The market of annuities has a strong long-term potential in India. According to National Statistical Office (NSO)’s Elderly in India 2021 report, India’s elderly population (those above 60 years) is expected to cross 198 million in 2031 which is a 41 per cent growth over the decade.
A further survey states that only 32 per cent of this population have made investments for this and only about 11 per cent of the income is channelled towards this end. This would mean a higher dependency ratio if savings or planning for retirement is not done right. Thus, annuity along with National […]
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