A MAGAZINE FROM THE GOPAST CENTRE FOR LEARNING

Inscriptions 29
TRUTH STAYS FOREVER

PANNEL 2 WALL 8
 PAGE INDEX

Page CHAPTER Topic By

4 SCULPTOR SCULPTS
PROGNOSTICATE YOUR FUTURE AND DESIGN
YOUR DESTIY
MR R.GOPINATH

15 GURUS SPEAK ACT BY PRINCIPLES MR R.GOPINATH

27 CATERPILLAR SPACE
EMPLOYER-EMPLOYEE INSURANCE SCHEME- A
WELFARE MEASURE
MR NAYAN
BHOWMICK

31 WE ARE PROUD OF
MS SHREYA THE KATHAK DANCER AND
TEACHER, D/O MR DHANANJAY BHOJANEJI

34 WE ARE PROUD OF
MS R C NITYA SREE THE BEST CADET, D/O MS
CHANDRAKALAJI

36 GALLERY AND NEWS PICS OF A FEW SESSIONS AND PARTICIPANTS

SCULPTOR INSCRIBES

R.GOPINATH
 PROGNOSTICATE YOUR FUTURE
AND
DESIGN YOUR DESTINY
R.Gopinath

gopinathr@go-past.com

We are the architects of our future. We have heard this many times
in our past. To a large extent we believe it also. But what we don’t
know is, how do we architect our future. If we were to be the
architect of our lives then how is it that we get things that we don’t
want to. How is it that the situations that we didn’t want, in reality
happen in our life. At times, even those things that we want the
most, and having worked for it, gave a miss to our life and it don’t
happen. We have been disappointed many times like this. Then
how at all can we agree to this statement “We are the architects of
our future.

The definition of architecture “The art and science of building, esp.

the art of practice of designing and building edifices for human
use, taking both aesthetic and practical factors into account.”
Quote: https://medium.com/@AAA_Publication/what-is-
architecture-1b52f5339c2a.

If we transpose this statement into our life science: The art and
science of constructing, esp. the art of practice of designing and
constructing events of our choice in the human life, taking both the
spiritual, emotional and the practical factors into account.

The definition seems to be ok, but the question is how do we do it?

Expectation: Our thoughts about our future. The feeling that

something will, or should happen.

One of the most impacting force we have in our life is our power of
expectations. Whatever we expect to happen, does happen. We
have experienced this many times in the past. What exactly is the
connection between our expectations and the law of the nature or
destiny that is governing our lives? Let us examine this. But before
we venture into finding out that connection, let us see some
evidences that prove the statement “Whatever we expect to
happen; happens.

The case of Misdiagnosis: Sam Londe.

Dr Joe Dispenza narrates a medical incident (history) that he had

come across in his study. The name of the patient is Sam Londe. A
sales person, had difficulty in swallowing. He eventually went to
see a doctor, who discovered that Londe had metastatic
esophageal (food pipe) cancer. In those days, metastatic
esophageal cancer was considered incurable; no one had ever
survived it. It was a death sentence, and Londe’s doctor delivered
the news in an appropriately somber tone. To give Londe as much
time as possible, the doctor recommended surgery to remove the
cancerous tissue in the food pipe and in the stomach, where the
cancer had spread. Trusting the doctor, Londe agreed and had the
surgery. He came through as well as could be expected, but things
soon went from bad to worse. A scan of Londe’s liver revealed still
more bad news: extensive cancer throughout the liver’s entire left
lobe. The doctor told Londe that sadly, at best, he had only months
to live.

So Londe and his new wife, arranged to move 300 miles to

Nashville, where Londe’s wife had family. Soon after the move to
Tennessee, Londe was admitted to the hospital and assigned to
internist Clifton Meador. The first time Dr. Meador walked into
Londe’s room, he found a small, unshaven man curled up
underneath a mound of covers, looking nearly dead. Londe was
gruff and uncommunicative, and the nurses explained that he’d
been like that since his admission a few days before.

