Inscriptions 18 july 2017

WALL NO: 4 PANEL NO: 2 06th July 2017
INSCRIPTIONS 18
TRUTH NEVER FADES 
HIGH LIGHTS OF THIS ISSUE
1) SCULPTOR INSCRIBES: MIND MANAGEMENT PART2- “REWIRING
2) GURUS SPEAK: FINANCIAL PYRAMID- RISK FREE GROWTH
3) CATERPILLAR SPACE: CBIL BY MR K K SRINIVASAN
CATERPILLAR SPACE: DONT JUDGE THE BOOK BY ITS COVER BY MR D BALU

 
R.GOPINATH
gopinathr@go-past.com
MIND MANAGEMENT PART 2


PLEASE CLICK THIS LINK FOR THE AUDIO VISUAL OF THIS ARTICLE:

https://www.dropbox.com/s/cpm6gxkwhqa4pgt/REWIRING%20-
%20Sculptor%20inscribes%20July%202017.mp4?dl=0

2) GURUS SPEAK
1) SCULPTOR INSCRIBES

PLEASE CLICK THIS LINK FOR THE AUDIOVISUAL:
https://www.dropbox.com/s/9sboxyh5vu3ueuo/
Wealth%20that%20grows%20and%20lasts%20forever%20July2017.mp4?dl=0
WEALTH THAT GROWS AND LASTS FOREVER
PRINCIPLE NO: 6 
“FINANCIAL PYRAMID”
3) CATERPILLAR SPACE

“RISK FREE GROWTH- THE PILLARS”
continued from the previous issue gopinathr@go-past.com
What is CIBIL
BY: K K SREENEVASAN
Credit Information Bureau(India) Limited, commonly known as CIBIL, is Indias first Credit
Information Company or Credit Bureau. It maintains records of all credit related activily of
individuals and Companies including all types of secured and unsecured loans . The
records are submitted to CIBIL by registered Members, banks and other financial
institutions on a periodic(usually monthly) basis. Based on this Data, cibil issues a Credit
Information Report or CIR and a credit score.
Cibil was Established in Aug 2000, RBI Siddiqui Committee guidance in order to bring
greater efficiency and transparency in the credit space in India. Trans Union International( a
global credit bureau) and Dun and Bradstreet (a global provider of Credit information
technical partners of CIBIL) in India. Cibil has two focus areas. A consumer Bureau that
deals with consumer credit reords and a commercial Bureau that deals with the records of
companies and Institutions. Totally, Cibil is a Database of credit information. It does not
make any lending decisions. It provides data to banks and other lenders who use it as a
quick and efficient resource to filter loan applications and give the loan to correct eligibility
person. So that the bankers can avoid huge risk and get the good customer. Presently Cibil’s
has 2600 members base include of all Leading Public and Private and foreign sector banks,
Financial Institutions, Non- Banking financial companies and Housing companies.
What is Cibil Credit Report :
A credit report is a comprehensive document that details an individuals or corporate
borrowingHistory and repayment record. It provides potential lenders with a detailed picture
of an individual and corporate credit worthiness based on past and current credit behaviour.
It allows Lenders to have quick access to accurate information when they receive new
applications for credit and allow them to make a faster and transparent lending decision. It
will give the credit score and Personal Loan score. The score start from -1 to 900. Normally,
-1 score will be given to the person who don’t borrow after 2000 and new person who
approach the bank for loan for first time. Score between 750 to 900 is very good score and
they can demand the good rate from bank for approaching the loan. Score Less than 700
will be treated very bad and poor track record earlier and bankers and others will not give the
loan for them, thought they give they charge higher interest to safeguard their loans with
other way of securities.
The Factors affects Cibil Score:
The most important factor in your credit score is your repayment history. Your payment
record forms 30% of your credit score. And normally the loans should be Mixed of Secured

