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80% urban Indians not ready for retirement: Survey


Four out of five people fear their savings will not last through retirement, finds Max Life Insurance’s India Retirement Index Study. India’s Retirement Index (on a scale 0 to 100) stands at 44.

What does the study cover?

The study maps the retirement preparedness of consumers in India. It is measured on the basis of three components: health, financial and emotional index.


Health is wealth


How should one plan investments for retirement?


Four in five of those above 50 feel they should have started planning earlier

Also Read:
Simplified post-retirement income plan for retirees to ensure inflation does not eat into savings

What are the barriers to investing for retirement?


How long will the savings last into retirement?


23% of respondents say they have not even thought about retirement planning

What is the right age to start planning retirement?


What were the triggers for investing?

(Base of 1,177 who invested in financial products for retirement)


What are the best investment products for retirement?


35% of respondents have not invested in any financial product for retirement

Source: Max Life Insurance India Retirement Index Study covering 1,816 respondents.


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