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Give your sister the gift of financial security on Raksha Bandhan in this corona period, it will help her in bad times

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Raksha Bandhan, a festival of affection and love of siblings, will be celebrated on 3 August this year. On this special day, Bahi ties a rakhi to her brother, and the brother instead protects them. On this day, brother also has a tendency to give a gift to his sister. In such a situation, this time you can give your sister something that will give her financial security and help her in bad times. Here we are telling about some gifts that can be given to the sister on the occasion of Raksha Bandhan.

Guarantee health protection with ‘Corona Armor’ policy
All general and stand loan health insurance companies have launched the Corona Kavach Insurance Policy. It has been designed keeping in mind the health problems of the people during the Corona period. This will cover other expenses related to treatment, including hospitalization, before and after admission and home care if found corona infected. The insurance amount for Corona Armor policy is minimum Rs 50 thousand and maximum Rs 5 lakh. The duration of insurance can be at least 3.5 months, 6.5 months and 9.5 months. The premium for the basic cover will be Rs 447 to Rs 5,630.

Give protection to professional life through job insurance
The growing havoc of Corona has also impacted the economy. Many people have lost their jobs due to economic recession and many are in danger. In such a situation, people are afraid of going to their jobs. If your sister does such a job, then to secure her professional life, you can also give a gift of job insurance to your sister on Raksha Bandhan. This will support him financially in bad times. Under the policy, financial coverage is available on leaving the job or temporary suspension. Apart from this, the EMI run by the insurer is also paid by the insurance company.

FD or RD can be given in the name of sister
If you have a younger sister, you can give him financial security by investing for him on Raksha Bandhan. For this, you can invest in Fixed Deposit (FD) or Recurring Deposit (RD) according to your convenience. In these two, you get almost the same interest. FD and RD are both fixed-income investments, both of which give a guaranteed return on maturity. The interest rates offered on FD and RD are also almost the same. In both of these, you can open a joint account. Both these investments can be made at any bank or post office. Apart from this, you can also invest in SIP or mutual funds for your sister.

Credit card gift
If you have a younger sister who is studying in college and can give them a credit card gift to meet her financial need. Many people are afraid to use the credit card for fear of misuse, in such a situation you can wisely prepare them to keep it with you by explaining the benefits of using the credit card. If he needs money, he will not have to face trouble. You can decide the credit card limit based on your sister’s needs.

Get full year recharge on sister’s mobile
If you are planning to give such a gift to your sister on this day, which is also in your budget and also for their work, then you can recharge their mobile for the year. This will not bother him to recharge again and again. Jio, Idea-Vodafone and Airtel have several recharge plans with a validity of 365 days. Many features like unlimited calling, data and free SMS are available in these plans. You can choose the recharge plan according to your sister’s requirement.

Pension scheme will also be the right gift
You can also give such a gift to your sister, which will help her in her old age and be her support. If you have an elder sister and you want to give her a gift that gives her financial security in old age, then you can invest in the Atal Pension Yojana for her. Under this scheme, on attaining the age of 60 years, a pension of 1000 to 5000 rupees is received every month. A person from 18 years to 40 years can invest in it. You can invest in it for your sister.

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