A MAGAZINE FROM THE GOPAST CENTRE FOR LEARNING

Inscriptions 34
TRUTH STAYS FOREVER

JULY 2021

 PAGE INDEX

Page CHAPTER Topic By

LegenD
3 SCULPTOR SCULPTS
From L to D
MR R.GOPINATH

CO-CREATING THE LIFE

21 GURUS SPEAK
INSURANCE PLAN
MR R.GOPINATH

FAMILY A MUTUAL
38
MRS SAVITA HARSH
CATERPILLAR SPACE
ENTERPRISE PILLAI

MR ROHIT
44 WE ARE PROUD OF A PASSIONATE CRICKETER
AND AN ARTIST

SCREEN SHOTS OF THE

46 GALLERY
SESSIONS IN PROGRESS
SCULPTOR INSCRIBES

R.GOPINATH
 LEGEND

From L to D

R.GOPINATH

gopinathr@go-past.com

If we trace the movement of a vast majority of the

people on this Earth, it will appear like the picture
shown below: From P to P in 5 years or even 10
years. There has been no big progress. They have
managed to just maintain their positions. Even though
in these 5/10 years they would have grown in age,
experience and knowledge, their lives still remain the
same.

Pic 1

We will also come across people who move from P to

D as shown in the picture Pic2. I believe that almost
everyone on this planet will have some dream or
other or even multiple dreams. There can hardly be
anyone who has not had a dream. Dreams show us a
much bigger and better version of ourselves. Dreams
show a bigger and better life than the one that we are
now having. Dreams thereby become the harbinger of
progress in life.

Pic 2

But only a few people pursue their dreams, many

others think meekly that some miracle will happen
and their dreams will come true by itself. While others
are busy moving from P to P in this picture. There can
be many reasons for abandoning the dreams or not
pursuing them actively. One of the major reasons is
while dreaming is relatively e ortless, pursuing it
consumes lots of e ort. Look at the blue path
between P and D. It is quite steep. It might also
contain lots of hurdles on the way. This is the reason
that only a few pursue their dreams and raise
themselves from P to D in life.

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Sometimes destiny plays tricks with people and while
they are in pursuit of their dreams, they are pushed
down to a Loss (L) position. They suddenly face this
jolt in life and instead of progressing towards their
dreams on the planned path of P to D, they fall into
the valley of L. (See Pic3)

Pic 3

Now what are the options with such people 1) Try

maintain L to L, 2) Work hard to move from L to P 3)
Pursue the dreams and chart a new path L to D. Let
us address such people as “Legends” in this article.
See Pic 4

 Pic 4

What we must note here is that they did not fall from
P to L due their laziness, procrastination, indi erence
or negligence. They have been pushed to L by forces
beyond their control like an accident, recession,
calamity, war or a Government policy. Yet they still
pursue their dreams and most of the times they
achieve it too.

Let me share a story of a girl by name Ms Roshan

Sheik. A bright and hardworking student that she
was, she carried a dream of becoming a doctor. If she
succeeded in achieving it she would be the rst
doctor in her village. In all the past decades no body
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has ever graduated in medicine to become a doctor
in her village. So even to pickup a dream of that size
needs lots of courage.

At her age of 17 while travelling by a crowded local

train in Mumbai, she fell from the moving train as it
was entering station. She was admitted to the
hospital with grievous injuries. Both her legs were
amputated from thigh below. After a gruelling post
operative care she got back home in 2 months time,
with a 86% disabled certi cate from the operating
surgeon. She focussed on her education and scored
top of her school also earning a place in the top 50 of
the state. When she made her applications to the
Medical colleges to join MBBS, she was turned down
quoting her disability, as the medical science
education demands hours of standing to perform all
those dissections. She moved a petition in Mumbai
High court challenging her rejection inspite of being
academically quali ed for the admission. The court
ruled in her favour. She excelled in all the papers and
completed her 5 years of study and internship with
great scores. Her professors are very proud of her
and they say that she never claimed any concession
or exemptions quoting her physical condition. One
professor quoted, “She used to stand on her
prosthetic legs for 3 to 4 hours during the lab periods
and in the operation theatres and would not even
seek a 5 minutes break to sit down and rest. She
says to the world in her televised interview that, “If
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with 86% disability, I could pursue my dream of
becoming a doctor and could achieve it, you all can
achieve whatever you dream of, with your
commitment to your dreams.”

