If a stable income is received even at the age of retirement, then old age passes without any hassle. And if you secure the retirement life of your parents, then there is hardly any better gift than this. On this Mother’s Day, you can secure your mother’s future by investing in various investment options. Along with this, to make her retirement life easier, we can also include health insurance in it. So that she does not have any problems in any emergency.

In which schemes to invest for mother

There are many great options available to secure your mother’s financial future. Thoughtful investment can make her financially self-reliant and make her old age peaceful.

Mutual Fund SIP

Mutual Fund SIP (Systematic Investment Plan) has become very popular among investors due to better returns. The estimated return in this can be from 12 to 14 percent. However, this return depends on the fluctuations of the market.

It is advisable that if you want to get maximum benefit from mutual funds, then include different types of funds in your portfolio. Large-cap funds have the lowest chance of loss. At the same time, mid and small-cap are more risky, but the returns in them are equally good. You will not need a demat account to invest in mutual funds.

Health Insurance

Ayushman Vay Vandana Yojana has been started in Delhi. Under this, people aged 70 years or above get free health insurance up to Rs 10 lakh. Out of Rs 10 lakh, half the amount will be given by the Central Government and the remaining amount will be given by the Delhi Government.

If you are not a resident of Delhi, you can still avail free insurance under Ayushman Yojana. But there is also a limit of income in this. Apart from this, you can also avail it through private health insurance. But in this, you will have to pay more premium.

Before taking health insurance, understand the claim process related to it thoroughly. To deal with emergencies, it is very important for you to have health insurance. It not only provides financial security but also gives mental peace.

Senior Citizen Savings Scheme

Regular income can be earned by investing in the Senior Citizen Savings Scheme of the Post Office. This scheme is specially designed for senior citizens. Only people aged 60 years or above can invest in this scheme. In the Senior Citizen Scheme, investors are given interest every month, which works as income in old age. It is a stable and safe investment option that guarantees regular income.

Apart from senior citizens, you can also invest in NPS (National Pension System). Under this also pension is available in old age. At the same time, you will be able to invest in NPS even before 60 years. It is a good investment option for the long term which provides financial security after retirement.

Take advantage of SWP too

Just like SIP involves investing money in mutual funds little by little, similarly in SWP (Systematic Withdrawal Plan) money is withdrawn from mutual funds little by little. By doing this, your money keeps growing by staying invested in the mutual fund, and at the same time, you keep getting a fixed income every month. This is a great option for those who want to withdraw the invested amount gradually so that they keep getting regular income and their principal also keeps growing.