The ₹1 Crore & ₹50 Lakhs Collectives are a support initiative exclusively for IT professionals and government employees. 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 ₹1 crore immediately.
Membership Enrolment: IT professionals and Government Employees can join the collective by registering and agreeing to contribute upon the demise of any member.
*Eligibility: Any Indian residing in Telangana between 18 to 60 Years of age without any terminal illness.
Fund Transfer: Once a member passes away, all other members contribute their pledged amount, and the total ₹1 crore corpus is transferred directly to the nominee of the deceased member.
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 ₹1 crore payout.
Jeevan Suraksha portal allows members to track contributions and payments.
Contribution Table – Illustration Purpose – ₹1 Crore Collective
Below is a projection of how individual contributions decrease as membership grows:
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
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 |
Key Benefits
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 payout; 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.