RG
FROM OUR SUBSCRIBERS THE TOP 10 USERS OF PALM LEAF PORTAL SINCE BEGINNING UPTO 30.09.2014.

40. THE TOP 10 UTILITIES USED

41. Competition for the
users of Palm Leaf -
“KNOWLEDGE
TREASURE HUNT
40

42. Dear friends,
Thank you for subscribing to Palm Leaf.
From Oct 2nd the birthday of the father of our
nation till the end of this calender year 31st
December, the Palm Leaf subscribers will be
ranked according to their usage of palm leaf.
This will be done on the basis of both the time
spent in this portal as well the number of
pages visited.
The top 10 from this merit list will be given
ONE EXTRA MONTH OF USAGE when they
renew their subscription for the next year. That
is the next renewal that is for Rs 2000 for one
year will give these meritorious people a 13
month usage.
As on date the top 10 users of Palm Leaf dur-ing
the last week are:
Mr Sabaji Ganpat Bhagat
Mr Rajesh Dossa
Ms Dipti V Doshi
Mr Anil Jha
Mr Chakrapani V
Mr Ranjithkumar A
Ms Sunitha Rathi
Mr Asis Baran Chakraborty
Mr Dipak Chatterjee
Mr Sanjay Shelat
The Competition "Knowledge Treasure Hunt"
starts from 02.10.2014
41

43. AGENTS AT ULLAHSNAGAR WRITING THEIR
FINAL EVALUATION EXAM OF MISSION MDRT
COURSE

44. AGENTS AT ULLAHSNAGAR WRITING THEIR
FINAL EVALUATION EXAM OF MISSION MDRT
COURSE

45. Mr Bharat Parekh celebrated his 29th anniver-sary
of LIC Agency, on14th September 2014,
as a Thanks giving Day to his clients. During
these 29 years he has covered his clients for
over 2066 crores of insurance cover, has set-tled
over 37 crores as claim amount and his
team has clocked 10lakh man hours serving
more than 40,000 policy holders
In Pics are Mr Bharat Parekh, Mrs Babita
Parekh, Mr. R. Gopinath and Mrs Rajalak-shmi
Gopinath.