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FSS 2.0FBSXls vs Market Insurance

Home  »  Why Choose FSS 2.0FBSXls
Lifelong cover
Fraternity strength

The sole strength of the Scheme is Membership strength! Your unwavering commitment is our strength, and we request you to further your commitment by enrolling more members — kith & kin, associates in the vicinity, classmates elsewhere who can join are few examples.

— IMA APPA Family Security Scheme, Andhra Pradesh
The Core Difference

FSS 2.0FBSXls is Savings + Coverage. Not just Insurance.

Term Insurance is not a comprehensive Life cover — it ends at a specific timeline. Hence it is also not saving! Dr. N. Apparao FSS 2.0FBSXls is fundamentally different: it provides lifelong coverage, builds value continuously, and the benefit is paid to the nominee whenever the member passes away — there is no expiry.

Dr NA FSS 2.0FBSXls – IMA AP State vs Market Term Insurance
Feature Dr NA FSS 2.0FBSXls – IMA AP State Market Term Insurance
Savings Saving & Coverage Not Saving; Coverage Only
Period of Cover Throughout Life – till last day Limited Period – after which no returns
Maturity Value Continuous Value addition – Paid Up following demise NIL – after the term
Premium Though high – adds up higher value proportionately. Lifelong cover Low – but no saving mode. Expires with term
Management Our Own — Easily Approachable — Answerable to IMA AP Corporate — Remotely Operated — Less Responsible Than Ours
Co-Beneficiaries Mostly known — Our Own Colleagues Unknown — No clue who others are benefited
Mutuality More Fraternal; Not Personal Benefit No Such Feel
Compassion To a Large Extent Obviously Missing
Claim Settlement 'No Questions Asked' Attitude Litigant Attitude
Our Commitment

Transparency at Every Step

Annual Status Booklet

A detailed Annual Status of Affairs booklet is mailed to every member’s doorstep in the month of June each year.

Live Website Updates

The homepage at imafssap.com carries current events, general statistics, announcements, and scheme updates in real time.

Member Login Portal

Every member can log in with their registered mobile number. Option to change login credentials available in the pipeline.

OTP-Based Approvals

Online requests for nominee changes and address updates with OTP-based approvals are in the pipeline — bringing full digital governance.

Our Journey

20 Years of Serving Doctors

  • 2003

    Scheme Established

    Dr. N. Apparao Family Security Scheme founded.

  • 2005

    First Bill Cycles

    Fraternity contribution billing initiated.

  • Jun 2015

    Benefit Raised to ₹15 Lakhs

    Death Fraternity Corpus (DFC) capped at ₹15,00,000.

  • Apr 2017

    Division from IMA Telangana

    IMA AP State separate scheme continued independently from 01 April 2017.

  • Jul 2018

    Membership Drive

    New enrollment push launched from 01 July 2018.

  • Jun 2023

    Benefit Raised to ₹20 Lakhs

    DFC raised to ₹20,00,000, effective 30 June 2023.

  • Jun–Jul 2023

    Governing Council Reconstituted

    The Governing Council was reconstituted in June–July 2023.

  • Aug 2023

    Managing Committee Elections

    Elections held for the Managing Committee in August 2023.

  • Jan 2025

    FBS–FSS 2.0FBSXls Merger

    Erstwhile FBS IMA AP merged into Dr. NA FSS 2.0FBSXls on 05 January 2025. Three membership categories formed: PLATINUM, PREMIUM, PRIMARY.

  • Jul 2025

    New Membership Drive

    Concessional rates and incentivized enrollment launched from 01 July 2025.

  • Current

    Floating DFC: ₹18.50 Lakhs

    Current benefit based on active membership strength of 4652+ members.

Ready to Secure Your Family?

FSS 2.0FBSXls is more than insurance. It is a lifelong commitment of brotherhood.

 Register Now  View Schemes
Help Center

Why Choose IMA APPA FSS — Your Questions Answered

Answers to the most common questions from our members.

IMA APPA FSS is a fraternity-based mutual security scheme run by and for IMA Andhra Pradesh doctors, not a profit-making insurer. Members contribute to a common fund and the family of a deceased member receives the pooled benefit. There are no agent commissions or profit margins, which keeps contributions low and benefits transparent.
Membership is open to qualified doctors who are members of the Indian Medical Association, Andhra Pradesh state branch. Eligibility and age limits depend on the chosen scheme tier — Platinum, Premier or Primary.
Because the scheme is administered directly by the fraternity, verified claims are processed quickly, typically once the required documents (death certificate, nominee proof and claim form) are submitted and verified by the office.
Missed contributions attract a defined late fee and, after the cut-off period, may move a member to defaulter status. Members are notified by SMS and email before due dates so payments can be made on time through the member portal.
Yes. Every member gets a secure portal account to view scheme details, pay contributions online, track payment history, update nominee information and raise service requests.