House magazine for the associates of Gopast. This is the 24th 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. A MAGAZINE FROM THE GOPAST CENTRE FOR LEARNING
Inscriptions 24
TRUTH STAYS FOREVER
PANNEL 1 WALL 7

2. SCULPTOR INSCRIBES

4. c C :743 7A C 16 713d
7 SKT OUT NOY W O K UL KT OT S GOTOTM YKYYOUTY GTJ 7 MK G G OK
UL KYVUTYKY L US NK VG OIOVGT Y :K SK ROY YUSK,
FKY O OY IU KI
7 OY IU KI H TU GR G Y
7 OY YU H Y HPKI U IUTJO OUTY
& 7 OY NKU K OIGRR IU KI H V GI OIGRR LGRYK
/Y G MO R 7 NG K K LK INUOIKY
( 7 OY K UTR LU G LK R IQ UTKY
) 7 OY UTM IUSVRK KR
ROLK OY 5UJbY INUOIK
; ROLK OY S OLKbY INUOIK
3 K NOTM OY TJK S N YHGTJbY IUT UR NU IGT 7 NKT YG
O OY S INUOIK.
/TJ NK ROY MUKY UT GTJ UTa
BNK V OSG JOLLOI R OT GIIKV OTM NOY c ROLK OY U INUOIKd OY
NG UTIK K GM KK U NOY Y G KSKT K NKT RUYK NK R UL
c0RGSOTMd EK G K K KSKR YKJ U NK R UL GYYK OTM
HRGSK EK IGT TU HRGSK GT NOTM- 5UJ VG KT Y INORJ KT YUIOK
U MGTOYG OUT I Y USK Y SGT LGI KY I R K LG K JKY OT K I
:UUQ G YUSK UL U Y G KSKT Y- NK KGY NK B N OY
BNK Y UTK OVVKJ SK- BNK Y UTK GY Y G OI 7 OVVKJ UT O
BNK MRGYY LKRR L US S NGTJY- 7 J UVVKJ O H SOY GQK
BNK GOT RKL - 7 G O KJ RG K

5. :UUQ G NOY VOI K V BNK K OY G Y OS R Y GTJ G VK YUT- HK KKT
NK Y OS R Y GTJ NK VK YUT NK K OY G YVGIK GTJ OT NOY YVGIK ROKY
NOY!NK L KKJUS UL INUOIK
A OS R Y, /T NOTM NG K UQKY G KYVUTYK L US G VK YUT 7 IU RJ HK
GT K KT LU K GSVRK- G Y UTK LR TM G Y 7 IU RJ GRYU HK G U J
LU K GSVRK- YUSKHUJ K OTM cNK OY G TOIK VK YUTd 7 IU RJ HK G
YUTM LU K GSVRK- cBNK TG OUTGR GT NKSd O IU RJ HK G VOI K LU
K GSVRK- c;OIGRKGTMKRUd 7T YNU GT NOTM NG K UQKY G KYVUTYK
L US Y OY G Y OS R Y
0K KKT GT Y IN Y OS R Y GTJ NK VK YUT NK K OY GR G Y G YVGIK
GTJ OT NG YVGIK NK!YNK NGY NK L KKJUS UL INUOIK 6OY!NK KYVUTYK
IU RJ HK U U U &
BNK G G KTKYY UL NK LGI K NG K NOY L KKJUS UL INUOIK OY U VU
K 3 KT NU MN NK L KKJUS UL INUOIK OY NK K OL K G K TU G G K
UL NG GTJ K LKKR NG NK K OY TU INUOIK U NK NGT NKT K
G K VU K RKYY GTJ NK Y OS R Y OY UU VU K L R
PIC1

