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.
Read More: http://seniorexpress.in/forums/topic/a-report-on-financial-security-for-indias-elderly-the-imperatives/
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