Dr. Sheik is a tting example of the movement from L

to D (Pic ). Now Dr Roshan Sheik has set a new
dream for herself to pursue, that is to become a
Surgeon which we know could be very demanding on
this lady with 86% disability.

Let us quickly see the fall from P to L in her case. It

was not self initiated. An accident happened and a 17
year old, who could walk well in the morning, lost her
legs in the afternoon. How much physical trauma she
would have undergone due that accident? How much
of emotional su ering she would have undergone to
admit that she has lost both of her legs? Is it a
recoverable loss like somebody losing a job or falling
ill with u. NO. It is an irrecoverable loss.

We are seeing her at this stage when she has already

achieved her dream of becoming a doctor. But
suppose we go back to that day when the accident
happened and walk with her till she completed her
MBBS, how would that be like. Could it be an easy
walk? Would it be eventless? Would it be without
rejections? without falls? without being verbally
mocked?

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 No she would have seen all that. She would be
ghting almost every day, every step forward towards
her dream. Individuals, systems and societies would
have tested her perseverance a lot.

It is not a singular case of L to D. But we would have

come across such instances in a lot many occasions.
If P to D was steep and challenging. L to D should me
multiple times more challenging and almost a
perpendicular climb. What drives the movement from
L to D?

Pic 4
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Three factors contribute to the successful movement
from L to reach D.

1) Focus

2) Belief

3) Competence (New)

Legends, when they are sliding from P to L, still keep

their focus on their dreams. They never let their
dreams go out of their sight. They closely guard their
dreams like a warrior guarding a treasure.

Whereas the majority of the population who are not

legends, during the slide from P to L loose sight of
their dreams, reset their dreams to a much lower level
and start focusing on the reduced levels now. Worse
still are many others who let go their dreams and
become indi erent towards life, with no dreams to
pursue. They now settle for the minimum levels in life.
Mostly they do one thing quite often, that is to blame.
Blame God Almighty, Others around, the systems, the
situations and themselves too. This blame game
makes a person feel helpless, escalates the situation
to hopeless levels.

Looking at the position D from the state of L, will

appear outright steep (in reality also it is steep). So
the mind will start arguing that this is an impossible
climb. At this time the Legends develop a strong
belief system in themselves, that even though the
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climb seems to be impossible, for them it should be
possible.

Vast majority of the people fail here, in convincing

themselves that it is still possible to reach their goals.
Instead of getting convinced about the probability of
reaching, they convince themselves with the greater
probability of failing.

Legends keep presenting evidences to themselves

about the possibilities of ful lling their dreams. They
go through similar success stories. They take stock of
the available resources, like their intelligence, their
experiences, their remaining strength, the support of
the relations they have within the industry and
outside, their capacity to learn anything and the
kindness of God.

Whatever competence that could have taken the

Legends from P to D, will not be enough to take them
from L to D. If at all that competence can only take
them from L to D1 (dotted line in the Pic 5).

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 Pic 5

So Legends go in search of the new skills, new levels

of knowledge and a bigger infrastructure like
technology, Apps and machines that will help them
reach to D from L. They work hard to acquire that
requisite level of competence. They belong to the
innovators and the early adopters group in the
Rogers’ normal distribution or bell curve.

Whereas a vast majority of the people wait till it

becomes compulsory to adopt a new technology or
process. In such situations they feel learning is a big
pain. It takes lots of time and energy to learn new
things. They vaguely hope that things will remain the
same and the new technology or system is only a fad
and will disappear soon. They have riveted
themselves to the comfort of old habits.

Legends take advantage of the disruptions to better

themselves. They use the fall to create a better
version of themselves.

