Thread by @spinesurgeon

Once upon a Time there was one association in Mumbai
If you become a Member of that association, you need to pay annual fees of Rs 100 and they will give you the membership card and a Pouch in which you need to keep the card with a certain amount of Rupees which they say

With that membership card, you can travel without ticket in any Suburban Train and
and if you are caught without ticket, you need to pay the fine from the pouch
So
What's the deal
The deal is
If you go to the association and give them the receipt, they will refund in full

So
As the "Customer" You are Paying Rs 100 for one full year of Travel
As the "Company" they have some 2 lakhs annual members and they collect Rs 2 Crore
The Refund for Fine won't even cost Rs 20 Lakhs

Good Business Model

In case you were wondering whether this is legal or not

Isn't this the same priciple on which Health Insurance, Vehicle Insurance and Other Insurance Works :) :) :)

Of Course Ticketless Travel is Illegal
But
Insuring for Fine for Ticketless Travel

Legal or Illegal ??