6. 4O Y RK SK IRG OL NOY, OY O K NG K NG K NOY L KKJUS UL
INUOIK OT K K YO G OUT. FKY K JU :K Y YG N VU NK OIGRR - UT
U G NUSK G UHHK P SVY HKLU K Y GTJ VUOT Y G VOY UR G U
NKGJ OT IRUYK GTMK GTJ JKSGTJY U LU NK HGM OT U NGTJ A OS
R Y - 2U K Y ORR NG K NK L KKJUS UL INUOIK.
BGQK G SOT K U NOTQ GHU NOY YO G OUT GTJ GTY K NOY W KY
OUT- 2U K Y ORR NG K NK L KKJUS UL INUOIK.
7 YKKSY UH OU Y NG K SG TU NG K GT U NK INUOIK NGT U MO K
NK HGM G G 7Y O K NG OT GRR Y IN YO G OUTY K K HUJ
JOJ NK YGSK. U K NG K IUSK GI UYY Y U OKY NK K NK OI OS
U RJ HK LU MN O N NK UHHK K NG K O TKYYKJ NOY OT YUSK
SU OKY OT NOIN NK UHHK GY GRQKJ U UL NK UHHK 7T LGI OT
K K YO G OUT NU K K J GY OI SG O HK K Y ORR NG K YUSK INUOIKY
U INUUYK L US 7 GS TU YG OTM NG K YNU RJ TU MO K G G NK
HGM GTJ KTJGTMK U RO KY /RR NG 7 GS OTM U IUT K NK K OY
NG K NG K INUOIKY U UL NOIN MO OTM G G NK HGM OY P Y UTK UL
NK INUOIKY
:K Y TU RUUQ G GT KSU OUTGRR SU OTM K GSVRK,
/ SU NK NGJ IUTY R KJ SK GHU NK U HRK NG YNK GY TJK MU
OTM ANK NGY KG URJ YUT BNK HU OY K JK NK YNU Y G NK
K KT LU NK YSGRRKY OYY KY NG VYK NOS O N GH YO K U JY ANK
YG Y NG YNK U RJ TU YK Y IN U JY K KT GMGOTY NK KTKSOKY 6K
NGY K KT YRGVVKJ NK ANK NGY TU UTK U NK NGT NK YUT OT NK LGS
OR YNK YG Y YNK NGY YGI OLOIKJ YU S IN LU NK YUT GTJ Y ORR NK OY YU
TM G KL R AOTIK NOY INORJNUUJ NK NGY HKKT MO KT YU S IN G KT OUT
GTJ IG K NG NK YKKSY U NG K GQKT NOTMY LU M GT KJ 7 OY TU
NG NK HU NGY GR G Y HKKT ROQK NOY SUY UL NK OSKY NK OY UQ
H G OSKY NK HKNG KY ROQK NOY ANK YG Y NK OY K QOTJ U NOY
L OKTJY NK OY K KT QOTJ U GTOSGRY- H O Y O N NK U NUS NK OY
YU TQOTJ GTJ JK GTJ NG UU P Y UTIK OT G NORK O OY L KW KT
TU 6K G OSKY KM K Y NOY GI OUTY GTJ GVURUMOYKY ANK URJ SK
NG YNK NGY YGI OLOIKJ NK IG KK LU NK YGQK UL NOY HU YNK NGY RK
MU NK GSHO OUTY GYVO G OUTY GTJ K KT YUSK KRG OUTY LU NK YGQK
UL NOY HU GTJ K NOY OY NG YNK KTJ KY

7. ANK GYQY SK NG INUOIKY JUKY YNK NG K OT NOY YO G OUT. ANK OY
IK GOT NG YNK NGY U URK G K NOY GTJ GO LU G MUUJ OSK NKT
NK HU ORR INGTMK LU NK HK K BNG G YNK IGT QKKV V NK
OSGMK OT NK YUIOK GTJ G NK ULLOIK NG YNK OY G MUUJ RGJ GTJ
NG GRR OY KRR OT NK LGSOR 7 U RJ TU RKG K O U NK KGJK Y U
VUTJK VUT NOY GTJ KRR SK OL U NOTQ NK K G K SU K INUOIKY.
ENG K K SG HK NK Y OS R Y K Y ORR NG K INUOIKY BNK Y OS R Y
IU RJ HK G N KG U O IU RJ HK G KSV OTM HGJ NGHO U O IU RJ HK
GT OTY R H G IUSS TO SKSHK U G HGIQY GHHOTM L OKTJ U O
IU RJ HK G SGI U K KT ROQK GT KIUTUSOI SKR JU T U GT ULLK UL
H OHK O IU RJ GRYU HK GT TSGTTKJ GLLOI YOMTGR EK GR G Y NG K
S R OVRK INUOIKY
6G K U K K K VK OKTIK G YO G OUT NK KOT U K K NG YN O N
YUSKUTK GTJ RG K KGROYKJ O GTJ GVURUMOYKJ LU O . 6G K U K KJ
G U J NG N G VK YUT GTJ RG K KVKT KJ LU O .
7L NK GI GY NK UTK NG JKYK KY KVKT OTM U KM K OTM N JU
O U HKMOT O N. EK K K G G K UL NK U NK INUOIKY G GORGHRK U Y
U OY O HKIG YK K LKR NG GI OTM ROQK NG GY NK UTR G GORGHRK
UV OUT INUOIK KUVRK NU RUUQ G VOI YUSK OSKY KRR SK NG U
NG K YNU T G HOM YVGIK HK KKT NK Y OS R Y GTJ NG VK YUT H OT
KGR ROLK NK K OY TU Y IN R BNK YVGIK OY P Y G SOI U SORROSK K
U YUSK OSKY P Y G SOI UT RKTM N G U YK YIKTG OU U RJ HK OT
NOIN NK K OY TU YVGIK G GRR
0 HKROK K SK O KYVKI O K UL NK TO Y UL SKGY KSKT Y 7 IGT KRR
U NG NK K OY YVGIK /TJ KTU MN YVGIK U K K IOYK U L KKJUS UL
INUOIK 0 TJK Y G OTM NOY VNKTUSKTG K IGT K KRR YG NG -
c UHUJ IGT JOY H Y O NU U VK SOYYOUTd
c UHUJ IGT VYK Y O NU U VK SOYYOUTd
c UHUJ IGT KSV Y O NU U VK SOYYOUTd
FU IGT GY KRR Y HY O K NK U J cTUHUJ d O N cTU NOTMd

