ICSI propels support initiatives for its Members



Quick Summary
The Institute of Company Secretaries of India (ICSI) has introduced new support schemes for its members to foster a self-reliant India. These initiatives include collateral-free term loans and life insurance plans, benefiting over 65,000 Company Secretaries nationwide. ICSI also hosted a webinar to inform members about the Company Secretary Benevolent Fund (CSBF), which offers medical expense reimbursement and financial aid for families of deceased members.

The Institute of Company Secretaries of India, in its endeavour of continued concerted efforts of supporting its stakeholders in building a self-reliant India, signed MoUs with Poonawalla Fincorp Limited (PFL) and Bajaj Allianz Life Insurance Co. Ltd recently.

The schemes aimed at benefitting more than 65,000 Company Secretaries across India, would provide collateral free Term Loan facility and Non- Linked, Non-Participating, Pure Life Term Insurance Plan, to members, both in employment and in practise.

ICSI Offers New Support Schemes for Company Secretaries

The Institute also organised a webinar on the occasion, to apprise the stakeholders about the Institute’s Company Secretary Benevolent Fund (CSBF) that provides reimbursement of medical expenses to Members and financial assistance to the families of deceased Members. Speaking about the growth and benefits of CSBF, CS Nagendra D. Rao, President, The ICSI said that “By enhancing the limit of CSBF and by signing the MoUs, the ICSI has demonstrated a new impetus to its commitment of developing its stakeholders and providing them with a resilient and progressive growth. 

FAQ :

The ICSI has signed MoUs with Poonawalla Fincorp Limited and Bajaj Allianz Life Insurance Co. Ltd to offer collateral-free Term Loan facilities and Non-Linked, Non-Participating, Pure Life Term Insurance Plans to its members.

These schemes are aimed at benefitting more than 65,000 Company Secretaries across India.

The CSBF is a fund managed by the ICSI that provides reimbursement for medical expenses to members and offers financial assistance to the families of deceased members.

The ICSI is committed to developing its stakeholders by enhancing the limits of the CSBF and signing MoUs to provide financial and insurance benefits, promoting resilient and progressive growth.

The collateral-free Term Loan facility and the life insurance plan are available to ICSI members, whether they are in employment or in practice.




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