Sabka Market Family Security Income Plan
1. Subscription Service:
Sabka Market offers a subscription service to its users. The subscription provides access to various benefits, including the Family Security Income plan for Gold and Premium members.
2. Family Security Income:
The Family Security Income plan is designed to provide financial support to the family of a user in the event of accidental death. This plan is available only to Gold and Premium members.
3. Membership Eligibility:
To be eligible for the Family Security Income plan, the user must meet the following criteria:
– Be a Gold or Premium member of Sabka Market.
– Maintain an active subscription for a minimum of three years.
– Have a team size of at least ₹10 per member.
4. Accidental Death Coverage:
In the unfortunate event of the accidental death of a user, the Family Security Income fund will be released to the user’s family. The amount of the fund will depend on the user’s team size and will be calculated based on ₹10 per team member.
5. Three-Year Tenure:
The user must complete a minimum of three years of active subscription with Sabka Market to be eligible for the Family Security Income plan. If the user terminates the subscription before completing three years, they will not be eligible for the plan.
Terms and Conditions:
1. Eligibility Confirmation:
The user must provide valid documentation to confirm their team size and membership tenure to be eligible for the Family Security Income plan.
2. Accidental Death Verification:
In the event of an accidental death, the user’s family must provide relevant documentation and evidence to verify the cause of death.
3. Payout Process:
Once the accidental death and eligibility are confirmed, the Family Security Income fund will be disbursed to the user’s designated family member(s) as per the provided details. The fund will be calculated based on the team size at the time of the user’s demise, multiplied by ₹10 per member.
4. Legal Compliance:
Sabka Market will adhere to all applicable laws and regulations in India regarding the Family Security Income plan. The plan will be structured in accordance with the guidelines set forth by the relevant authorities.
5. Plan Modifications:
Sabka Market reserves the right to modify or discontinue the Family Security Income plan at its discretion. Any changes or updates to the plan will be communicated to the subscribers in advance.
Please note that specific documents required may vary based on Indian laws and regulations. It is advisable to consult legal professionals or experts well-versed in Indian laws for precise documentation requirements.