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‘My Child First’ initiative of India Post launched in Tamil Nadu
Union Minister for Communications and
Information Technology A. Raja on Sunday February 28, 2010 launched the
‘My Child First’ initiative under the Rural Postal Life Insurance
(RPIL) Scheme of India Post at Avinashi near Tirupur (Tamil
Nadu).
The concept is aimed at promoting the habit of investing in insurance
scheme among families in rural areas for securing means to provide
higher education to their children. Explaining the salient features,
Mr. Raja said that the insurance cover ranging from Rs. 50,000 to Rs. 3
lakh would provide the insured with adequate funds to take care of the
education of their children on its maturity after 15 years. The premium
paid by the insured would go into a corpus and the entire earnings
would be returned to them with bonus. “The amount insured will thus get
doubled in 15 years,” he added.
The Minister announced that Avinashi sub-post office would be given a
thorough makeover both in terms of physical outlook as well as
upgrading delivery of services through IT-enabled procedures under the
‘Project Arrow’ scheme of the Department of Posts before March
end.
Source: The
Hindu