and Unsecured basis, taking more unsecured loans like Credit Card more than two and
using the card maximum level with High credit limit and not paying the full outstanding of all
credit card payments on time and paying the minimum amount due plays a Substantial role
in getting less or poor credit score.
Important factors that impact your Credit score:
1. Making partial amount payment on cards.
2. Going for the settlement of any loans with lesser amount taking the waiver for interest
& Principle portion.(foreclosure or default payments)
3. Poor paying and delay paying of loans and such a Lengthy of poor Credit History
4. Number of hard enquiries and keeping the overdue amount in huge in many loans
etc.
How to improve your cibil score:
1. Check your cibil report on Minimum once in a year basis and if you found any discrepancy
you should file a dispute resolution to the bureau as per the norms with evidence.
2.Limit your credit card spending to less always, unless it is emergency, always use your
Debit card.
3. Keep your credit card balance Nil in every statement and pay outstanding amount fully.
4. Make the full interest in Gold loan on monthly basis otherwise the interest portion will
show as overdue.
5. Avoid going for the loans without proper reason and taking of continues loans and enquiry
made will be visible to all the bankers and the same will come with loan amt and date in
down page of the cibil which is warning sign to the bankers.
6. we should not give guarantee or co-applicant for unknown person or any one unless if
they are is close relative and can’t avoid. Because, If they don’t pay in time that also will
affect your cibil score.
7. Normally all the bankers have to update the loan closure and now days due to high work
load they are not doing that and it will continue in your cibil saying that the loan availed
status outstanding continue .. So, we have to have habit of collecting the NOC from all
bankers and financiers when the loan is closed.
How to correct if any dispute on cibil.
1. After we got the cibil if any discrepancy found, like loan not closed and still showing
and wrong details entered, we can directly write the mail to the bankers if we know
with CC to their Nodal officer ( as per RBI Norms all the bankers will have spl officer
to appointed for escalation issue to resolve the issue called nodal officers) and the
same will get done from bankers side to cibil.

2. If we not aware of loans entered by the members, we can quote the Control Number
( Every Cibil will have spl control running number on the top of the right side of the
report) ask the cibil to share the bankers name, they will give the details, then we
have to write to the bankers with CC to cibil and Nodal officer for the correction.
3. Normally this will take minimum of 15 to 30 days to get resolved.
4. The link to create the dispute in cibil as follows: https://www.cibil.com/dispute-
resolution and mail to be sent is info@cibil.com.
Presently the cibil head quarters is situated at Lower Parel, Maharashtra
Chairman is Sri M.V.Nair
MD: Sri Sathish Pillai.
Customer Service No. 022 61404300.

 
DON’ T JUDGE A BOOK BY ITS
COVER
Written by: D Balu
99% of the things Judged by its cover. Let me explain how? A simple example is
many people judged high priced commodities are good in quality. But, there is no
connection between the price and quality. The higher price may be ﬁxed due to
some other reason too (like monopoly, based on demand, new innovation, market
leader, Brand image etc.)
Similarly, by and large people believes that Systematic Investment Plan (SIP) in
mutual fund will not give a negative return in long Run. Let them assume 10 years
and beyond. If so, then why they put “Mutual fund Investment are subject to
market risk”. In my assumption, the fundamental principle of SIP is rupee cost
averaging. It may or may not give good return in long term. AMC people of MF
stand is also the same and they never talked about guaranteed return. They show
past performance of their fund and stating that past performance may not sustained
in the future. But people believes that it won’t give negative return.
To support that, Media and Financial magazines articles are also says that
Insurance products are giving low return and the Market linked investment will
give double digit return. Hence, their advice to the public is, separate Insurance
and Investment. By and large they recommend term assurance in Insurance
segment and Diversiﬁed Equity fund through SIP mode on investment part.
In addition to that, they motivate the people to choose the term assurance policy
instead of traditional conventional policy and that too online, not routed through

