Give a Gift of Lifetime Protection and Care This Raksha Bandhan

Raksha Bandhan is one of the most joyous festivals celebrated in India, where sisters tie Rakhi on their brother’s wrist and they in turn promise to protect them through thick and thin. The bond of love between a brother and sister is truly magical, and the festival of Raksha Bandhan truly celebrates that. But in the real world, can you be fully assured that your brother or sister is truly protected from life’s uncertainties? When the festival is about lifetime protection and care, why not gift your brother or sister something that promises a lifetime of financial protection? This Raksha Bandhan, go beyond gifting materialistic things to your sibling and gift them something thoughtful that gives them security against unforeseen financial uncertainties. There are various insurance plans in the market like health insurance plans, home insurance, life insurance, vehicle insurance etc., as it is not always possible to prevent the sudden occurrence of events that can result in heavy losses. These insurance plans help secure your sibling’s financial future when they need it the most. This year, the best gift for your brother or sister this Rakhi would be the gift of financial protection, something that lasts forever. Here are some of the best financial gifts to make this Rakhi special.

Health Insurance Plan

Buying your sibling a term insurance plan like a health insurance plan will ensure that the medical bills, hospitalisation charges and medical treatment expenses are taken care of. Before buying a health insurance plan, make sure that the plan you choose comprises adequate coverage against unforeseen health emergencies. Buying a health insurance plan for your sibling will ensure that he/she can fight financial and medical emergencies without panicking. If your sister is married and has a child, a health insurance policy is one of the best Rakhi gift ideas for your sister, as your sister can extend her peace of mind and also for her child’s well-being.

Life Insurance Plan

Move over gifting your sibling traditional gifts like money, chocolates etc. Rather gift them something which can reap benefits for the family and ensure that they have the financial protection they need in case of an unfortunate event like a life insurance plan. You can even choose to increase the life insurance coverage plan with changing life stages.

Unit-Linked Insurance Plan

Another thoughtful gift that you can buy for your sibling this Raksha Bandhan is a Unit-Liked Insurance Plan (ULIP). This insurance type covers the dual purpose of being an insurance plan as well as an investment instrument. ULIP plans as a Raksha Bandhan gift are the best type of goal-based insurance coverage for your sibling for long-term investment goals like higher education, marriage, car purchase etc., and simultaneously ensuring that your sibling is covered under an insurance plan. To accumulate savings through a Unit-Linked Insurance Plan, you need to pay small amounts every month without being heavy on your pockets. You can help your sibling build up a sizeable corpus and help him/her fulfil short-term to long-term goals.

Home Insurance

Buying a home is one of the biggest assets that one can possess. To safeguard your sibling against unforeseen circumstances, it is extremely important to buy a comprehensive home insurance plan that provides coverage against various situations. If your sister has bought a home recently and you want to gift her something for Rakha Bandhan that can vouch for future exigencies, there is no better gift than buying her a home insurance plan.

Choose Insurance Plans from Muthoot Insurance Brokers

Muthoot Insurance Brokers is widely recognised for offering the best type of insurance plans under one umbrella to mitigate financial risks and take away the stress of managing funds during emergencies. The various insurance plans that one can gift their sibling as a Rakhi special gift this Raksha Bandhan, through Muthoot insurance brokers, an Insurance Broking Arm of Muthoot Finance, licensed by IRDAI, offers health insurance, home insurance, vehicle insurance, life insurance, travel insurance, shop insurance and group insurance plans. Muthoot Insurance Brokers has empanelled itself with various public and private insurance companies to ensure all-round protection with the best of the benefits for your brother or sister. Let this Raksha Bandhan be unique and special. Make it about health and financial well-being for your sibling by opting for a suitable insurance plan from Muthoot Insurance Brokers.