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