8. BNK SUY LGYIOTG OTM I KG OUT OT NOY U RJ OY NK N SGT H GOT 7 Y
L TI OUTY G K GSG OTM FKG Y GTJ JKIGJKY UL KYKG IN GTJ JOYIU K OKY
GTJ K YU S IN SU K GO OTM U HK TIU K KJ
7L NK H GOT OY G NG J G K O Y L TI OUTOTM OY IGRRKJ NK SOTJ :UUQ G
NK VOI K VOI HKRU BNK L TI OUTY UL NK SOTJ IGT HK H UGJR JO
OJKJ OT U U BNK IUTYIOU Y SOTJ GTJ NK Y HIUTYIOU Y SOTJ
BNK IUTYIOU Y SOTJ
4O Y IURRKI Y OTLU SG OUT L US NK U RJ N U MN NK YKTYKY
/TGR YKY NK OTLU SG OUT- ROQK K LGRYK ROQK JOYROQK K I-
A U KY NK OTLU SG OUT K Y Y KSG OIGRR OT G OU Y LURJK Y GTJ
LORKY O N RGHKRY GTJ OTJK KY LU NK UIIGYOUT NG JKSGTJY NK YK
UL NK OTLU SG OUT U SGQK JKIOYOUTY-
PIC2

9. :K SK MO K U GT K GSVRK U ORR Y G K NOY V UIKYY ENORK 7 GY
W O K U TM SG HK U KG Y URJ 7 GIIUSVGTOKJ S VG KT Y U G
KRG O KY NU YK LU R TIN BNK NGJ SGJK K YVKIOGR G GTMKSKT Y
LU NK R TIN GSUTM G G OK UL JOYNKY GY GT O KS IGRRKJ cYGSH
NG d NG OY U HK NGJ O N OIK- NK K GY G VOKIK UL M KKT INORR OT
NG 7 SOY UUQ O U HK G KMK GHRK ROQK M KKT HKKTY GTJ YU 7 HO OT U
O 7 GY YU NU NG 7 LKR GT KRKI OI Y MK UL YU Y L US NK UV UL
S NKGJ U NK OVY UL S UKY BNOY OTLU SG OUT MU Y U KJ OT NK
GVV UV OG K VRGIK OT NK SOTJ 4U S NKT UT NKTK K NK K KY YVU
G M KKT INORR OT GT LUUJ O KS NK SOTJ GRK Y NK NGTJ GTJ NK
NGTJ V YNKY O G G
BNK IUTYIOU Y SOTJ IUTY SKY G RU UL KTK M OT NOY V UIKYY AU GL K
KVKG OTM GT GI OUT U K G V URUTMKJ VK OUJ UL OSK O V YNKY NK JK
IOYOUT OT U NK Y HIUTYIOU Y SOTJ YU NG NK GI OUT IU RJ HK UT G U
VORU SUJK
7L U UR T G GI OUTY! KGI OUTY G K IUT URRKJ H U IUTYIOU Y
SOTJ U OT UR T G GI OUTY G K IUT URRKJ H U Y HIUTYIOU Y
SOTJ NK KH GI OTM ROQK G V UM GSSKJ UHU
:K Y MU HGIQ U U JOYI YYOUTY UT NK Y OS R Y- VK YUT YVGIK GTJ
NK L KKJUS UL INUOIKY / NK IUTYIOU Y SOTJ RK KR G Y OS R Y OY K
IKO KJ GTGR YKJ GTJ JKIUJKJ HGYKJ UT GR KGJ Y U KJ OTLU SG OUT GTJ
K VK OKTIKY /Y SKT OUTKJ KG ROK NKYK JKIOYOUTY MK V YNKJ OT U NK
Y HIUTYIOU Y SOTJ U NK K KT NG U KYVUTYKY G K G USG OI
BNG OY NK OSK NKT K LKKR NG NK K OY TU YVGIK HK KKT NK
Y OS R Y GTJ U KYVUTYK- U K KT U YK K LKKR NG NK K OY TU
U NK INUOIK G GRR ENORK NK LGI OY NG NK K OY YVGIK GTJ NK K G K
U NK INUOIKY UU
:K SK MO K U YUSK K GSVRKY,
AUT TU ROY KTOTM U NK OTY I OUT UL NK LG NK U YO GTJ LOTOYN NOY
NUSK U Q YG Y NG NK GT Y U VRG NKT O N NOY L OKTJY 3 KT GY
NK Y G KJ K OTM NOY OYN U VRG NK LG NK GOYKJ NOY NGTJ U YRGV
NOS TU YVGIK TU U NK INUOIK

