ICBL picks up where Ronald Jones & current regime dropped the ball: Errol Barrow’s desire to see young Barbadians have Tertiary education
The Insurance Corporation of Barbados Limited (ICBL) just launched their Future Builder Plan in direct “response to the need for parents to fund the education of their children once they enter University“.
The plan is to be affordable to parents and guardians, and accompanied by safety nets in the event that persons are unable to make their payments due to unforeseen circumstances.
Senior Vice President and Head of Life Division, ICBL, Henry Inniss, said the motivation behind the creation of this newest Plan was Government’s decision to fund less of the University fees for Barbadian students, and secondly, it is to address the decline in freshmen last semester.
With regard to the latter, he noted, “What has come as a result of that, what has happened is that there has been a reduction in the number of persons entering University, because people didn’t have the money to pay.”
Therefore, he assured that ICBL wants to meet this need head-on and help parents be proactive.
He urged, “So we want to make sure, we want the public vehicle in place to allow parents to create a fund that will over time build up the savings that would be required to pay for the education of their children when they reach university-age.”
To ensure the buy-in of citizens to this particular plan, Inniss stressed, “We are going to be doing our best to make the payments as affordable as possible, because we do not determine the amount that is paid; the client would determine that.
“So we give them options that they can pay monthly, some can pay annually, or semi-annually. So we’re giving them options to allow them to make it as affordable as possible.”
(THE REST OF THIS ITEM ON THE BOLD INITIATIVE TO STOP THE NEXT GENERATION OF YOUNG BARBADIANS BECOMING LESS EDUCATED AT THE EXPENSE OF GOVT’S LACK OF FORESIGHT CAN BE READ BY CLICKING here) DATA COURTESY: Barbados Advocate