How THE BACKUP Society Works?
First, you have to join THE BACKUP society by paying registration fees. After this, your Mobile Number is your User Name for THE BACKUP Society. As more people join, the group will grown significantly. Each group will have only 2 Lakh members. Once this limit is reached, joining in the particular group will be closed.
Benefit of THE BACKUP
If any member of THE BACKUP society dies due to an accident, the group members will pay Rs. 30.00* (in addition to the monthly charges and AMC charges they pay regularly) immediately to the society. Then the society will pay the total collected amount to the deceased member’s family or nominee. For example
1) If the total number of members are 25,000, the deceased member’s family will receive: 25,000 x 25.00 = Rs. 6,25,000.00.
2) If the total number of members is 200,000, the deceased member’s family will receive: 200,000 x 25.00 = Rs. 50,00,000.00.
3) THE BACKUP society will handover the amount, whatever the amount will collected from the society members.
Document to be Enclose
- You have to be 18+
- Copy of valid Driving License
- Copy of Aadhaar Card
What If Nothing Happen to Me?
If nothing happens to you, you will get your invested money returned when you are 60 or older.
For example, if you joined the company at age 30 on 01.01.2025, the total money paid by you, by 2055 will be Rs. 9,100.00.
In this case, THE BACKUP society will return your invested money Rs.9,100.00 to you when you are 60 or older.