Mother's Day: Here Are 5 Gift Ideas Unlike Clichés
The day when you celebrate the most important woman in your life is here! Mother’s day falls on the 8th of May this year. So, what do you gift her? We have an idea! Instead of something materialistic or classic cakes, cards, and flowers, go for uniqueness. Gift your mother financial and health security. Help her empower herself with these gift ideas:
1. Buy medical insurance for her: With the exorbitant fees of medical treatments being an ever-present concern, it is essential that you buy your mother an effective health insurance plan. A good health insurance plan will help cover all the costs of future hospital visits and treatment, if any, and help her remain financially sound.
2. Book a health checkup for her: In today’s day and age, the old cliche, ‘Health is Wealth’, is more relevant than ever. Hence, you should get your mother’s health checked at an efficient medical institution. It is highly important to do this for all your loved ones. Why? When a disease is detected early, the chances of recovery are much higher. Health checkups ensure any anomaly in the body is identified as early as possible and cured. With a health checkup plan, you are gifting your mother a long and healthy life!
3. Help her with financial investments: When you help your mother plan her finances and invest, you’re ensuring that she will remain financially sound in the future. If you’re a market expert, you can be your mother’s financial advisor or else you can turn to a financial consultancy to do so.
4. Start an SIP in her name: Systematic Investment Plans or SIPs are the perfect way to start your mother’s investment journey. Whether it be the power of compounding, negating rupee-cost averaging or convenience, SIPs when invested in over a significant period of time can generate really good returns. These returns can help your mother achieve her financial goals and live a life she enjoys.
5. Start a senior citizen savings scheme in her name: Opening a senior citizen savings scheme account in your mother’s name is a great investment option if she is above the age of 60. The scheme offers a good rate of return (currently at 7.4%) which remains fixed for a five year period after the money has been invested. The interest is received from the scheme every 3 months with the upper limit for each person being Rs 15 Lac.
(The given article is attributed to Archit Gupta, Founder and CEO, Clear and has been exclusively created for BW Disrupt website)
_20241126144533_original_image_32.webp)
