The one priceless gift you can give your brother this Bhai Dooj is a proper financial education and teach him the importance of savings and investments for a better future. This gift can be given no price tag and will remain with your brother forever! Educating him on personal finance, insurance, investments, and other basic concepts will at least get him started.
Buy him an insurance policy:
If your brother is out there earning for the family and depends on him, the most immediate and precious gift you can give him is a term insurance policy, or at least guide him to buy one with a suitable cover.
Gift him a portfolio of stocks:
To introduce him to the world of stock markets, you can gift him a couple of stocks or mutual fund units and guide him for a short time regarding stock market basics. After a brief span, you can leave the portfolio to him when he gets ready to handle it all alone!
Add him as a nominee:
To make your bond even more potent with your brother, you can get him added as a nominee to all investments and insurance plans your family has purchased. This will remove all the hassle of determining the ultimate beneficiary during the later stages of life!
Gifting a useful article:
Insurance and investments are all acceptable, but Bhai Dooj will be incomplete without some material gift that will come to good use for your brother. It can be something your brother has been planning to buy for a long or something he would use in a daily routine.
These were five essential things you could do this Bhai Dooj to ensure his happiness. Of course, some of the gifts mentioned above won’t reap immediate benefits, but they’ll all be worth it in the future!