WELFARE & SCHEMES CPAS (Collective Posthumous Aid Scheme)
Collective Posthumous Aid Scheme IV (CPAS IV) has launched from May 2015. Member has to remit Rs. 18000/- in lump sum or Rs. 900/- for 20 months getting the benefit of Rs. 500,000/- in case of sudden demise of a member. The society will return the remitted amount after retirement in case of no claim. The total family benefit is Rs.5 Lakhs in case of death of the member while in service. Option for converting CPAS I, CPAS II and CPAS III to CPAS IV by remitting the balance amount, holding the existing CPAS benefit till full conversion. All members are requested to join the scheme and secure your family.