The onset of the pandemic Covid19 and the

consequential lockdown created serious disruptions
in many businesses. The e ect was more pronounced
in direct selling spectrum. Agents of Life insurance,
investment products, salesmen of consumer goods
they felt severely handicapped of not being able to
meet their prospects in person and make convincing
presentations. Since most of their income was linked
to the sales, they su ered nancially too. But some
enterprising agents took to technology that provided
them video conferencing along with whiteboards that
they can create a near personal sales experience with
the prospect, that these agents performed well and
they topped the company’s merit lists. One the
agents, who is our associate for the last 12 years told
me that, “This lockdown gave me two advantages 1)
Saved my travel time and 2) Prospects availability for
conversation has increased”. This year he has almost
tripled his business. While many agents are still
expecting for this pandemic to end and they will be
getting those olden days again of making one-to-one
in person meetings with their prospects. Which is
very likely to happen. But they ignore the fact that
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even after these lockdown periods will come to an
end, many prospects might still nd it convenient to
do an on-line meeting. So if the agents adopt the new
technology and also new skills of presenting on-line
to the prospects, they will get an ace over the other
agents.

While these 3 components that drive the L to D

movement are natural gifts to some, it can be
consciously grown inside anybody. In the above
example of Dr Roshan Sheik, she naturally moved
into that state of mind and started pursuing her
dream ever after a serious set back. One very relevant
fact in her case, that helped her a lot, was the
support and the encouragement that she received
from her family. Her mother and her brothers in law
kept motivating her and also assuring her often that
she will make it.

But not everyone is born with such a tenacious

nature. The question is then, If we are born without
that gift, can we acquire it later on? The answer is
Yes, we can. How to go about it?

FB
ocus

elief

C
ompetence (New).

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 Focus is a conscious activity. During the slide from P
to L, when we try to stay focused on our dream, we
become conscious about the increased distance, the
steep climb, the lack of resources that we have and
also the possible hurdles on the way. This shakes our
belief in our capacity to realise our dream. This
disbelief drags our focus away from our dream to
something else that is easier to reach. This disbelief
also results in shying away from acquiring the more
demanding new competence.

This is the reason why vast majority of the people

even if they started their journey in the quest of
achieving their dreams give up and move from L to L,
or L to P.

There are two very important endowments that we

have 1) Our intellect and 2) Our emotions.

Our intellect like Science helps us nd answers. It is

the source of our reasoning ability. It provides the
capacity to make decisions. It helps us to assess the
situation and arrive at a judgement. It explains the
logic behind the situations.

Emotions push us to act (or refrain). Emotions like

fear, frustration mostly stops us from taking actions.
Emotions like Desire, and ambition makes us act
rmly and intensively.

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Both these endowments can control each other. In a
situation where a person feels extremely frightened,
his faculty of reasoning and understanding objectively
comes to almost a standstill position and his intellect
is overpowered by the emotion of fear.

Facing a grave situation, as the mind starts getting

emotional about it, a person can activate his intellect
to make an objective assessment of the gravity of the
situation, nd options available and use his
judgemental ability to choose the best of such
options, by this he can control his emotions. He stops
himself from being ung into an avalanche of
emotions.

Wisdom lies in putting both these endowments for

constructive purposes. Learning to properly balance
both these endowments is a big gift that one can give
to oneself.

Environment plays a vital role in achieving this

maturity. A well designed eco system helps the
person to activate his intellect to direct his emotions
constructively and also to intensify the emotions to
belie a logic to nd creative, so far unseen ways to
move towards his dream.

We can take advantage of the fact that we are

immensely in uenced by our environment. We can do
that by creating our own environment rather than
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waiting to be blessed with an empowering
environment .

We need to construct a three tired environment like

the one shown in the picture (Pic 6). These
environments provide us with supportive and strong
eco-systems that can withstand the onslaughts of
attacks from negative environments present beyond
these two tiers.

The Inner environment is constructed by our self-

talks, inner dialogues and the visuals that we create
in our mind, the images that we project using our
imaginations.

We must resolve that come what may, we will always

encourage ourselves. We will stand by our side rock
solid. We will frequently imagine the greater versions
of ourself. We will speak to ourselves with great
intensity, as if motivating a huge crowd of audience
addressing them from a podium. Anytime even by
mistake if a negative or disappointing self talk starts
in our mind, we will quickly take control over the mic
and replace those statements with supportive and
encouraging ones. This inner environment derives
huge support from the Internal environment

The Internal environment is constructed by the books

we read, the videos that we watch, the audio tapes
that we listen and the channels that we have
 subscribed. Let us create a library of books, channels
and tapes that will provide us with inputs to
strengthen our inner environment.

