Fund Switching Advice for ULIP holders as on 17 Feb 2008

Dear Policy Holders and Friends,

I had, on the 21/22 Jan 08 suggested you all to get your policy fund switched in to 'growth fund' and 'secured fund' in the 50:50 ratio. On 22 Jan08 the unit price of 'growth fund' was Rs 67.68 and the latest price (15/02/08) happens to be Rs. 71.15 and this is quite an smart move. The time has come to give an advance notice that that past 5700 of Nifty level it will be time to move entirely in to 'defensive fund'. For your information the Nifty closed at 5300 level on 15 Feb 08.

This advice holds good for all of you, the conservatives, the moderates and the aggressive. You are welcome to write to me clear any confusion that you may have.

Thanks for your support and good wishes.

Krishna Kumar Khandelwal