Social Security Scheme of ASI
Benefits in Social Security Scheme of ASI
-
- It is a family benefit scheme.
- ASI gives security to families of surgeon.
- No Insurance company is involved.
- Members contribute and deceased family directly gets benefit.
- ASI Members can join up to the age of 65 yrs.
- No medical certification is needed to join the scheme.
- At present, Admission fee is very low ranging with age – Rs. 5000/- upto 30 years and Rs. 30000/- up to 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 2018 | ||
| In 2018 ( If 5 DEATHS ) |
In 2019 (If 3 DEATHS) |
|
|
ADMISSION CHARGE
|
Rs 10000 | XXXXXX |
|
ANNUAL SUBSCRIPTION
|
Rs 1000/- | Rs 1000/- |
|
FRATERNITY CHARGE @Rs 500/- PER DEATH
|
Rs 2500/- | Rs 1500/- |
|
TOTAL PAYMENTS
|
Rs 3500/- | Rs 2500/- |
Explore The Social Security Scheme of ASI
Social Security Scheme Constitution and Application Form
List of Members enrolled in ASI SSS up to 19th July 2018