While Londe had high blood-glucose levels due to diabetes, the

rest of his blood chemistry was fairly normal except for slightly
higher levels of liver enzymes, which was to be expected of
someone with liver cancer. Further medical examination showed
nothing more amiss, a blessing considering the patient’s desperate
condition. Under his new doctor’s orders, Londe begrudgingly
received physical therapy, a fortified liquid diet, and lots of nursing
care and attention. After a few days, he grew a little stronger, and
his grumpiness started to subside. He began talking to Dr. Meador
about his life. He stated how his wife married him even after
knowing that he is counting his days, and how he felt indebted to
her for the comfort she has given him.

Once Londe finished the story, the doctor, amazed by what he’d
just heard, asked with compassion, “What do you want me to do
for you?” The dying man thought for a while.

“I’d like to live through Christmas so I can be with my wife and her
family. They’ve been good to me,” he finally answered. “Just help
me make it through Christmas. That’s all I want.” Dr. Meador told
Londe he would do his best.

By the time Londe was discharged in late October, he was actually

in much better shape than when he had arrived. Dr. Meador was
surprised but pleased by how well Londe was doing. The doctor
saw his patient about once a month after that, and each time,
Londe looked good. But exactly one week after Christmas (on New
Year’s Day), Londe’s wife brought him back to the hospital.

Dr. Meador was perplexed to find that Londe again looked near
death. All he could find was a mild fever and a small patch of
pneumonia on Londe’s chest x-ray, although the man didn’t seem
to be in any respiratory distress. All of Londe’s blood tests looked
good, and the cultures the doctor ordered for him came back
negative for any other disease. Dr. Meador prescribed antibiotics
and put his patient on oxygen, hoping for the best, but within 24
hours, Sam Londe was dead.

This story seems to be like a typical cancer diagnosis followed by

an unfortunate death from a fatal disease.

The hospital performed Londe’s autopsy. The man’s liver was, in

fact, not filled with cancer; he had only a very tiny nodule of cancer
in its left lobe and another very small spot on his lung. The truth is,
neither cancer was big enough to kill him. And in fact, the area
around his esophagus (food pipe) was totally free of disease as
well. The abnormal liver scan taken at the St. Louis hospital had
apparently yielded a false positive result.

Sam Londe didn’t die of esophageal cancer, nor did he die of liver
cancer. He also didn’t die of the mild case of pneumonia he had
when he was readmitted to the hospital. He died, quite simply,
because everybody in his immediate environment thought he was
dying. His doctor in St. Louis thought Londe was dying, and then
Dr. Meador, in Nashville, thought Londe was dying. Londe’s wife
and family thought he was dying, too. And, most important, Londe
himself thought he was dying. Is it possible that Sam Londe died
from thought alone? Is it possible that thought is that powerful?
And if so, is this case unique?

The above story has been extracted from :http://

www.youaretheplacebo.com/is-it-possible/ we have edited it
slightly to reduce the length of the story.

We have heard of such stories of Self-fulfilling prophecies in every

aspect of life. Be it the marks that a student expects to get in his
subjects or the politician who expects to get a berth in the cabinet,
or as in the above case either improvement or deterioration of the
disease of a patient, the science of self fulfilling prophecy works.

Let me give you one more example:

Rosenthal and Jacobson held that high expectations lead to better

performance and low expectations lead to worse, both effects
leading to self-fulfilling prophecy. The targets of the expectations
internalize their positive labels, and those with positive labels
succeed accordingly; a similar process works in the opposite
direction in the case of low expectations. (Pygmalion effect*
explained later part of this article)

All students in a single California elementary school were given a

disguised IQ test at the beginning of the study. These scores were
not disclosed to teachers. Teachers were told that some of their
students (about 20% of the school chosen at random) could be
expected to be "intellectual bloomers" that year, doing better than
expected in comparison to their classmates. The bloomers' names
were made known to the teachers.

