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Social Security Scheme of ASI


Benefits in Social Security Scheme of ASI

    • It is a family benefit scheme, as an obligation of ASI to give security to families of surgeon.
    • No Insurance company is involved.
    • Members contribute and deceased family directly gets benefit.
    • ASI Members can join upto the age of 65.
    • No medical certification is needed to join the scheme.
    • At present, Low Admission fee ranging with age – Rs. 5000/- upto 30 years and Rs. 30000/- upto age 65 years. Fees going to rise soon as these are discounted rates for Founder members.
    • Fraternity contribution per death is very low comparing to any Insurance scheme. Just Rs 500/- contribution per death. Payment is to be done for 25 years only. If no death occurs then there is no Fraternity charge.
    • Annual Subscription is Rs 1000/-. Member continues to pay till he/she lives.
    • Benefit — Member’s Family gets minimum 500 times of total number of members enrolled.
    • Loyalty Bonus is applicable.
    • Early settlement of death claim within a month.
    • Documents like Death certificate, membership identity and the City branch Secretary’s Recommendation are only needed for the claim.

E.g.

CALCULATION FOR A 42 YR OLD JOINING IN 2017
In 2017 (Before 1st July) In July 2017
( If No Deaths)
 In 2018
( If 5 DEATHS )
In 2019
(If 3 DEATHS)
ADMISSION CHARGE Rs 10000/- XXXXXX XXXXXX XXXXXX
ANNUAL SUBSCRIPTION XXXXXX Rs 1000/- Rs 1000/- Rs 1000/-
FRATERNITY CHARGE @Rs 500/- PER DEATH XXXXXX XXXXXX Rs 2500/- Rs 1500/-
TOTAL PAYMENTS Rs 10000/- Rs 1000/- Rs 3500/- Rs 2500/-

 

Explore The Social Security Scheme of ASI

 

Social Security Scheme Constitution and Application Form