10. / YSGRR GIIOJKT - G SU U I IRK H YNKY UT NK YOJK UL U IG K MK
JU T GTJ YNU G NOS / OSKY OT RGTM GMK NG JUKY TU KLRKI
U KJ IG OUT U VH OTMOTM TU YVGIK TU U NK INUOIK
/ IURRKGM K IUSSKT Y UT U U Q K MO K G OURKT KYVUTYK U O
TU YVGIK TU U NK INUOIK
BNK YOMN UL G LRGM K UQKY GTMK TU YVGIK TU U NK INUOIK
BNK UTK UL G SU NK OT RG YIG KY NK TK JG MN K OT RG YNK
I OKY OT V O G K I YOTM NK LG K UL MK OTM SG OKJ OT U NOY LGSOR
TU YVGIK TU U NK INUOIK
/ N YHGTJ ORR KG Y GTJ NK OLK P Y Y GRRU Y NK OTY R TU YVGIK
TU U NK INUOIK
/ OLK OY Y YVOIOU Y GTJ N Y NK N YHGTJ O N NK U JY NK N Y
HGTJ GO Y LU G JG NKT YNK U RJ IU KI NK YKRL TU YVGIK TU
U NK INUOIK
ASUQOTM OT V HROI VRGIKY OY HGTTKJ OT 7TJOG H G VK YUT YKKY GTU N
K VK YUT V LLOTM IOMG K K LKKRY NK MK GTJ OURG KY NK RG
ASUQOTM OT V O G K VRGIKY OY GRYU OTP OU Y U NKGR N IG YKY IGTIK
KUVRK NU G K KYVUTYOHRK LU NKO LGSOROKY NU IGT NK TU T
JK Y GTJ NK JGSGMK O IU RJ IG YK U NKS- GTJ HKIG YK UL NG
NU S IN JGTMK G K NK V OTM NKO HKRU KJ LGSOR OT. KVKG KJ
R NK K K IOYK NK YGSK INUOIK TU YVGIK TU U NK INUOIK
7L U KYVUTYKY G K IU KI SKGTOTM NG K NG K YKJ NK L KKJUS
UL INUOIK NKT K S Y IUT OT K NG G 0 OL K QTU NG U
KYVUTYKY K K TU IU KI NKT NK G K TU NKRVL R U U M U N
GTJ YU K S Y INGTMK
6U JU K NKT KV UM GS NOY UHU .
SOTJ V UJ IKY NU MN Y NOIN OMMK KRKGYK UL G YK UL NU
SUTKY NG IG YKY G YVKIOLOI KGI OUT OT Y