At the end of the study, all students were again tested with the
same IQ-test used at the beginning of the study. All six grades in
both experimental and control groups showed a mean gain in IQ
from before the test to after the test. However, First and Second
Graders showed statistically significant gains favoring the
experimental group of "intellectual bloomers". This led to the
conclusion that teacher expectations, particularly for the youngest
children, can influence student achievement. Rosenthal believed
that even attitude or mood could positively affect the students
when the teacher was made aware of the "bloomers". The teacher
may pay closer attention to and even treat the child differently in
times of difficulty.

Rosenthal deduced that elementary school teachers may

subconsciously behave in ways that facilitate and encourage the
students' success.

Extracted from: https://en.wikipedia.org/wiki/Pygmalion_effect and

preci write suitably to fit the length.

*Pygmalion effect; This word is coined from a Greek mythology that

there lived a sculptor Pygmalion who sculpted a statue of a girl.
The creation was so beautiful that, he fell in love with that girl
(statue) and he expected that she will come alive and marry him.
He sat before the statue for a few days with this expectation. The
story goes to say that the Greek God Venus took mercy on him and
brought the statue alive. Then both got married.

By and large expectations can be of two types, hoping that

something good to happen or something bad to happen. If for
some reason we expect bad things to happen to us, then we are
creating such events to happen in future.

A salesperson making a call to a prospect, is expecting that it may

NOT go so well today, gets a negative response from the prospect,
as expected. An artist feeling that his performance before a vip
audience, that evening, may not be appreciated by them as their
levels are very high, gets critical comments at the end of the show.
Are these instances of bad coincidences? or Bad luck?

A student feeling that this exam is going to go well for him,

experiences an easy exam. A girl hoping to get the job in the
interview gets it. Are these instances of good coincidences or good
luck?

Look at the picture below (Pic: 1):

Receives information form the outer world. This information is

interpreted by the brain. The brain uses existing data to make a
sense of this information. Then an internal communication starts.
Brain talks to the brain. Brain in its protective role creates an
anticipation (expectation). It gets prepared for that event. This
cycle of internal communication triggers neurons flowing into the
neuro connections. The various organs of the body respond (obey)
to the call given. (Pic: 2). This produces action. For example the
mouth speaks or becomes dumb. The hands take the grip or lets it
loose, the legs run faster or freeze like two poles, the lungs pump
more or they slowdown and so on… All these happen as directed
by the brain. We may not even be aware about these actions. They
happen at a conscious level, sub-conscious level and even at an
unconscious level.

 Pic: 2

These actions in combination produces the results that they are

bound to instantly, or after sometime or far later in future. Like a
puppeteer pulling the strings and the puppet dances, your brain
uses neuro-connections to make your body dance to its tunes.
(Pic: 3)

Pic: 3
Sam Londe’s body was preparing for his death, it got postponed
because of a new expectation (Dr Meadore’s implied assurance of
life till Christmas) and then returned to the old mode and made it
happen in 2 days time (negative expectation). Rosenthal
experiment, took the teachers a while to produce the results
(Positive expectations).

Mathematically expressed as under:

Information+ Beliefs/Biases=Expectations.

Expectations= Surge of neurons

Neurons= Actions

Actions= results

that is to say Expectations = Results.

Now comes the question “Is it possible to alter this process?” Can
we take control over this sequence and change a negative
expectation, into positive expectation?

Is it possible to change the track of the Inter nal

communication, which is strengthening the mere information
received into “powerful expectation”?

Yes it is possible. If we follow the six steps given hereunder it is

possible to change expectations that are harming our future into
expectations that construct our future the way we want. (Pic: 4)

Pic: 4
First step: Awareness: we must be sensitive to our thoughts and
expectations. For example:

1) I am going to fail this time.

2) This crisis is going to wipe me out.

3) My performance will not impress these people

4) My future appears bleak

5) This subject is too tough for me

6) I don’t think she will like me

7) It always gets away from my hand, at the last moment

8) I may miss the dead-line.

and so on.