Our Immediate external environment is constructed

by the people around us. Select good friends to be a
part of this environment. Seek good guides and
mentors and get them to be a part of this
environment. Seek support from the immediate family
members to play a positive role in this environment.
Create a mastermind group to assist you. All these
people with all their intellectual genius nding
solutions for us, getting supportive data for our
progress will gives us extreme power like carrying a
rocket’s engine in our heart.

These three environments in combination will act

both as a super lter and a great shield against the
bigger environment out there in this world. The super
lter will allow all supportive inputs from the outer
world and the shield will protect from the
manipulations, coercions the outer world may
attempt on us to keep us safe from the negative
forces that may be lingering in that outer world.

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Pic 6

In summation:

A LegenD is sometimes born that way. We can

become a LegenD moving from L to D through our
own design. Whatever we dream to become, we will
become that, even if we are encountered with severe
jolts that can push us into a valley of L. We will realise
our dream D and become the LegenD
 GURUS SPEAK

R.GOPINATH


 CO-CREATING THE LIFE INSURANCE PLAN

R.GOPINATH

gopinathr@go-past.com

In the last issue of inscriptions under the title of

“Financial priorities pyramid- Pole star” we saw that
“When we are dealing with a resource, that is
available in limited quantity, the rst thing to do is to
prioritise its usage. That is how we can manage
tangible resources like Electricity, Water, Battery
power, Oxygen and even intangible resources like
Time, Relationships, etc. We rst list out the most
important things to be achieved with these resources,
and then we sequence them in order of their
importance.

It is therefore Prudent to use the same strategy

(Prioritise) when it comes to Finance. Most of the
worries that men, women, families, institutions and
even Governments are facing, have some root level
connection to Finance (shortage). Finance is a limited
resource. Even a person possessing Millions still has
only so many millions”.

The rst stage in the nancial priorities pyramid is

duties and responsibilities. So a person must rst
identify and quantify his duties and responsibilities
and should provide for them rst and then proceed to
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 the second priority in the pyramid. But this is not a
easy task, because of the emotional connect with the
present days and requirements.

Consider the following 3 Scenarios:

1) When people get money to spend on things, what

will be their choice A) To spend it that they can feel
happy now or B) To spend it on things that can give
them happiness sometime in future (delayed
grati cation). They may like to spend money on a
holiday trip this week end or on a dinner in a ve star
hotel celebrating the birthday of their child rather than
buy a membership card that may give them a 80% o
on a dinner two years from now.

2) When people buy products, what will be their rst

choice A) To buy products that will be useful now, or
B) To buy products that will be useful a few years
from now. Obviously A will be their choice. With the
limited money that they can spare the majority will
have the tendency to buy “A”. For example if a
person buys a car, he will be able to use it from today.
He buys a house, he will be able to stay in it from now
onwards. He buys a mobile phone he will be able to
use it straight away.

This is not just for the rst purchase, it is equally true

for repeat purchases also. For example a person is
having a good phone, but a latest version with a few
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additional facilities has come into the market now.
Here also the person may be interested in replacing
this old (not so old) phone with the latest one.

3) When people buy products that will protect them

from inconveniences or discomfort what will they
prefer A) Protect them from events that can happen
quite often or B) Protect them from events which are
rare to happen. Obviously A will be their preference.
For example rains are frequent and it disturbs their
daily routine so umbrellas are bought. Cell phones
can fall down often and the touch screen may crack,
so buying a protective screen guard is a priority. The
tyres of a car can get punctured, it can cause a
severe disruption, therefore to get a spare wheel is a
matter of priority

But events like death, disability, critical illnesses are

rare. It may happen once in a life time compared to
the above mentioned events that can happen every
year, or once in a month. Events like death, disability
and critical illnesses don’t happen that frequently,
even though we know that if it were to happen then it
can cause a severe disruption much more than all the
events mentioned above.

It is not that people spend money extravagantly that

they do not have enough to spare to buy adequate
life insurance cover to provide for a digni ed retired
life. In fact they are mostly cautious in spending. The
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 problem here is the availability of money to fund
those future goals.

When more money is available even a luxury product

appears to be an essential buy for the extra bene ts
that come with it. For example a person can with
much di culty spare ₹50,000 to buy a cellphone that
too in instalments. The salesman shows him a high-
end phone with face recognition, dictation, high
clarity camera, and many other such advancements
but the cost is ₹1,00,000. The buyer says, “For me, I
need a phone with minimum facilities. I just want a
simple camera. I can switch on my phone manually, I
don’t need a face/audio starts and goes for the
₹50,000 phone feeling that the high end one is a
luxury one and who will spend double the money for
those small additional facilities.