11. SOTJ OY G LGI U NG V UJ IKY NU MN Y 7Y O VUYYOHRK LU GT
LGI U U V UJ IK UV W GRO V UJ I OL NK G SG K OGRY YKJ OT
NK V UJ I OUT OY UL HGJ W GRO . /RSUY OSVUYYOHRK BNK YGSK OY K
LU U SOTJ UU 7L U SOTJ OY V UJ IOTM NU MN Y NKT O YKY NK
G SG K OGRY IGRRKJ OTLU SG OUT NG K GRRU U MK OT U NOY LGI U
AU OL K GRRU ORR!HGJ W GRO OTLU SG OUT U YKKV OT U U SOTJY
NKT NK SOTJ YKY NG U V UJ IK NU MN Y UL ORR!HGJ W GRO U
SGRR OT LGI U OKY NK W GRO IUT UR JKVG SKT INKIQY NK V UJ
I Y HKLU K O OY VGIQKJ GTJ YNOVVKJ 0 LU U SOTJ LGI U K
S Y YK NK ?1 G NK OSK UL VOIQOTM NK G SG K OGR OTLU SG
OUT O YKRL
EG INOTM BD YK OGRY NOIN OT NK TGSK UL LGSOR J GSGY MO K TKMG
O K OTLU SG OUT GHU KRG OUTYNOVY ORR I KG K JU H Y GHU KRG
OUTYNOVY 7T YUSK UL NK Y U OKY K TU OIK NG GRR SU NK Y OT RG Y
G K I TTOTM GTJ I KR GRR N YHGTJY G K JOYRU GR GRR O KY G K G U
MGT GTJ YKRLOYN EG INOTM NOY KVKG KJR NG UU O N GT KSU OUT
GR IUTTKI OUT NG UII Y J K U NK YI KKTVRG HGIQM U TJ YIU K
NK K V KYYOUTY UL NK G OY Y GLLKI Y NK OK K Y 7 NG K YKKT YUSK
U TMY K Y G K GL GOJ UL MK OTM SG OKJ G NK NGT MK OTM K IO KJ
GHU NKO SG OGMK NK G K YIG KJ GHU O Y V UYVKI Y
7Y O VUYYOHRK U VOIQ OTLU SG OUT UTK H UTK GTJ GRRU O U KT K U
SOTJ. BNK K OY G HK K G U JU NG
7L K IGT GVVUOT GVV U KJ Y VVROK Y L US NUS K ORR OT GQK OT
LU SG OUT LU K GSVRK- KGJ HUUQY O KT H 2 / 8 /HJ R 9GRGS
A KVNKT 1U K Y HYI OHOTM U U HK INGTTKRY UL KYVKI KJ SKT U Y
GTJ YU UT 1 KG OTM G L OKTJ IO IRK NOIN OY MUUJ OT GRR GYVKI Y NK
UTK NG YN TY HGJ NGHO Y GTJ NK UTK NG GR KY MUUJ ;U GRKY NK
UTK NG OTYVO KY GTJ KTIU GMKY IGT OSV U K NK W GRO UL U
NU MN Y K KT O NOT G YNU YVGT UL OSK
BNK UVVUYO K ROQK NG OTM L OKTJY OT NK IO IRK NU HUGY UL HGJ
NGHO Y VKUVRK NU G K YKRLOYN NU JU TU GR K NKO I R K IGT JK
K OU G K NK W GRO UL U NU MN Y O NOT G K YNU YVGT UL
OSK

12. ENKT NK IUTYIOU Y SOTJ KIKO KY RUGJY UL W GRO OTLU SG OUT O MUKY
U MK Y U KJ GTJ YKJ OT JKIOYOUTY SGQOTM GTJ SUY OSVU GT R O
MK V YNKJ OT U NK Y HIUTYIOU Y NG I KG KY GT G UVORU UL NK
NOMNKY W GRO OTLU SG OUT KTY OTM NK NOMNKY W GRO VK LU
SGTIK
EK IGT TJK Y GTJ U KGQTKYYKY ROQK GTMK KMU R Y MK OTM
KSV KJ LKKROTM OTLK OU GHU YKRL- GTJ YU NKT MU U GTJ YKG IN
OTLU SG OUT NG IGT I K NKYK JOYKGYKY ROQK NK G K MU OT YKG IN
UL JUI U Y YVKIOGROYOTM OT JKVG SKT Y OT NOIN K G K GLLKI KJ EK
JUTb NG K U GO LU MUUJ OTLU SG OUT U LRU EK IGT YKG IN GTJ
YU IK LU O U YKR KY
AUSK M KG K GSVRKY UL NK G G KTKYY UL L KKJUS UL INUOIK,
7 W U K L US NK YVKKIN UL ;GNG SG 5GTJNO G 8UNGTTKYH M MOTM
NK /YOGT IUSS TO U Y GTJ V GMGOTY NK JOYI OSOTG OUT H NK
ENO KSKT H VKGIKL RR SG INOTM U NK SGOT YW G K GTJ H T NK
OJKT O IG J GTJ Y G G TUT IUUVK G OUT SU KSKT 6K GY NKT ;
9 5GTJNO NK GY RG K IGRRKJ O N KYVKI GY ;GNG SG SKGTOTM G
M KG YU R b
dBNK ORR OSV OYUT SK BNK SG
HKG SK BNK SG H GQK S HUTKY
GTJ K KT QORR SK GTJ NK ORR
NG K S JKGJ HUJ TU S UHKJO
KTIKd BNK IGT TU GQK G G U
YKRL KYVKI TRKYY K MO K O U
NKSd
VOI UL 5GTJNO OT AGR AG GM GNG OT 7TJOG
/TU NK Y IN K GSVRK OY 2 KRYUT ;GTJKRG NU GRQY U UL NK
V OYUT GL K GRSUY ) KG Y UL OSV OYUTSKT GTJ Y ORR LOMN Y GMGOTY
OTP Y OIK U NOY IU T SKT

