Private Employees & Business Owners
₹1 Crore, 50 Lakhs & 25 Lakhs Collectives – Private Employees & Business Owners
The ₹1 Crore, 50 Lakhs & 25 Lakhs Collectives are a support initiative exclusively for all Private Employees & Business Owners. The goal is to create a financial safety net for the families of members in case of an unfortunate demise. Each member pledges to contribute a small amount when a fellow member passes away, ensuring their family receives ₹25 Lakhs to ₹1 crore immediately.
How It Works
Membership Enrolment
General Public & Business Owners can join the collective by registering and agreeing to contribute upon the demise of any member. Eligibility: Any Indian residing in Telangana & Andhra Pradesh between 18 to 60 Years of age without any terminal illness.
Pledge to Support
Each member commits to contributing a small amount (initially ₹500 for ₹1 Crore, ₹300 for ₹50 Lakhs & ₹200 for ₹25 Lakhs) whenever a fellow member passes away.
Fund Transfer
pon the passing of a member, all other members contribute their pledged amounts. Based on the plan selected by the deceased, a total fund of ₹25 Lakhs, ₹50 Lakhs, or ₹1 Crore is collected and directly transferred to the nominee.
Threshold for Launch
The initiative will officially begin once we have 1,000 members on board.
Decreasing Contribution Over Time
As the number of members grows, the individual contribution per event decreases while still ensuring the desired corpus.
Contribution Table – Illustration Purpose – ₹1 Crore Collective
| Number of Members | Contribution Per Member (₹) | Total Corpus Raised (₹) |
|---|---|---|
|
1,000 |
₹500 |
₹5 Lakhs |
|
2,000 |
₹500 |
₹10 Lakhs |
|
5,000 |
₹400 |
₹20 Lakhs |
|
10,000 |
₹400 |
₹40 Lakhs |
|
25,000 |
₹400 |
₹1 Crore |
|
50,000 |
₹200 |
₹1 Crore |
Contribution Table – Illustration Purpose – ₹50 Lakhs Collective
| Number of Members | Contribution Per Member (₹) | Total Corpus Raised (₹) |
|---|---|---|
|
1,000 |
₹300 |
₹3 Lakhs |
|
2,000 |
₹300 |
₹6 Lakhs |
|
5,000 |
₹300 |
₹15 Lakhs |
|
10,000 |
₹300 |
₹30 Lakhs |
|
25,000 |
₹200 |
₹50 Lakhs |
|
50,000 |
₹100 |
₹50 Lakhs |
Contribution Table – Illustration Purpose – ₹25 Lakhs Collective
| Number of Members | Contribution Per Member (₹) | Total Corpus Raised (₹) |
|---|---|---|
|
1,000 |
₹200 |
₹2 Lakhs |
|
2,000 |
₹200 |
₹4 Lakhs |
|
5,000 |
₹100 |
₹5 Lakhs |
|
10,000 |
₹100 |
₹10 Lakhs |
|
25,000 |
₹100 |
₹25 Lakhs |
|
50,000 |
₹50 |
₹25 Lakhs |
Key Benefits
Affordable Contribution: The larger the collective, the lower the per-person contribution.
Direct & Transparent: Funds go directly to the deceased member’s nominee without intermediaries.
Strong Community Support: A collective initiative ensuring financial security among IT and government employees.
Join the Movement
To become a member of the ₹1 Crore Collective and safeguard your family’s financial future, sign up today and take the pledge!
Pledge
As a member of the Jeevan Suraksha Social Security Collective, I solemnly pledge to uphold the principles of mutual aid and solidarity within our community. I commit to:
Support Fellow Members: Contributing promptly and consistently to the collective fund to ensure timely assistance to the nominees of deceased fellow member.
Maintain Integrity: Providing accurate personal information, adhering to the collective’s guidelines, and refraining from any actions that may compromise the trust and welfare of the community.
Promote Transparency: Engaging in open communication, participating in decision-making processes when possible, and supporting the collective’s efforts to maintain clear and accessible records.
Foster Community Growth: Encouraging others to join and strengthen our collective, thereby enhancing our capacity to support one another in times of need.
Respect Confidentiality: Honouring the privacy of fellow members and handling all personal information with the utmost care and discretion.
Embrace Solidarity: Recognizing that our strength lies in unity, I will stand with my fellow members, offering support and compassion beyond financial contributions.
By making this pledge, I affirm my dedication to the values and mission of the Jeevan Suraksha Social Security Collective, understanding that our shared commitment ensures the well-being and security of all members.
Important Disclaimer
The total contribution per claim depends on the number of active contributors at the time of the request.
The trust does not guarantee the ₹1 crore pay out; the actual amount depends on contributions received.
If the required amount is not collected, the nominee will receive only the total contributed by active members.