Aim of Family Security Scheme is to give financial support to the bereaved family of the member in the scheme in the event of unfortunate death. This Scheme has a claim of Rs 20 Lakhs for a demise member. The Scheme was started in the year 2004, to provide succour to the families of the deceased IMA members in the scheme. So far 195 families of our unfortunate colleagues from Telangana area were benefited, with total disbursment being Rs 25 crores to the nominees. After of division of FSS subsequent to division of Telugu states, FSS IMA TS came into existence on 01/04/2017. Since division,Ten FC bills have been sent to the members and Rs 24 crores were disbursed to families of 92 of our unfortunate colleagues. A Present the Member's strength in this scheme are 4000 Members.
Rs. 2,00,000/- per member/year,is given ascomplimentary to all FSS Members.
Bi-annual Master Health Check-up for schememembers above age of 50 years.
For the benefit of the members certain Welfaremeasures are planned to be funded from the interest generated from the corpus of the scheme.
Complimentary Complimentary Health benefit benefit premiumpremiumfor all themembers from Health Benifit Fund ( which is formedfrom contributions from all the three schemes-FSSFBS & PPWS).
All the FSS members will be given Complimentarycoverage of Rs 2,00,000/- per year.
Should be a Life member of IMA TS couple membersshall join the scheme as individual members.
The Scheme was started in the year 2004, to provide succour to the families of the deceased IMA members in the scheme.
So far 195 families of our unfortunate colleagues from Telangana area were benefited, with total disbursment being Rs 25 crores to the nominees nominees.
After of division of FSS subsequent to division of Telugu states, FSS IMA TS came into existence on 01/04/2017.
Since division,Ten FC bills have been sent to the members and Rs 24 crores were disbursed to families of 92 of our unfortunate colleagues.
Council for the FSS Scheme was formed in 2018, after the division of the scheme.
Apart from the members of MC, the FSS Council has the State President,State Secretary ,Treasurer & FinanceCommittee Committee Chairman Chairman Dr B Pratap Reddy as Ex officio members & past State presidents, Dr P Vijaychander Reddy & Dr K Shyamsunder as Advisors.
Last FSS Council meeting was held 06/03/2022 at Warangal.
The Constitution of the combined scheme also had many loop holes and ambiguities which were sorted out by the constitution committee , comprising of Dr D Dwarakanatha Reddy, Dr Surendranath and Dr M V Ranga Reddy.
This has been ratified in the council to make it official.
"When my husband passed away unexpectedly, I was completely lost. Thankfully, the Family Security Plan was there for me. The life insurance payout helped cover funeral expenses, outstanding debts, and provided financial security for my children. I can’t express how much relief this brought during such a painful time."
"I had signed up for this plan without thinking much about it. When my brother passed away suddenly, I realized how valuable it was. The payout covered the funeral, and we didn’t have to worry about borrowing money during an already difficult time."
"After my father’s sudden passing, I was worried about handling finances on my own. The claim process was smooth, and within weeks, I received the benefits. It allowed us to stay in our home and cover essential expenses without stress."