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/- |