But if the same person were to have ₹1,00,000 to

spare for the phone and the customer was shown
both the high end and also the ₹50,000 one, then the
buyer is likely to go for the ₹1,00,000 high end one
justifying all those small additional facilities are
needed for him. He will justify those facilities save
time for him, and time is money for him. It also saves
e orts which he can now invest in other important
tasks.

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When a Life Insurance advisor is visiting a prospect
and initiates the sales discussions, look what
happens most of the time. He is talking about a
product that can save them from a hazard which is
unlikely to happen, at least not immediately. He is
talking about saving money for an event that is likely
to happen a few decades (or years) from now. If they
spare money for this plan then they will have to
deprive themselves of some other purchases that can
be useful immediately or the ones that can give
happiness today. It is not that they are not aware
about the value of insurance. By and large they agree,
that everybody must be insured and everybody must
save money for their better future and must spend
less in the present days. But when it comes to taking
action of buying and putting these insurance plans
they have a di erent opinion. Let us do it later. Let us
start with a small amount.

Normally a salesman needs to do a great job of

explaining the product features and the bene ts it
gives to the buyer. But Life insurance agents have
one another important job to do, that is of helping the
prospect to understand his need and the urgency to
put a risk management solution in place.

The agent must also be cautious about not creating

an impression that the agent is assuming the role of a
teacher. Normally adults don’t like to be taught, but
they like to learn.

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 So one of the very e ective approaches a life
insurance agent can adopt is that of a Co-Creation,
that the prospect creates a solution by himself with
some explanation of the technical terms by the agent.
The agent has not come with predetermined
solutions, but is only assisting the client to buy, what
the buyer wants for himself. They jointly design the
product/solution.

So to show a specimen of one such co-creation

e ect, I am presenting a narrative of a sales
conversation that took place between an agent and
one Dr Kumar, who is a leading Orthopaedic Surgeon
of Chennai. I am using Ag: to denote the dialogue of
the agent and Dr K to denote the dialogue of Dr
Kumar.

Please also note that this is a real incident that I have

been a part of while being incharge of a marketing
vertical of a life insurance company long time ago.
Only that I have changed the name of the prospect,
so as to not to reveal the identity of the client. Also for
this article I have considered the present dates for
calculation so it will be relevant to the reader now.

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 The agent, after the initial introduction and the
pleasantries are over, says to the prospect,

Ag: “Sir, by spending a few years in this industry and

having been associated with very good clients, I have
understood that they have very thoughtfully
purchased Financial Assets like Insurance, Mutual
Funds, Equity investments, Real estate and a few
other instruments. Therefore my role in many such
situations is only to explain some scienti c tests that
a person needs to get done for himself to ascertain
that he will be able to realise all his dreams about
himself and his family. After doing the tests we jointly
compare the results of the tests with that of the
portfolio of assets that he has already designed to
see if they are properly aligned. In some cases we
nd that they are in perfect alignment and there is no
gap between the test results and their assets. In
some cases we spot gaps. We then analyse the
situation to nd out should we ll up gap with any
new assets or should we partially ll it up and even
ignore the gap for now.

Dr Kumar I am sure you would also created a

portfolio with some insurance policies, MFs, equities
and other assets, so if you permit me I will present to
you a few scienti c tests, that will help us understand
about our nancial status accurately.

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 Dr K “Yes, I am already having a few investments and
also insurance policies. I was thinking of taking a life
insurance policy of 10 lakhs, I can pay a premium of
1Lakh rupee per year for 10 years, but now you are
suggesting that we do some tests, tell me how much
time will this take.?

Ag: Dr Kumar in that case I will explain only two tests,

the rst one may take about 10 minutes and the
second one may take about 20 minutes. In case you
have some questions in-between or some
suggestions to o er then this may take slightly more
time than that.

Dr K: Ok go ahead.

Ag: This rst test is called A/H test, which can show
us mathematically the extent of the dependence that
our beloved ones have on us.

