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Sunday, November 1, 2015

Health Insurance for Parents

 

You are never too old to show your love for parents. They nurtured and brought you up to the best of their abilities — protecting and providing – helping you become the person you are today. By taking good care of them you can display your gratitude.

Here are few ways to show how much you care.

Health Insurance

Buying health insurance for your parents would probably be one of the best ways to assure them. As they grow old, chances of age-related problems increases. This is accompanied with an escalating cost of treatment. Besides, taking care of hostpitalisation and medical expenses, a health cover will provide secured and stress-free life to them post retirement.

 If you are insuring your parents, it's better to include yourself for cost-effective options 

The sooner you buy health insurance the better it is. For health covers bought at a later stage in life, especially in case of old age or after being diagnosed with certain ailments (conditions apply), the premiums could be really steep. If you are insuring your parents, it's better to include yourself for cost-effective options.

Help them manage money

Parents often find paperwork stressful, more so if only one of them is around. Mothers are normally happy to hand over all financial dealings and decisions to their children rather than getting involved themselves.

Thus, it would be helpful if you add yourself to your parent's account, providing informal monitoring to their finances. This will alert you to potential problems like missed payments on loan EMIs, utilities or other obligations.

Gift a holiday

Your parents have spent a major part of their life raising you. In that process they made a lot of adjustments and sacrifices. Recall that annual picnic, your mother was so looking forward to, which had to be cancelled as you fell sick or dropping those annual holiday plans for two years as you were preparing for your board exams.

It's time you did something for them. Even they want to live free and happy. Gift them a holiday by sending them on a vacation. Let them enjoy their golden years, without having to think about other things.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. IDFC Tax Advantage (ELSS) Fund

4. ICICI Prudential Long Term Equity Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. DSP BlackRock Tax Saver Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. HDFC TaxSaver

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online

Invest in Tax Saver Mutual Funds Online

Invest Online

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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