agents. In addition to that they advise to their viewers must compare the various
companies premium and select the cheaper one.
Similarly they recommend to the public to choose the SIP in mutual fund without
broker. Why because, the public should benefit out of NAV price difference. They
believed the commission to the intermediary is an extra expenses in both the case.
But they never talked about the role of intermediary or agent.
The role of the Intermediary is very essential. He helps the customer to make a
firm decision to purchase an intangible asset, it may be insurance or mutual fund.
When we compare the benefit to the customer in long run, the commission payable
to the agent is nothing to be serious. Let me coming to the subject,
I don’t think the investor should segregate the insurance and Investment. Please
understand that I am not against of any type financial system. Of course I believe
that one should select the financial product according to his need only. Neither
return nor risk.
In short, FINANCIAL NEED (FN) AND FINACIAL CAPACITY (FC) decides
the thing.
Here, I would like to introduce a Map of Human Life. There are three stages in a
human life.
AGE 0 TO 25 – He is depend with others
AGE 25 TO 60 – He is independent and care of his dependents
AGE 60 and above – He may be independent or depend his son or society.
At the age of 25 to 60 he need a professional agent advise to meet out his needs.
Early start is advisable.
The agent identified the following needs and choose the most important one.
1) How much a person required on his daily on going essential expenses?
2) How much he required to meet out his major responsibilities like education,
marriage and his retirement life? And also find out when it’s required? How
many years available to reach the goal?

3) How much he required for emergency purpose?
4) How much he required for full and final settlement of his borrowed capital
(if any)?
Based on their discussion, the agent understand the customer’s most important
financial need. But, that alone will not help him to give a solution. For that, agent
should also speak to the customer about his Financial Capacity. Identify his FN and
FC, matching them and give him a valuable solution. It may be term assurance or
regular conventional plan or combination of term assurance and conventional plan
according to the situation.
Regular traditional conventional plans are suitable for the essential future
commitment. For example higher education of a customer’s son, college fees is and
joining date is fixed it may not be postponed, by that time my customer need
money. Even the return of the conventional plan is little bit lesser but this plan
gives the money at the right time. Suppose if he choose market linked product and
the market is not favor at the time will he redeem it? If he is UN WILLING to
redeem it, how can his son join in the college? Can he able to postpone his son
college joining date? Here he should look at the guaranteed return instead of
higher return.
In case, his ambition is to make a world tour within two to three years’ time span
he may opt any other type of high return investment. Because, he may postpone the
trip if the market is not favor.
In simple,
1) Segregation of the Insurance and Investment is not correct.
2) Choose the plan according to the need. If the need is essential and it is time
bounded, choose the insurance regular conventional plan. Because it gives
reasonable return at the right time. In case of death, it gives the assured
death benefit to the right person and hand over the same to the right time.
3) If anything is not time bounded and not connected with essential need he
may choose any type of investment which he believes to give higher return.
4) Don’t buy term assurance only reason of it’s available at the affordable
price. Because FC and FN to be matched before taking insurance.

Finally, I agree online term assurance is available at reasonably lesser rate than
regular term assurance premium. But I think….
“Online term insurance policy is like a person driving a car without driving license.
It doesn’t mean that the person don’t have driving license met with an accident.
But, in case if the car met with an accident imagine the consequences”.
Think twice and act smartly.

WALL NO: 3 PANEL NO: 4 6 January 2017
 
MS. SOHA PATIL
DAUGHTER OF MR ABHAY PATIL, DEV OFFICER LIC OF INDIA, THANE

 
INSCRIPTIONS TEAM WISHES THE BEST TO MS. SOHA PATIL
AND PRAY GOD TO BLESS HER, THAT SHE BECOMES AN ICON
OF THE TENNIS WORLD FOR INDIA.
WE ALSO APPRECIATE THE SUPPORT OF HER PARENTS,
TEACHERS AND THE COACHES IN RISING HER TO THIS LEVEL

MR R.GOPINATH AND MRS
RAJALAKSHMI GOPINATH AT MDRT
ANNUAL MEET 2017 ORLANDO

 
MISSION COT TOT CASE STUDY BY MR ASIS BHARAN TEAM BARASAT

GENIUS GROUP LISC KOLKATA SOLVING
CASE STUDY

RESPONSIBLE TEAM WORKING
CORPORATE FINANCIAL RATIOS

PICS OF MDRT MEET ORLANDO

 
ADVANCE LEVEL RFG DELHI

Inscriptions 18 july 2017

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