Accordingly the test was done and the following

result is shown:

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 PRESENT SOURCES OF INCOME FLOWING
INTO YOUR FAMILY
₹
A YOUR OCCUPATION
97,00,000
B SPOUSE’S OCCUPATION
0
C BANK INTERESTS AND INTEREST INCOMES
60,000
D RENTALS AND LEASE INCOME
2,40,000
E DIVIDENDS
0
F PARENTS OCCUPATION/PENSIONS
0
G ROYALTIES OR OTHER INCOMES
0
H TOTAL INCOME FLOWING INTO THE FAMILY
1,00,00,000

Ag: This test shows that your A/H Dr Kumar is 97%

Dr K: What is the inference?

Ag: That since the family is dependent on your

occupational income to the extent of 97%, they are
technically speaking in a “Very High Risk Zone”. So
our priority need will be to transfer the risk to an
insurance company, so that our family will be in the
Low or negligible risk zone.

Dr K: But I already have an insurance policy? And I

also have other assets?

Ag: Dr Kumar all those assets with the insurance

policy you are having may be su cient to provide for
the risk involved. So let us do the second test and
decide as to how su cient they are?

Dr K: Ok go ahead.

Ag: This test has two parts, the rst part is to identify
and prioritise our responsibilities and the second part
is to quantify it. The responsibilities that individuals
carry on their shoulders di er from person to person.
So it may not be correct on my part to assume one’s
responsibility based on his age or background. So I
have prepared a list of 10 responsibilities that by and
large people of your age have. I will present this list to
you. It is likely that some of these may not be relevant
to you in your present position, we will remove them
from the list. It is also like there are some other
responsibilities which are not in this list but you feel
that you have on your shoulders, which we can add
to the list.

So this is the list of those 10 responsibilities, let us go

through this one by one and select the relevant ones.
In case you feel that your spouse should be present
while doing this, that a proper identi cation can
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emerge, you may please invite her to join, or else we
can both together complete this exercise.

Dr Kumar calls Mrs Kumar to join and he briefs her of

what we are about to do.

The couple identi ed as their responsibilities as

under:

RESPONSIBILITY APPLICABLE/ NOT APPLICABLE

1 CHILDREN EDUCATION YES

2 THE BEST IN THE GLOBE GRAD/PG YES

YES BUT NOT AN ABSOLUTE

3 SETTLING DOWN CAPITAL FOR CHILDREN
NECESSITY

4 GRAND AUSPICIOUS MARRIAGE OF CHILDREN YES

5 SPOUSE WELL BEING YES

6 PARENTS/IN-LAWS COMFORTS NOT APPLICABLE

TO PROVIDE FOR INCOME SUPPORT EVEN AFTER

7 YES
FALLING ILL/DISABILITY

8 SETTLE LIABILITIES TO HAVE A DEBT FREE LIFE YES

9 SELF RELIANT RETIRED LIFE YES

10 OTHER IMPORTANT GOALS: NIL

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 Ag: Our next exercise is to quantify these
responsibilities. The couple tried to approximate the
amounts required and the same was captured as
under:

Dr Kumar’s family responsibilities at the Used-to-level

Required for
ongoing
Higher Personal Business Cash ow
Year essentials Marriage
Education Loans Loans required
with in ation
@8%

2021 60,00,000 1,00,00,000 3,00,00,000 4,60,00,000

2022 64,80,000 64,80,000

2023 69,98,400 69,98,400

2024 75,58,272 75,58,272

2025 81,62,934 1,00,00,000 1,81,62,934

2026 88,15,968 88,15,968

2027 95,21,246 95,21,246

2028 1,02,82,946 1,02,82,946

2029 1,11,05,581 1,11,05,581

2030 1,19,94,028 1,19,94,028

2031 1,29,53,550 1,29,53,550

2032 1,39,89,834 1,00,00,000 2,39,89,834

2033 1,51,09,021 1,00,00,000 2,51,09,021

2034 1,63,17,742 1,63,17,742

2035 1,76,23,162 1,76,23,162

2036 1,90,33,015 1,90,33,015

2037 2,05,55,656 2,05,55,656

2038 2,22,00,108 2,22,00,108

2039 2,39,76,117 2,39,76,117

2040 2,58,94,206 1,00,00,000 3,58,94,206

NPV@6% ₹ 13,59,92,540.78
₹ 1,83,33,926.66₹ 1,83,33,926.66₹ 1,00,00,000 ₹ 3,00,00,000 ₹ 19,39,77,102.69

Saleable -₹ 30000000
Assets

Business -₹ 5,00,00,000
assets
casheable

Short fall ₹ 11,40,00,000

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Ag: This ₹11,40,00,000 gap is called, Dr Kumar, as
the Protection gap. This has to be bridged through a
life insurance policy of that value.

