Private & Confidential

July 21, 2022

Mr. MOSTAFA GAZI

Emp ID - 613527
CUSTOMER SERVICE EXECUTIVE - SMART OFFICE
OPERATIONS & CRM
WEST BENGAL

Dear Mr. MOSTAFA GAZI,

Sub: Performance & Compensation Review 2021-22

Your Performance 21-22

I am happy to inform you that your contribution for the past year has been assessed as Good Performance Meeting Most of the Plans.
You have achieved most of the targets set and have demonstrated acceptable levels of performance and the potential to achieve
higher standards.

Plans for 2022-23

In the backdrop of higher than industry growth in FY21-22, Chola MS is back on its growth path and seeks to grow at least at 1.25X of
industry growth.

Our overall theme for 2022-23 is “Accelerated Growth with Profitability”, that is, to attain growth in our chosen lines and products
without compromising on Underwriting results. Our efforts towards addition of new channels across SBUs is yielding results and we
believe that we are better positioned towards attaining this growth objective. Looking ahead, in what is Chola MS 20th year of
existence, we shall continue our calibrated approach of profitable growth, targeting a GWP of Rs. 6,000 Crs. This can become reality, if
we can operate with a “can-do” sense of optimism and a ”must-do” sense of accountability.

I urge you to exceed your key objectives for the year, demonstrate your ability to contribute towards achieving our company’s goal. I
would also encourage you to focus on building your technical, functional and leadership capabilities to equip yourself.

We will continue to strive & ensure that Chola People and Marketing Services Private Limited is a great company and a great place to
work.

Revision in Your Compensation

As a result of your performance and our philosophy of ensuring market linked compensation, we are pleased to revise your salary and
allowances from July 01, 2022 as per the attached Annexure.

All other terms and conditions remain unchanged. Any liability in respect of income tax arising out of this revision shall be to your
account.

Please note that matters relating to remuneration are strictly personal and confidential between you and the Company and should be
treated as such. Further, the Company reserves the right to change, modify or alter the compensation structure and other Terms of
Service, as may be communicated to you from time to time.

I thank you for your contribution and wish you the very best for the future!

Yours faithfully,
For Chola People and Marketing Services Private Limited.,

Signature Not Verified

Digitally signed by GIRIDHAR KRISHNAMURTHY
Date: 2022.07.18 20:58:01 IST
Reason: Approved
Location: Chennai
Authorised Signatory
Encl: as mentioned
CHOLA PEOPLE AND MARKETING SERVICES PRIVATE LIMITED
(Formerly known as Chola People Services Private Limited.)
Dare House, II Floor, NSC Bose Road, Parrys, Chennai-600 001.
Phone No: +91 (0)44 4044 5400 | Fax No: +91 (0)44 4044 5550
CIN: U74999TN2016PTC111207 | PAN:AAGCC5481J | GSTIN:33AAGCC5481J1ZJ
 ANNEXURE
Name Mr. MOSTAFA GAZI
Employee ID 613527
Grade GR1
Designation CUSTOMER SERVICE EXECUTIVE - SMART OFFICE
Date of Joining 06/12/2021
Location WEST BENGAL
Branch BASIRHAT
Revised (Rs.)
Particulars Current (Rs.) Effective July 01, 2022
Basic 5603 6054
HRA 2802 3027
Conveyance Allowance 1600 1600
Other Allowance 2440 2765
Monthly Gross 12445 13446
Gross Per Annum 149340 161352
Employer State Insurance Fund (p.a) 4860 5244
Provident Fund (p.a) 13884 15000
Cost to Company Per Annum 168084 181596
Notes :
1.Incentive, if any, is payable as per the applicable Incentive scheme.
This is subject to the employee:
• being on the rolls of the Company on the Incentive payment date
• should not have resigned as on the Incentive payment date
• should not be serving notice on the Incentive payment date.
2. Incentive if any, paid during the financial year, is inclusive of Bonus (as Applicable) payable under the payment of Bonus Act.

CHOLA PEOPLE AND MARKETING SERVICES PRIVATE LIMITED

(Formerly known as Chola People Services Private Limited.)
Dare House, II Floor, NSC Bose Road, Parrys, Chennai-600 001.
Phone No: +91 (0)44 4044 5400 | Fax No: +91 (0)44 4044 5550
CIN: U74999TN2016PTC111207 | PAN:AAGCC5481J | GSTIN:33AAGCC5481J1ZJ
 Disclosure of Information

In terms of our company policy, relatives of employees namely; spouse, son/s, daughter/s, sons–in-law, daughters-in–law, brother/s,
sister/s, parents & parents-in–laws associated as intermediaries/employees of any intermediaries in any General/Health/Life Insurance
companies (or) corporate agents and brokers in India, are requested to inform the relationship, name and details of the relative and the
respective insurance company before 31st July 2022 and thereafter within 1 month of such association as an intermediary/employee of
an intermediary, to the following email id: declaration.cpmspl@cholamsispl.com

Further, you are hereby advised to note that in case of you being involved any misconduct causing loss/damages to the Company, for
the purpose of enquiry/investigation being initiated/conducted by the Company/through nominated agency, you may be required to
provide information and produce documents such as your bank statement & your dependent bank statement, etc you shall submit self-
attested copies of the same and shall cooperate in such enquiry/investigation.

CHOLA PEOPLE AND MARKETING SERVICES PRIVATE LIMITED

(Formerly known as Chola People Services Private Limited.)
Dare House, II Floor, NSC Bose Road, Parrys, Chennai-600 001.
Phone No: +91 (0)44 4044 5400 | Fax No: +91 (0)44 4044 5550
CIN: U74999TN2016PTC111207 | PAN:AAGCC5481J | GSTIN:33AAGCC5481J1ZJ