Such expectations can be about our children or friends also:

For example:

1) My daughter is very weak, she can not stand testing times

2) My son can not interact with intellects

3) My children will not follow my advice

and so on.

There can be logical reasons behind these expectations. But these

are not going to help us.

Whatever we expect to happen; happens. (Self-fulfilling

prophecies). Therefore the first step is to become aware that we
are having such expectations (negative)

The second step is to create desire (will power) to change it.

Develop motivation to do whatever it takes to change. Never go by
the flow and reconcile into yourself, that you will always remain the
same. Don’t accept any argument against your changing course.
"DNA, It is in your genes, your time is bad, Your horoscope is like
that, and any number of such arguments. But never submit to such
arguments. Get prepared to change. Inspire yourself with the need
to change course. If the internal communication continues in the
earlier pattern, you will be producing the same results, you have
been so far achieving. Therefore get motivated to intercept the
internal communication and chart a new course.

The Third step is to generate a self-talk. Talking to self, verbally.

The “desired positive” expected.

For example:

1) My daughter is becoming stronger, she will be able to face

testing times

2) My son with some training, will be in animate dialogue with

intellectuals

3) My children will listen to me. I will have to try and improve

them.

4) I have made preparations, and will do more, therefore i will

succeed this time

5) We have seen crises earlier and we have survived all of them,

this one also will pass. We will fight it out and win

6) The subject needs more attention from my side, if i pay

attention to it keenly, i will be able to master it.

and so on…

The Fourth step is to start imagining the positive happening.

Envisioning the positive outcome.

Dr Viliaynur Ramachandran is known for his wide-ranging

experiments and theories in behavioural neurology, including the
invention of the mirror box. He is a distinguished Professor in
UCSD's Department of Psychology, where he is the director of the
Center for Brain and Cognition. He has done extensive studies on
the neurones, neuro-connections and neuro-plasticity. He says in
his book “Phantoms in the brain”, that imagination is a self
generated thought and produces exactly the same connection as a
real thought will do.

The Fifth step is to take the help of senses. That is to say use
your visual and audio senses to strengthen your positive
expectations. Start reading books, journals, and articles that
support the change in you. See videos of lectures and
presentations that will support your new expectation. Listen to
audio tapes that will support. Even spiritual scriptures that build
optimism.

Because any information flowing into the brain comes through your
senses. The past biases and beliefs have developed in you, mostly
by what you have seen, heard and experienced. So far it was
automatically taking place. But now you start designing it.

The sixth step in this process is to repeat 1,2,3,4 and 5 steps

again and again. When this process is done at regular frequency
then your expectations get shaped the way you want. Once such
re-program fixes itself in your brain, then new neurons firing
through new neuro-connections, your body organs start
responding to the new orders of the brain. You act differently from
the past and produce different results that you have always
wanted, but could not believe will happen.

If you are in leadership positions in organisations and you want to

change the expectations of the team that produces mediocre
results or even better shape your own expectations of them, follow
this process, you will be a better leader, even do better parenting.

We are the architects of our future. Let us prognosticate our future

and fulfil the prophecies and design our destiny the way we want.
GURUS SPEAK

R.GOPINATH
 ACT BY PRINCIPLES
(PART 1)
R.GOPINATH
gopinathr@go-past.com

Whenever we are faced with multiple options, we can easily get

confused. Every option will have its own plus and minus. All plus
will be tempting and all minus will be scary. Deciding on a single
option or a few of them will be a big task. Even after having
decided to pursue one option (using whatever our intelligence
selects for us), we still are not fully comfortable with our decision.
We still feel if we have left out another useful option for the one we
have selected now. In hind-sight other options seem to have been
a better one. How do we handle this situation confidently and also
have peace post making the choice?

“Act by Principles”

Yes, that is the answer. Always stick to principles. Because

principles operate across territorial borders, time zones, eras and
trends. Principles never change. They are constant. They are
universal.