This Dr Kumar if we consider as the target amount we

can decide on how much of this can be bridged
immediately based on the amount that you will be
able to spare considering your present commitments.

We can decide on this based on the following table,

wherein we identify the minimum level requirements,
adjustable level requirements and used to level
requirements. After further discussions with Dr Kumar
and his wife the following table was agreed upon:

 Dr Kumar’s family responsibilities at Minimum level

Required for
ongoing
Higher Personal Business Cash ow
Year essentials Marriage
Education Loans Loans required
with in ation
@8%

2021 50,00,000 1,00,00,000 3,00,00,000 4,50,00,000

2022 54,00,000 54,00,000

2023 58,32,000 58,32,000

2024 62,98,560 62,98,560

2025 68,02,445 50,00,000 1,18,02,445

2026 73,46,640 73,46,640

2027 79,34,372 79,34,372

2028 85,69,121 85,69,121

2029 92,54,651 92,54,651

2030 99,95,023 99,95,023

2031 1,07,94,625 1,07,94,625

2032 1,16,58,195 50,00,000 1,66,58,195

2033 1,25,90,851 50,00,000 1,75,90,851

2034 1,35,98,119 1,35,98,119

2035 1,46,85,968 1,46,85,968

2036 1,58,60,846 1,58,60,846

2037 1,71,29,713 1,71,29,713

2038 1,85,00,090 1,85,00,090

2039 1,99,80,097 1,99,80,097

2040 2,15,78,505 50,00,000 2,65,78,505

NPV@6% ₹ 11,33,27,117.32
₹ 91,66,963.33 ₹ 91,66,963.33 ₹ 1,00,00,000 ₹ 3,00,00,000 ₹ 16,11,87,322.80

Saleable -₹ 3,00,00,000
Assets

Business -₹ 5,00,00,000
assets
casheable

Short fall Approximately ₹ 8,00,00,000

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Ag: Here we are assuming responsibilities only till the
daughters get married and settle down in their lives,
and that they will take care of their mother for the
further period of her life. Dr Kumar’s intention was to
get the children to pursue education in medicine that
they will take over and run the hospital that he is now
owning.

Ag: Dr Kumar we have only arrived at the Protection

gap, we will still have to quantify the Savings gap for
all those major responsibilities and also for your Self
reliant retired life.

Ag: Dr Kumar you have now designed your future

map of life and also arrived at the Investments
required to fund that journey. All that is now required
to make a good start at this plan and also the
paperwork and the formalities required to put this
plan in place. If you are satis ed with road map, can
we now happily begin the construction of the same?

Dr K: Yes we shall begin now.

Ag: Dr Kumar will you be comfortable to begin with

the minimum level table that we have done above and
then review the same every year and keep topping up
till we reach our target amount?

Dr K: Yes I think that is what will suit us.

