Monday, 22 May 2017

Financial Security in Old Age

In old age financial security is a must for healthcare of elderly. With increase in longevity and nuclearisation of families, it is becoming a more serious concern, especially among those belonging to unorganised sector.

As per the latest PFRDA- CRISIL report entitled “Financial security for India’s elderly -The imperatives”, every 5th Indian by 2050 will be 60+ as compared to every 12th at present.  The report emphasised that with such demographic transition, development of the underpenetrated pension market in India be initiated now, when the situation is ripe.

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