When people violate (or ignore) principles they will be torn between
emotions and logic. This is applicable to the investment decisions
taken by investors.

Look at this pic: This is an extract of the finding of Dr Daniel

Kahnenman about how investors behave in stock market (for that
matter in any market).

You would also have observed that the fund flow into and out of
the market are almost parallel to the price index. People buy stocks
in the rise and buy heavily towards the peak (Zenith). When market
shifts its moving direction, people start selling and they literally run
away towards the Nadir point.

The sellers of the equity funds become energetic as the markets

move up. They pass on their optimistic energy to the prospects.
One aspect that attract people the most is the prospective return
on investments. They go by the past performance of the fund to
estimate ( incrementally estimate) how much ROI is likely for them.
The media is used by fund manufactures to constantly tell people
that their funds are the tools to construct a luxurious future for even
middle class people. They have to save less, and the fund returns
will take care of inflation, and provide them lots of surplus.
(meaning, they have the freedom of spending more now). It will
make middle-class people rich and the rich made into super rich.
This suits the need of the retail investors. When even for a little
while they get the confirmation of having taken the right decision of
taking the risk of investing, they become over confident. Euphoria
sets in. Over confidence sets aside the caution required in life. The
ratios, and theories are meant for others, not for us. Once the profit
comes then everything will even out. Behaviourial finance experts
repeatedly say over confidence destroys wealth more than
conservatism.

Principles like these (7 examples given here) are laughed at and

even mocked saying this generation is orthodox and can not catch
up with modernity.

1) Save more and spend less

2) Regularity is the key to wealth

3) Simplicity is a big strength, Snobbishness is a big weakness

4) Purpose decides the choice of investment

5) Minimum levels of not negotiable goals have to funded in risk

free instruments

6) More than ROI it is the volume of money available that saves

us.

7) Follow Financial Pyramid

I will list out some ratios (only basics) and some theories that have
been discovered and formulated over centuries of research. To do
this i will use the live data so that the understanding will be clear
and the reading will be interesting.

This box gives you some ratios and the performance of BSE
Sensex in the last 20 years.

1) Standard Deviation:

Definition: In statistics, the standard deviation is a measure of the

amount of variation or dispersion of a set of values.[1] A low
standard deviation indicates that the values tend to be close to the
mean (also called the expected value) of the set, while a high
standard deviation indicates that the values are spread out over a
wider range.

In investment arena Standard Deviation indicates the Volatility. The

higher the SD the more volatile the investment has undergone. It
means it was more riskier than another portfolio that might have
given the same growth but with a lower value of SD.

Look at the SD of Sensex:

Now look at the Chart:

The standard Deviation during this period is: 44.29. Very High.

The yellow silhouette represents the range of the dispersed values

and the horizontal dotted line is the mean value. Is it advisable for a
person with limited resources invest in this portfolio towards a
Not-negotiable goal in life, and that too for the minimum amount
required then?

Does this chart also indicate that all investors of this portfolio
during the same time frame would have got the same returns or the
same volume of money in the end? Look at this table: Mr Akash
invested in Sensex as under:

Amount available:
IRR
Please take a look at another investor, Mr Prakash, investing the
same amount in total, but his style of investment is different :

Amount available:
IRR
Did you notice that the amount available on maturity for Mr
Prakash is more than what Mr Akash got? Both of them had
invested in the same portfolio, but made different results.

Mr Sukumar did a constant investment of 12,00,000 every year,

See what he achieved:

Amount available:
In terms of IRR Mr. Sukumar scored less than Mr Prakash, but in
terms of volume of money he had more than What Mr Prakash had
achieved. (5.34+.50=5.84 which is < 6.00)

Now let us take a look at another important ratio: Sharpe Ratio.

