June 16th, 2023
On this Father’s Day, consider giving your parent a financial gift. This includes gifting him a preventive healthcare plan, helping him reduce a debt, drawing up a financial plan, and more.
This year, Father's Day is on 18 June — the date changes each year because it is celebrated on the third Sunday in June. Father’s Day, needless to say, is an occasion to celebrate and honor your father.
While traditional gifts like cards, clothes, ties, and gadgets are popular choices, a financial gift can have a more meaningful and lasting impact. Such a gift not only demonstrates your love and appreciation but will also contribute to your father's long-term financial well-being.
Let’s look at a range of thoughtful financial gift ideas that can help your father achieve his financial goals and secure a brighter future.
Gift an affordable health plan for preventive healthcare
This is one of the best financial gifts you can gift your parents, especially if they are elderly. It’s often difficult for elderly people to get health insurance on account of their age. An elderly father is more susceptible to non-communicable diseases. A good health cover can help your father get reimbursed for hospitalisation expenses, if and when they come.
Source:moneycontrol.com
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