Social Security Programme

We all believe that charity brings virtue. However, Flashstar Foundation presents a unique perspective. Their concept is that the person making the donation should also receive financial security in the future. This idea goes beyond just giving; it focuses on boosting the donor’s morale and confidence while alleviating their financial worries. Remarkably, all of this can be achieved with a donation of just ₹100.

Concept – Crowed Funding

It’s a well-known fact that adding a spoonful of salt to a glass of water makes it taste salty. However, when you add a teaspoon of salt to a bucket of water, the saltiness becomes less noticeable. Similarly, if a teaspoon of salt is added to a 10,000-liter tank, the effect on the water’s taste is barely perceptible. This illustrates how saltiness, a common issue, can seem more intense when faced individually but becomes almost negligible when distributed among a large group of 10,000 people.

The financial difficulties individuals face can be troubling on their own. However, when multiple families come together to share this burden, it can significantly ease the overall financial strain.

एक आख्यान – एका ग्लास पाण्यात एक चमचा मीठ टाकल्याने पाणी खारट होते हे सर्वज्ञात सत्य आहे. तथापि, एका बादली पाण्यात एक चमचे मीठ टाकले की क्षारता कमी होते. त्याचप्रमाणे 10,000 लिटरच्या पाण्याच्या टाकीत एक चमचे मीठ टाकल्यास मिठाचा परिणाम लक्षात येणार नाही. मीठ आणि त्याची खारटपणा ही सार्वत्रिक समस्या आहेत. तरीही, वैयक्तिकरित्या अनुभव घेतल्यावर, समस्येची तीव्रता वाढते, तर 10,000 लोकांच्या गटामध्ये सामायिक केल्यावर, समस्या लक्षणीयरीत्या कमी होते.

ज्या आर्थिक समस्या आहेत त्या एकट्यास त्रासदायक होते. जर अनेक कुटुंबांनी एकत्र येऊन हा आर्थिक ताण वाटून घेतल्यास आर्थिक समस्या सुटण्यास मदत होईल.

Who is Eligible to become member:-

An individual who is an Indian citizen and comes from a middle-class family only.
Who has completed the age of 18 years.
Who is currently earn through Service, Business/Profession and his family is dependent on him.
Individuals whose annual income does not exceed 50 lakhs.
This is a voluntary Social Security program exclusively for members, based on the principles of crowd funding, with the Flashstar Foundation serving solely as the intermediary among the members.
This does not constitute any form of insurance program, nor does it involve the collection of premiums from participants.
The Flashstar Foundation has not obtained any grants from either the State or Central Government, nor from any third party or institution, to operate this social security program.
Participants in the Social Security Programme are mandatory / permitted to contribute solely Rs.100 for each individual incident that occurs.
A member under the age of 60 has the option to select either a single scheme or multiple Social Security schemes based on his requirements.
Members aged over 60 years will be eligible to participate in the Senior Citizen financial assistance program specifically for medical treatment. However, financial assistance through the social security program in the event of death is not permitted.
Under the Financial Assistance Programme, the financial support provided is either Rs. 10,00,000/- or the total actual contributions from members, capped at Rs. 100 each, whichever amount is lesser.
Each group may consist of a maximum of 10,000 members, which allows for a financial assistance amount of Rs. 1,000,000 (10,000 x Rs. 100). Alternatively, the financial assistance amount will be determined based on the number of contributory members in a group that is less than 10,000, calculated as follows: (Total number of members in the group x Contribution of Rs. 100 per incident = Financial Assistance Amount). For instance, if the total number of group members is 7,500, the financial assistance amount would be 7,500 x Rs. 100, resulting in a total of Rs. 750,000.
To become a member of this Social Security program, each individual must register their name with the Flashstar Foundation by paying a non-refundable one-time Member Entrance Fee of Rs. 100. Additionally, an annual Service and Account Handling Charge of Rs. 100 is required. However, if a member holds shares in the Flashstar Foundation, they are exempt from paying any membership fees or annual Service and Handling Charges.
Furthermore, if any member contributes a donation to the Flashstar Foundation, either currently or in the future, that exceeds Rs. 1000, that member will be exempt from paying any annual membership fees or service and handling charges.

Who is Eligible to become member:-

[वह व्यक्ति जो भारतीय नागरिक हो तथा मध्यम वर्गीय परिवार से आता हो। ]
Who has completed the age of 18 years.
Who is currently earn through Service, Business/Profession and his family is dependent on him.
Individuals whose annual income does not exceed 50 lakhs.
This is a voluntary Social Security program exclusively for members, based on the principles of crowd funding, with the Flashstar Foundation serving solely as the intermediary among the members.
This does not constitute any form of insurance program, nor does it involve the collection of premiums from participants.
The Flashstar Foundation has not obtained any grants from either the State or Central Government, nor from any third party or institution, to operate this social security program.
Participants in the Social Security Programme are mandatory / permitted to contribute solely Rs.100 for each individual incident that occurs.
A member under the age of 60 has the option to select either a single scheme or multiple Social Security schemes based on his requirements.
Members aged over 60 years will be eligible to participate in the Senior Citizen financial assistance program specifically for medical treatment. However, financial assistance through the social security program in the event of death is not permitted.
Under the Financial Assistance Programme, the financial support provided is either Rs. 10,00,000/- or the total actual contributions from members, capped at Rs. 100 each, whichever amount is lesser.
Each group may consist of a maximum of 10,000 members, which allows for a financial assistance amount of Rs. 1,000,000 (10,000 x Rs. 100). Alternatively, the financial assistance amount will be determined based on the number of contributory members in a group that is less than 10,000, calculated as follows: (Total number of members in the group x Contribution of Rs. 100 per incident = Financial Assistance Amount). For instance, if the total number of group members is 7,500, the financial assistance amount would be 7,500 x Rs. 100, resulting in a total of Rs. 750,000.
To become a member of this Social Security program, each individual must register their name with the Flashstar Foundation by paying a non-refundable one-time Member Entrance Fee of Rs. 100. Additionally, an annual Service and Account Handling Charge of Rs. 100 is required. However, if a member holds shares in the Flashstar Foundation, they are exempt from paying any membership fees or annual Service and Handling Charges.
Furthermore, if any member contributes a donation to the Flashstar Foundation, either currently or in the future, that exceeds Rs. 1000, that member will be exempt from paying any annual membership fees or service and handling charges.