New Phase of “Justice Shares” Opens for Infants, Bolstering Family Economic Security
A new registration window has officially opened, allowing parents to secure a financial future for their children born in the last two years. This initiative, a key component of the nation’s social welfare and population policies, enables families to register for “Justice Shares” for their infants through the national smart government services portal (my.gov.ir).
A Strategic Investment in the Next Generation
In a move designed to strengthen family financial security and encourage population growth, the government is allocating Justice Shares to all infants born from 2021 onward. The program provides an initial allocation of shares in professionally managed Exchange-Traded Funds (ETFs), serving as both an immediate financial support mechanism and a secure, long-term investment for the child’s future.
Key Features and Financial Allocation
Unlike previous models, this iteration of the Justice Share scheme is noted for its transparency and adherence to standard investment principles. The shares are managed by professional capital market managers and are designed to grow in value alongside the market, providing long-term economic security.
The allocated amounts are as follows:
- Infants born in 2022: 1.5 Million Tomans in ETF shares.
- Infants born in 2023: 2.3 Million Tomans in ETF shares.
Parents of infants born in 2023 can expect to receive a confirmation message upon successful registration of the 2.3 million Toman shares.
Mandatory Requirement: The Sejam Code
A primary condition for registration is obtaining a Sejam code for the infant. This code, which parents must acquire, is crucial for several reasons:
- It formally registers the infant’s ownership in the national system.
- It enhances security and prevents potential fraud.
- It allows for the future tracking and management of the share portfolio.
Streamlined Registration Process
The registration process has been simplified through the national smart government services portal. Parents can complete the registration by following these steps:
- Log in to my.gov.ir.
- Authenticate identity using a parent’s mobile number.
- Navigate to the “Childbirth Encouragement Plan” section.
- Review the infant’s information.
- Confirm details and select three preferred ETF funds.
- Receive a final confirmation message to complete the process.
Long-Term Vision and Fund Selection
Reflecting the plan’s long-term vision, the shares are locked until the child reaches 24 years of age. Early access is permitted only under special circumstances, such as marriage, a policy intended to support major future life events.
Parents are given the flexibility to choose a combination of three funds from the following options, allowing them to tailor the investment’s risk and return profile:
- Government Investment Fund
- Equity Fund
- Fixed Income Fund
- Index Fund
Aligning with National Development Goals
This initiative underscores a strategic focus on intergenerational economic planning. By creating a long-term investment from infancy, the program aims to build significant future capital for the youth, support the government’s population policies, and act as a reliable savings instrument that appreciates over time, thereby contributing to broader national development objectives.