13. U RK SK MU HGIQ U NK K GSVRK UL NK USGT NU NGJ IUSK U
SK YKKQOTM NKRV O N NK YUTbY HKNG OU ANK IU RJ GL K JK KRUV
OTM IUTLOJKTIK NG YNK IGT NGTJRK NK YO G OUT OT G JOLLK KT G
LU TJ U NK INUOIKY YNK NGY OMN G G U NK NGT URK G OTM NK
G SG NG YNK OY TJK MUOTM GTJ NKT YNK NGJ G M KG YKTYK UL K
ROKL
7T Y SSG 7 IGT YG NOY,
U UTK IGT JOY H Y O NU U VK SOYYOUT
U UTK IGT VYK Y O NU U VK SOYYOUT
U UTK IGT KSV Y O NU U VK SOYYOUT
EK G K NK SGY K Y UL U INUOIKY GTJ U INUOIKY I KG K U ROLK
/ GT GMK G GT OSK L US GT NK K K IGT Y G U PU TK U
M KG TKYY
0RGSOTM OY P Y G H JKTYUSK R NG U K KOMNY U V UM KYY OT
I KG OTM G L K NG K GT LU U YKR KY
EK IGT OSV U K U INUOIKY GTJ NK KH OSV U K U ROLK
EK IGT Y UV U HGJ NGHO Y GTJ Y G MUUJ NGHO Y NG ORR NKRV Y
GTJ U LGSOR
EK IGT SGQK U YKR KY IU GMKU Y IUTLOJKT GTJ G VK YUT UL ING GI
K
EK IGT KV UM GS NK Y HIUTYIOU Y UHU

14. GURUS’ SPEAK
FINANCIAL DISCIPLINE VS FINANCIAL
INTELLIGENCE
THE FORMER WINS MOST OF THE TIMES;
HANDS DOWN
R.GOPINATH
gopinathr@go-past.com
www.go-past.com

15. FINANCIAL DISCIPLINE VS FINANCIAL INTELLIGENCE
THE FORMER WINS MOST OF THE TIMES; HANDS DOWN
R.GOPINATH
gopinathr@go-past.com
www.go-past.com
I ODWH L KDYH EHH UHDGL DUWLFOHV L VRPH IL D FLDO H VSDSHUV D G
PD D L HV DGYLVL WKDW F VWRPHUV P VW GH OL N L V UD FH D G
L YHVWPH W 9RUH VSHFLILFDOO R 2 GR PH W W SH RI L V UD FH
SROLFLHV WKDW RIIHU D VDYL V SRUWLR DOR LWK WKH ULVN FRYHU 6
PD FR WULHV WKLV LV N R DV FDVK YDO H SROLFLHV R WKH PD D L HV
FODLP WKDW WKH F VWRPHU P VW E D WHUP FRYHU IURP D L V UD FH
FRPSD D G IRU VDYL V RU L YHVWPH W KH P VW ORRN IRU RWKHU VR UFHV
D G RW IURP L V UD FH FRPSD LHV 6? 6 : ? .: 6:?288642:?
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?KH FODLP WKDW E RSWL WR VDYH PR H WKUR K L V UD FH SROLF WKH
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WKUR K RWKHU VDYL V PHGLD KH LOO EH IDU PRUH EH HILWHG EHFD VH
WKRVH L VWU PH WV RIIHU D KL KHU HW U R 6 YHVWPH W 6
FRPSDUHG WR KDW 2 GR PH W SROLFLHV RIIHU
6 WKH ODVW % HDUV RI P H SHULH FH L WKH IL D FLDO VHUYLFHV
L G VWU L KDYH FRPH DFURVV WKR VD GV RI L YHVWRUV
.W WKH EH L L RI P GLVF VVLR L DVN WKHP KDW WKH R OG OLNH WR
DFKLHYH WKUR K WKHLU L YHVWPH WV RU VLPSO S W KDW WKH D W-
9RVWO SHRSOH VD 6 D W KL K UHW U V
?KH L DVN WKHP BK -
?KH VD R WKDW L KDYH PRUH 9R H
:R L DVN WKHP 1R R D W PRUH PR H RU GR R D W WR HDU
PRUH HW U 6 -
?KH VD .UH W ERWK WKH VDPH-
BKDW PD SHRSOH GR RW N R LV WKDW 9RUH 6 GRHV RW PHD R
LOO DO D V H G S LWK PRUH PR H
:R L DVN WKHP K GR R D W PRUH PR H ?KH VD R WKDW
L FD EH KDSS RU L FD EH L GHSH GH W

