Union Minister for Communications and Information Technology A. Raja on Sunday launched the ‘My Child First’ initiative under the Rural Postal Life Insurance (RPIL) Scheme of India Post at Avinashi near here.
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.
