Dear friend
Greetings from FBS office, Hyderabad.

It’s giving me immense pleasure to share some of developmental activities of our FBS IAP society. FBS, A financial body under IAP has been started in 2011 with head office at Hyderabad to serve to the family members of IAP members. Our membership strength has grown up to 2700 members and giving Rs.9,00,000/- as death benefit to bereaved families of our members till March 2026. We are having about more than 12 crores worth of FDs in HDFC, Kotak, SBI and IDBI Banks as safe corpus for us. The functioning of office is very prompt in collecting annual DBF’s, passing the latest information to the members and quick completion of formalities and disbursing the DBF amount to the families of deceased members. Following are the new updates in this year 2026.

1. New AIMC body has been in office from 20th April 2026 after fair and free election.

2. Immediately the new AIMC Body has taken initiative of decreasing defaulters list from 110 & succeeded in one month with only 5 members left.

3. We have taken a membership drive from the month of June & July succeeded in getting 100 new members. Membership drive has been extended till 30th September 2026 in view of multiple conferences across the country.

4. We are also planning to include the website in the CIAP website so that more accessibility about FBS is available in Central IAP members. Kindly follow this website too for all updates of the office.

5. We are focusing on digitalization of our scheme with clear vision to make hassle free payments and obtain the information as early as possible.

I thank OB members of CIAP and AIMC members for taking active advisory role in our scheme, and I hope our scheme will grow further with the involvement of all the IAP members. I also appeal all of you to motivate the at least 3 new IAP members by each to join in our most beneficial scheme with joining fee as nominal premium ranging from 12000/- to 60000/- (25 years to 60 years of age) so that more families of IAP members get benefit of Rs 9,30,000/- during the tragedy time. I thank CIAP PRESIDENT AND Secretary of 2026 for attending AIMC meeting and giving full support for the activities of FBS. And I also thank our office staff for their good work.