16. :R L DVN WKHP OHW V GHIL H FOHDUO DV WR KDW GR R UHDOO D W
DPR VW WKH WKUHH DERYH-
9RUH 6 RU 9RUH PR H RU % 9RUH 5DSSL HVV RU D IHHOL
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OTHER SAVINGS INSTRUMENTS ENDOWMENT POLICIES
IT IS JUST A RESOLUTION TO SAVE MONEY IT IS FELT AS A FINANCIAL OBLIGATION
TEMPTATION TO WITHDRAW MONEY ON
N O T I C I N G A S I Z E A B L E M O N E Y
ACCUMULATED
WITHDRAWAL ATTRACTS PENALTY
WHEN THE PROFITS ARE VARYING THERE IS
A TEMPTATION TO BOOK THE PROFITS SO AS
NOT TO LOOSE THAT GAIN AND WHEN THE
INSTRUMENT IS MAKING LOSES THERE IS
DRIVE TO PRE-CLOSE AND GET OUT WITH
WHATEVER REMAINS
DEFINITE REWARD FOR LOAYALTY

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25. CATERPILLARS’ SPACE
CHILD PLAN OF LIFE INSURANCE
MR VINOD GUPTA
vinodlifegupta@yahoo.co.in

26. WHY WE NEED A CHILD PLAN
The rising cost of education is troubling Indian parents. It’s
terrifying thought for any parent leaving his family without
adequate means to lead a comfortable life. The only way to get
over this worry is to take a sizeable life insurance cover. Financial
planners swear by term plans, arguing that these policies are the
best way to cover the risk of early death. They certainly are
because they offer a high cover at a low cost and give out a lump
–sum amount to the nominee if the policy holder dies but the
policy ends right there.
There are possibilities that the amount received through term
insurance is exhausted before the money is really needed for
child education specially in case of other partner not working .
On the other hand, a child insurance plan offers a
lump-sum payment on the death of the policy holder, but the
policy does not end there . All future premiums are waived and

27. the insurance company continues investing this money on behalf
of the policy holder. The child gets the money at specified
intervals as planned under the policy. In this way, the parent
ensures that his child’s needs are taken care of even if he is not
around,
Almost all life insurance firms have child plans in
their portfolio of offering. Some of these are market –linked
policies, which allow policy holder to invest in equities and dept,
while others are traditional plans which invest only in debt. in case
of life insurance policy, the premium paid for a child plan is
eligible for tax deduction under section80c, while any income from
the plan is tax-free under section 10 (10d).
Critics of child plans argue that these policies come at a very high
cost compared to a simple term plan. They say that instead of
allocating a huge sum as premium to a child plan, a parent can
buy a term plan of the same amount for himself and invest the

28. balance money in mutual funds. On maturity, he will have a bigger
corpus.
However, they miss out on a crucial detail. What if the
parent dies five years after taking the plan? The term plan will
give a lump-sum for the immediate needs of the family and further
investment in the mutual fund will stop. The child plan, however,
will not only pay the lump-sum, but will continue investing on
behalf of the policy holder. Insurers believe the waiver of premium
feature in a child plan is the key. It is big advantage because it
doesn’t let the death of the policy holder derail the investment
plan for his child , More over spouse in case of absence of
partner may get unnerved by market volatility and lacks the
necessary discipline to create wealth over the long term. Beside
this there are three major challenges for long term wealth
creation.
1.Regularity
2, Temptation to withdraw

29. 3. Living till the goals are achieved
It’s quite unlikely for every parent to overcome the above
challenges and sufficient money may not be available for the child
education funds and so child plan is a must for all parents.

