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Insurance |
Mahasemam Trust has tied up with insurance companies like Bajaj Allianz to provide insurance cover to its members.
Bajaj Allianz
A premium of Rs.25 is paid by Mahasemam on behalf of the member. Compensation is given in case of the death of a member or her husband.
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| Compensation given on |
Active * Member |
Savers |
Active member who has repaid the first loan and waiting for second loan |
| Death of Member |
Rs.10,000 |
Rs.2000 |
Rs.5000 |
| Death of Husband |
Rs.2000 |
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*Member who has taken loans.
Cumulative Death Compensation has been done for members. Trust has paid insurance premium to Bajaj Allianz.
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At present the Trust has provided insurance cover to 99,311 members from 36 Branches, in and around Thirunelveli. The same facility will be extended to all the members in a phased manner.
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