Madurai
Kaval Uthavum Karangal of 2003 batchmates of police constables on Sunday handed over cash, insurance and fixed deposits worth ₹ 24.92 lakh to the family members of their batchmate Palanivelnathan who died on October 3.
A total of 4,985 batchmates contributed ₹ 500 each towards the welfare of the family of Palanivelnathan, who was attached to Crime Wing of Tallakulam police station.
The batchmates invested ₹ 9.62 lakh in insurance for his 12-year-old son so that he would get a maturity amount of ₹ 19.42 lakh when he attains 21 years. The 8-year-old daughter was given an insurance deposit of ₹ 9.62 lakh that would get her ₹ 20.67 when she attains 20 years of age.
Savings bank deposits of ₹ 2.87 lakh for his wife Radha and ₹ 1 lakh each for his parents, Nageswari and Ganesan were given. The batchmates provided ₹ 3 lakh medical insurance for the wife and two children. All the documents were handed over to the family members on Sunday.