The Sharpe Ratio is a short-hand method to evaluate the

relationship between the return and risk (volatility) of an asset. 
When William F. Sharpe first published his research in 1966 he
called his ratio the “reward-to-variability” ratio.  Today the measure
is widely used to show risk-adjusted return.  The calculation for the
Sharpe ratio is the return of an asset in excess of cash divided by
the volatility of that asset over that same period. Generally
speaking, the higher the Sharpe ratio the better. 

It is arrived at by the following formula:

(Returns of the portfolio - Risk free return) / Standard Deviation

Incase of Mr Akash the Sharpe ratio can not be worked out

because even after taking a risk of investing in a portfolio which
carried a Standard Deviation he could not beat the risk free return
of 6.22% during this period.

In case of Mr Sukumar who went for a regular investment the

Sharpe Ratio works out to a meagre 0.0427%, that is to say that
for every unit of risk he had taken he gained just 0.0427 yield more
than a safe investment.

The next ratio that we will look today is Sortino Ratio: The Sortino
ratio is used to score a portfolio's risk-adjusted returns relative to
an investment target using downside risk. This is analogous to the
Sharpe ratio, which scores risk-adjusted returns relative to the risk-
free rate using standard deviation:

Portfolio return- risk free return/ the distribution of the downward volatility

In the case of Mr Sukumar the Sortino Ratio will work out to 0.11

See this table the column I represents the deviation of only the
downward risk: (which works out to 17.69)

The last ratio in this series that we will look at today is Treynor
Ratio:

We had in our previous issue of inscriptions explained the concept

of ß in a portfolio. Treynor Ratio works in this angle.

The Treynor reward to volatility model (sometimes called the

reward-to-volatility ratio or Treynor measure[1]), named after
Jack L. Treynor,[2] is a measurement of the returns earned in excess
of that which could have been earned on an investment that has no
diversifiable risk (e.g., Treasury bills or a completely diversified
portfolio), per unit of market risk assumed.

The Treynor ratio relates excess return over the risk-free rate to the
additional risk taken; however, systematic risk is used instead of
total risk. The higher the Treynor ratio, the better the performance
of the portfolio under analysis.

In the above case of Mr Sukumar the Treynor Ratio works out to

just 1.88 assuming that the fund he had invested gave an yield of
9% and carried a ß of 1.48

Keep these Ratios in mind, as I will continue the discussion on this

topic ‘Act by principles” in the next issue under part 2
CATERPILLAR SPACE

Mr Nayan Bhowmick
 Employer-Employee Insurance Scheme—a Welfare measure

“If prospecting is where the raw courage is needed in dealing with rejection, it is face to face where
our skills really come to play. Skills in dealing with people, skills in assessing the prospect’s needs and
wants his motivation. Skills in taking the complex products we deal with and explaining them in a
simple of understandable way in order that our prospect can see the benefit” –Tony Gordon. Let us
make our approach interesting, impressive and ‘his benefit’.

Employer – Employee Insurance Scheme is a bit complex but if we can place this scheme in front of a
selective band of customers or clients, it will definitely create an impression of “His benefit”.

An employer cannot sustain high productivity growth without totally involving the individual who is
closest to the work and therefore knows it better than those who manage it. A committed employee
is more likely to help retain a customer. Physical capital of an employee is needed for an employer.
But the concept of protecting the intellectual capital is as important as protecting physical capital.

Why Employer – Employee scheme:-

1) Welfare Measure: - An illuminated, enlightened and prudent employer may like to make a
provision as a welfare measure through life insurance for the dependents of the employee in case of
employee’s early premature demise and old age provision for employee himself. This may constitute
one of the service benefit provided for the employee.

2) Encouragement for employee: - An employee may hold the life insurance policy as sufficient
inducement and encouragement for the employees to continue with him since the employer has to
spend considerable amount of money and time to train a new employee. Besides the employer may
lose some of his trade secrets as well as skill gathered over years of experience due to exit of such
employees.

3) Reward: - An employer may desire to give certain additional benefits to his select band of
employees as a reward for good service of who could not be otherwise compensated.

