Best Gifts for Mother: Time to Love and Protect Her Back
by Shruti Sharma - May 06, 2022
Many of you may be searching to buy something special for that loving woman in your life. Why not offer your mother more spending power or something that will last her a lifetime; while giving her financial freedom and security this mother's day (8th May)? We are lining up gifting ideas that could make a long term difference in your mother's life and can provide much needed financial protection and freedom.
Book A Medical Checkup for Her
We have always heard that prevention is better than cure. Early detection of any medical condition helps in tackling it very effectively. Doctors’ advice medical checkups at least once in 2 to 3 years, even for young and healthy individuals. Those above aged 50, may need it even more often, so book a full body medical checkup and wait, there is more, up to Rs 5000 spent on preventive health checkups can be claimed under section 80d as a deduction.
Find Her a Trustworthy Wealth Manager
We all want to go to a good doctor for their expertise and knowledge, similarly a trustworthy wealth manager can be very rewarding. A good wealth manager takes care of your investments and helps optimize the returns by getting rid of junk. This gift can be potentially be the best gift ever. Start investing Now! Book one free guidance session & seek professional help.
Start an SIP in Her Name
If you think that her financial portfolio is not too large and your mother may not need a wealth manager. In that case, you can take DIY (Do IT Yourself) wealth building approach. This is a good time to start to invest in mutual funds if this has never been done earlier. All you need to do is to get her KYC done and select a scheme that suits her goal, time frame and risk profile. All these things can be done digitally on http://www.investocafe.com. You can use calculator to know sip returns amount needed for retirement etc, and you can also know risk profile.
Invest in PM Vaya Vandana Yojana
This scheme is designed to provide regular income to retired people. Currently, the 10-year scheme is offering return of 7.40 on the money option. At the end of 10 years the principal amount is returned to the policyholder. This scheme is managed by the LIC and is a very safe investment option. There is a Rs. 50 lakh limit on investment per individual.
Giving your mother health insurance ensures that she will receive the best medical treatment possible when she needs it. Many insurance carriers also provide family floater healthcare plans specifically designed to incorporate elderly members of the family in the Indian market, which are currently abounding with options on healthcare plans.
It makes sense for you to do all this for someone who worked so hard for you and without complaining. It’s time to feel the love and to show it by giving her financial gifts; she can take it easy because you know how to take care of her.