| Short Term Exit Scheme |
|
Long Term Exit Scheme |
| Minimum 12 years from date of joining FBS AIOS |
Entitlement |
Minimum 20 years from date of joining FBS AIOS |
| Not before 65 years of age (as on 1st January) |
Minimum Age |
Not before 65 years of age (as on 1st January) |
- Maximum 12 members per year
- On First cum First serve basis
|
Capping |
- Maximum 12 members per year
- On First cum First serve basis
|
Rs. 4,00,000/-
(Rupees Four lakhs only) |
Amount |
Rs. 7,50,000/-
(Rupees Seven lakhs fifty thousand only) |
Rs. 100/-
(Rupees One hundred only) |
FC per Exit (Additional contribution for each exit ) |
Rs. 200/-
(Rupees Two hundred only) |
- Regular paying member without any dues
- Has never been terminated from FBS in the past
- On submission of application for exit scheme – the applicant agrees to forgoing the death benefit of the nominees, unless the application is not accepted by the FBS office due to stipulations
|
Clause
(Underwriting) |
- Regular paying member without any dues
- Has never been terminated from FBS in the past
- On submission of application for exit scheme – the applicant agrees to forgoing the death benefit of the nominees, unless the application is not accepted by the FBS office due to stipulations
|