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 CATERPILLAR SPACE

MRS SAVITA HARSH PILLAI



 FAMILY – A MUTUAL ENTERPRISE
Mrs. Savita Harsh Pillai
FAMILY: The word “family”; in itself is one’s whole world which is
complete in it’s true sense. When we ask how you would de ne a family?
we get numerous de ni ons for the same. But, today as a nancial
advisor; I would like to take you all to a unique level of percep on when it
comes to the word “FAMILY” based on the teachings of my Guru
Gopinath Radhakrishna Sir Ji.
“FAMILY IS A MUTUAL ENTERPRISE.”
As you all have heard about private and public limited companies,
partnership and proprietary rms; a family depends on mutuality, that is
depending on each other. Each family member plays an important and
dis nc ve role for the smooth func oning of a family. It depends mainly
on four mutual factors; mutual love, mutual respect, mutual resources
and interdependent. Coming to each factor, let me start with the rst one.
1. MUTUAL LOVE: Mutual love is where love, care, a ec on, trust
resides among all the family members equally. There is a feeling of
being secured and loved uncondi onally amongst every member of
the family. If any one member of a family is sad or upset for any
reason, then all the other members try their best to bring back
happiness in that member. Thus, every member tries that there is
peace and harmony in the family. They celebrate all fes vals and
special days together, exhibi ng unity among them.
2. MUTUAL RESPECT: This means giving respect to each other equally
in a family. It also shows values of life prac ced by all the family
members from small kids to the older genera on. Understanding
and suppor ng each other equally and uncondi onally is also
followed by everyone.
3. MUTUAL RESOURCES: Here I would like to say that whatever
sources of facili es are available in a home are commonly used by
all. Say for example, all watch the same television in the living room.
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 Then food which is being cooked for all the family members is
common for everyone; etc.
4. INTERDEPENDENT: I would men on that ul mately because of all
these reasons men oned above all family members are
interdependent on each other. I would further like to explain this by
giving an example that, as a father works and strives to ful l all the
monetary needs of the family members, a mother takes care of all
the household needs and nowadays in some cases, mothers also
support the monetary needs of the family. Coming to grandparents
they play an important role in the upbringing of the grandchildren
by taking care of them and imbibing good values.
Thus, you all can see these are the four reasons why we call “FAMILY A
MUTUAL ENTERPRISE”.
Furthermore, I would like to say a family depends on FOUR PILLARS to
stand strong and represent itself in a society. Now, let us have a look what
these four pillars are:
1. HAPPINESS: It is important that happiness prevails in one’s family
and all are living happily with each other. Some mes there can be
minor ghts and misunderstandings; but it is ne if it is resolved
and taken care o immediately for everyone’s peace.
2. GOOD HEALTH: Good and sound health of all the family members is
also especially important as a healthy family can stand strong
always.
3. RESPECT(FUL): Every family member should respect each other and
in the same way they should respect the society at large. This helps
them in ge ng respect wherever they go.
Up ll now, I have men oned about three pillars which was mostly related
to the family members in respect to their happiness, good health and
their respec ulness in society. So, what about the 4th pillar? As the three
pillars the 4th pillar also plays an important role in holding the family
rmly. The 4th pillar is ADEQUATE MONEY.
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 4. ADEQUATE MONEY: Adequate money in rela on to a family means
the nancial capability of a family to meet all the needs regular or
on emergency. So, what do we do about this pillar? If this pillar is
strong enough then the previous three pillars will automa cally be
strong. But if this pillar is weak then there are chances that the
other three pillars might also be weak or get imbalanced in absence
o f a d e q u a t e m o n e y .

CONCLUSION:
How do we know if the 4th pillar of adequate money is strong or not?
To know this; I shall recommend some primary and secondary levels of
scien c tests and calcula ons usually done by nancial advisors or
nancial planners. A few tests among them are named as below:
1. Human Life Value Calcula ons
2. Capital Need Analysis
3. Net Worth Analysis
To conclude this write up, I would like to men on a couplet wri en by the
great Saint Thiruvalluvar.
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 ற 1030:
இ ட அ
ந இலாத .

SAINT THIRUVALLUVAR
“If there is no support made ready to prop up and maintain a family (in
distress), at the rst stroke of misfortune it will instantly fall as if an axe
cut the growing tree.”

Mrs. Savita Harsh Pillai,

Specialized Financial Por olio Advisor, MBA – IFP,
h p://spswealthhub.com/

CANDID MOMENTS WITH GURU SHRI GOPINATH RADHAKRISHNA SIR JI

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ண்கா
ல்

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ன்றி

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வீ
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 PROUD TO BE
ASSOCIATED

MR ROHIT
A PASSIONATE CRICKETER AND AN ARTIST


 Mr Murugan Chemistry Professor by profession & LIC Agent. His son
Master Rohit studying in Eighth Standard at BOAZ Public School. He is a
passionate cricketer undergoing coaching at CCE Academy. As an all-rounder
bowler he has participated in many matches and recently he was awarded as the
Man of the Match for playing with his opponent team Asiatic organised by
DBCA.

He is also interested in drawing and during this pandemic period he has

participated in an awareness program Fight Covid conducted by St. Joseph’s
College of Engineering and secured second place in the competition.

 NEWS AND GALLERY

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