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9 in 10 urban Indians worry about savings not lasting through retirement: Study
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financialexpress.comUrban India’s Retirement Index (on a scale of 0 to 100) stood at 44, according to a recent study ‘India Retirement Index Study’ (IRIS) that maps the retirement preparedness of consumers in India.
The India Retirement Index Study was done by Max Life Insurance in partnership with Karvy Insights. The retirement-focused survey reveals the state of urban India’s preparedness to lead a healthy, peaceful, and financially-independent retirement life.
The study measures retirement preparedness on the basis of 3 components – health, financial and emotional index. The degree to which Indians feel financially secure for retirement or the ‘financial preparedness index’ stands at 50, indicating concerns over financial wellbeing. The ‘emotional
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