4) Security:-This scheme provides employee with long term and short term security against
premature death, illness, accident or disablement without paying for the same.

5) Employee needs not to face pain about buying and administering the policy.

Under the employer- Employee Insurance scheme, any employer can decide to propose for
insurance on the lives of the designated Executives or Employees of his company .Besides the
benefits enlisted in term of money, such scheme will generate job-satisfaction for employees’
continuity of services with devotion and personal involvement, especially under the present era of
professional competitiveness. Providing the protection of insurance of the employee will raise the
sense of security in the minds of family members of the employee where the security of ancient joint
family is missing.

Long term care insurance is not available in our country. But policies under Employer Employee
Insurance Scheme are offered as an incentive for committed employees to purchase long term care
insurance to some extent. They provide insurance coverage and allow for protection of family that is
not available through other long-term service benefits.
Requirements

The proposals from employers on the lives of employees are considered for acceptance provided the
following conditions are satisfied:-

(a) The proposals will be treated as individual proposal from the employees concerned,
irrespective of whether the proponent is an employer or employee.
(b) The maximum sum assured shall be determined in terms of the rules relating to financial
underwriting for individuals assurance taking into account the existing life insurance on the
life of the individual.
(c) If the employer is the proponent, the policy shall be assigned to the life assured at the
earliest as per the agreement between employer and employee.
(d) The proposal should be signed by a person authorised by resolution preferably by one of the
directors of a public or private company.
(e) Moral hazard is a critical area and that needs thorough examination.
(f) Form NI 340 has to be used for this purpose.
(g) The employer should be a well-known reputed commercial organization.
(h) The employer in consultation with this owns legal advisor may prepare the wordings of
assignment.
(i) In some instances, employer may like to finance loan towards payment of premium to the
employee; proposal form 300 may have to be used in such cases. The policy issued may be
assigned to employer as a collateral security and reassigned to the policy holder on
redemption of the debt.
(j) It is not necessary that all the insurable employees of the employer be covered under this
scheme.
(k) Companies, well-established partnership firms or even proprietary firms, may avail of the
scheme. If the firm proposes for insurance on the life of partner, the said partner must not
be having substantial share in the capital of the firm.
(l) Shareholding of the employee should be less them 51% and family holding (i.e his/her
spouse and minor children) should be less them 71% in the employer company.

Tax implications

1) The insurance premium paid under Employer – Employee Insurance Scheme on the lives
of employees is deductible as 100% business expenditure under section 37 (1) of the
income Tax Act, 1961. (Subject to the conditions satisfying this section. Can not be
automatic)
2) The cover arranged for the benefits of the employee covered and the premium paid will
attract the provision under section 17(2)(V). The premium paid by the company is
treated as perquisite in the hands of the employee.
3) The premium will be eligible for rebate to the individual employee under section 80C of
the income Tax Act.
 4) The maturity or death benefit will be exempt from income tax under section 10(10)(d) of
the income Tax Act ,1961 . (Subject to the conditions of how and by whom the premium
was remitted and the nature of the plan)
5) It is essential on the part of employer to commit with their own chartered accountant or
Tax advisor

Plan Allowed:-

Employer – Employee Insurance Scheme is allowed under all the plan of assurance.

Sources for prospecting

1) Internet sites
2) Library
3) Company reports and accounts.
4) Investment analyst report
5) Relevant Govt. departments
6) Trade Journals
7) Local /National News papers
8) Job advertisement
9) Small companies / firms (where group insurance cannot be given).

Prospecting Employer- Employee Insurance scheme through semi- influential

A) Heads of finance (interested in finance only of the company).

B) Secretaries (Having suggestive capacity)
C) Receptionist (as gate keepers and information providers)
D) Influential friend (can work as guides)

The various ways to restrict brain drain is more wages, more incentives , more perks ,more facilities
and more promotions . Always a very few employees are excellent workers , so company can honour
them by giving promotion , but again it is one time affair . The continuous way of honouring to this
selective Employee is by giving them insurances policy as a gift. The benefits to company are tax
benefits, employees increasing loyalty, increase in efficiency of employee, retention of good
employees and image building in the minds of employees, customers and shareholders.

