• Phone : 044-24364335
  • E-mail : niaecs1959@gmail.com
  • Teynampet, Chennai – 600 018
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THE NEW INDIA ASSURANCE EMPLOYEES’ CO-OPERATIVE THRIFT & CREDIT SOCIETY LTD. No. X-413

(Multi State Co-operative Society)

Phone Number :

044-24364335

e-mail :

niaecs1959@gmail.com

Loan and Benefits

HIGHEST DIVIDEND - LOWEST INTEREST

LOANS AND BENEFITS

  • LOANS Surety Loan : Surety loan of Rs.13,00,000/- (Thirteen Lakhs) Lending rate at 9.75%
  • Thrift interest @6.75% per annum

1. Retirement/VRS/ Resignation /Termination

I. FAMILY WELFARE DEPOSIT SCHЕМЕ

  • Those who have completed 10 years of continuous membership in the society and voluntary membership closure - Actual contribution received with 3.50% interest.
  • Those who have completed 10 years 1 day to 15 years of continuous membership in the society - Actual contribution plus additional Rs.25,000/- Grant.
  • Those who have completed 15 years 1 day to 20 years of continuous membership in the society - Actual contribution plus additional Rs.30,000/- Grant.
  • Those who have completed 20 years 1 day to 25 years of continuous membership in the society - Actual contribution plus additional Rs.35,000/- Grant.
  • Those who have completed 25 years 1 day of continuous membership in the society - Actual contribution plus additional Rs.40,000/- Grant.

2. Death

  • Rs. 2,00,000/- Assistance and Rs. 10,000/- Funeral Expenses paid to Nominee of the Deceased Member (irrespective of the period of Membership)

3. Retirement/VRS Resignation/Termination

II. MEMBERS WELFARE FUND

  • 7 Years to 10 years of continuous Membership in the Society Rs. 5,000/-
  • Above 10 Years of continuous Membership in the Society Rs. 12,000/-

4. Group Personal Accicent: Policy at Free of Cost

  • Rs. 5,00,000/-be paid to nominee of the deceased member under the Group Personal Accident policy.

5. Group Insurance Policy (LIC)

  • Rs. 10,00,000/- be paid to nominee of the deceased member under the Group Insurance policy.

6. Purchase of Memento

  • Rs. 300/-Paid to members on roll on the date of Annual General Body Meeting

INTRODUCTION

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Our Trusted Partners

About Us

The New India Assurance Employees’ Co-operative Thrift and Credit Society Limited registered No.X-413 was formed in the year 1959 and got registered under Madras Cooperative Society Act 1932 with 43 members and the area of operation was Madras City only.

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Contact

  • ADDRESS
    Regd. Office : 453, Fathima Akhtar Court, Anna Salai, Teynampet, Chennai – 600 018
  • PHONE
    044-24364335, 9543122701,
    9444216955
  • MAIL
    niaecs1959@gmail.com

Location

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