30. KARATE KIDS
PROUD DAUGHTERS OF
MR JIGNESH PATHAK
AND
MRS PINAL PATHAK
AGENT LIC OF INDIA
FROM BARODA IN THE TEAM
OF MR PUNIT BHATT DEV OFFICER

31. Introducing two brave little girls of our Agent Mrs Pinal Pathak from Baroda, Gujarat
Listen to her own words:
My two daughters Ms.Jeeya and Ms.Atri Jignesh PATHAK are black belts in karate.
My eldest daughter name is Jeeya Jignesh PATHAK her DOB is 22nd April 2006. She
joined karate at age of 5 on. 1.07.11. She got her black belt on 28. 06.15 at age of 9.
She then participated in the state competition for selection in 2015 Her photo published in
her school diary and also two times in divyabhasker Newspaper.
My younger daughter name Atri Jignesh PATHAK, her DOB is 17th January 2008.she
joined her karate class 1.02.13 at age of 5 years. She also got her black belt 11.12.16 at
age of 8 years.
Both girls have got 51 medals in different karate competitions.
! !
onft *r-*{-vgffir}Auq
All I 1l lt lA KAII -ZEII-RYU
KARATE - ITO ASSOGIATIO]IA I KKA Affi Iiated with : I R A N IA N KA N -Z E N - RY U KA R ATE- DO A SS OC/A fl ON
|KKAApproved by: ASTAN KARATE FEDERATION &WORLD KARATE FEDERATION
WKF Recognised by : INTERNATIONAL OLYMPIC COMMITTEE
$,trtitirutr of Wluth Thtlt
Ir{ame : ,At*ri oT fio/rlnl
This above mentioned person is here by promoted to the
rank of BLACK BELT of Karate in
recognition of the great progress made by
Diligent study of the art of Ka;n-Zen-Ryu Karatedo.
We Con gratulate him/trer for on this achievement and expect
continuous progress in the true spirit of Karate Do.
No.,' ,a
I fi* X[T- Date.: tt h t b at f
SENSEI JESAL PATEL
CHIEF INSTRUCTOR & TECHNICAL DIRECTOR
Kanzenryu Karate lndia
3r6m $rrfrq *q -e=T-Tg ffirt A riq
All I ]I ITIA KAN -ZEII.RYU
KARATE I ITO ASSOGIATIO]IA I KKA AffiIi ated with : I R A N tA N KA N'ZE N' RY U KA R ATE- DO A SSOC/A frON
IKKAApproved by : ASIAN KARATE FEDERATION & WORLD KARATE FEDERATION-
WKF Recognised by: INTERNATTONAL OLYMPTC COMMTTTEE
^-.
{,wtiti r u tt o f Wlutb TBuIW
Name :
This above menfioned person is here by promoted to the
rank of BLACK BELT of Karate in
recognition of the great progress made by
Diligent study of the art of Kan'Zen-Ryu Karatedo.
We Congratulate himlher for on this achievement and expect
continuous progress in the true spirit of Karate Do.
- 554 Date.: !fil( ''q
SENSEI JESAL PATEL
CHIET INSTRUCTOR & TECHNICAL DIRECTOR
Kanzenryu Karate lndia

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33. NEWS CHANNEL
THE HAPPENINGS
AT GOPAST
KUDOS TO THE TEAM AND ITS LEADER
MRS RAJALAKSHMI GOPINATH

34. INSCRIPTIONS QUARTERLY E MAGAZINE STARTED on April 2013
AND NOW INTO THE 24TH ISSUE. IT HAS A WORLD WIDE
READERSHIP
PALMLEAF PORTAL started on 14th April 2014 WITH ALMOST
ONE RESOURCE ADDED EVERY MONTH
STARTED SPEAK UP ENGLILSH course on 2nd February 2015
POSITIVE STROKES VOLUME 1 Published IN DEC 2017
TARGETING 1st January 2018 AS A NEW YEAR GIFT
POSITIVE STROKES VOLUME 2 PUBLISHED IN DEC 2018
TARGETING 1st January 2019 AS A NEW YEAR GIFT
E LEARNING CLASSES started on 1st July 2018 AND SO FAR 4
SESSIONS DONE
1) LEGACY PLANNING THROUGH LIFE INSURANCE
2) KEYMAN INSURANCE A RISK MANAGEMENT TOOL FOR
CORPORATES
3) GROUP GRATUITY SCHEMES
4) TIME MANAGEMENT A 48 HOUR CLOCK
AND THE 5TH SESSION SCHEDULED ON: 10TH JAN 2019 ON
EMPLOYER EMPLOYEE INSURANCE SCHEMES
APART FROM THESE PAID SESSIONS TWO FREE SESSIONS DONE
ON PALMLEAF USAGE

35. 35TH BATCH OF MISSION MDRT AT CHENNAI
TRANSFORMER COURSE BATHC

36. TEAM GOPAST