;
;
PROUD TO BE
ASSOCIATED

Ms Shreya
We are very happy and proud to share the achievements Ms. Shreya who is a proficient
Kathak  artist. She from her childhood is very much interested in reading books and
hearing stories. Ms Shreya is the daughter of Mr Dhananjay Bhojane, Senior Business
Associate - Thane.

One day her mother took her to the' Nithyadhara Kathak Dance and Reasearch Institute.'
There she  met her guru  ' Muktabala  Joshi '  a senior disciple of a well known Kathak
artist, Padmashree Dr. Roshan Kumari Ji. At the age of 8 , she gave her first stage
performance at ' Atre Auditorium'  ( kalyan ) . From there onwards her passion and
confidence level increased. Representing Nithyadhara Dance Institute, she has performed
at  National dance fest of karnarak, Nazakat all india dance fest mumbai, Natyanjali
mumbai, Sanskriti arts festival thane, IIDF Mumbai, Dadar matunga cultural centre and
many more

She had been invited for culrural festivals at Mauritius, Indonesia, Vietnam, South
Korea in 2009, 2014 ,2016 and 2017 respectively.

Each of these performance developed courage, confidence and grace in me.I

acquired  identity as a kathak dancer with respect while performing abroad.
Kathak is originated from Uttar Pradesh.There are three 'gharanas'.(dance styles) in
classical kathak namely Jaipur, Banaras and Lucknow gharana.We follow jaipur style
in which strong and graceful foot work is shown which is inspired by Lord Shiva's
Tandav Nritya. In her words,” I completed my graduation in kathak and attained '
Visharad ' degree under the able guidance of my guru. She hold my hand to assist
her and i truely stood in my life as a kathak artist.
I will say Classical kathak completes you as an artist.It gives you strength, improves
your physique, makes you positive. Your graceful movments distinguish you as a
kathak dancer.

 In the modern hectic and stressful era, dance bestows upon you peace of
mind,happiness,health and prosperity.
1.National dance fest of karnarak
2.Nazakat all india dance fest mumbai
    Natyanjali Mumbai 
3.Sanskriti arts festival Thane 
4.IIDF Mumbai
5.Dadar matunga cultural centre and many more
6.We were invited for the culrural festivals at Mauritius, Indonesia, Vietnam, South
Korea in 2009, 2014 ,2016 and      2017 respectively.

Each of these performance developed courage, confidence and grace in her and
acquired  an identity as a kathak dancer. 
Kathak is originated from Uttar Pradesh.There are three 'gharanas'.(dance styles) in
classical kathak namely Jaipur, Banaras and Lucknow gharana.We follow jaipur style
in which strong and graceful foot work is shown which is inspired by Lord Shiva's
Tandav Nritya.
She has completed her graduation in kathak and attained ' Visharad ' degree under
the able guidance of her guru. 
PROUD TO BE
ASSOCIATED

Ms.R C Nitya Sree

We are very happy and  proud to share the achievements of Ms R C Nithya Sree, who is
studying 10th standard in Kendriya Vidhyalaya, Adyar.  Her main aim is to become IAS
officer . Yoga and Contortionist ( an entertainer who twists and bends their body into
strange and unnatural positions) is her passion which is an art and science of healthy
living. 

Recently on 31st October 2019 she got the CWS Best Cadet Award issued by NCC Group
HQ Madras 'A'. She had an opportunity to have a get together with our honourable Prime
Minister Sri Narendra Modi ji also she was honoured by our honourable educational
minister Sri K A Sengottaiyan. Hereby please find enclosed the photographs related to
this. 

Ms Nitya Sree is the daughter of Ms. S Chandrakala, Insurance agent D.O. T S Venkata
Siva Subramaian)
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