The Retirement Gap: Why India Cannot Afford To Wait
Longer lifespans, rising healthcare costs and changing lifestyle aspirations are widening India's retirement savings gap, making early and disciplined long-term investing more important than ever.
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Need To Build Resilient Pension Structures Today To Shield Future: Dr V Anantha Nageswaran
As India's demographic landscape evolves, there is an urgent need to build a resilient pension system to safeguard the financial well-being of the future ageing population. This requires devising sustainable long-term retirement solutions and ensuring robust digital delivery to achieve universal pension coverage
The PFRDA is set to roll out the NPS Swasthya Pension Scheme for the public soon. PFRDA Chairman S. Ramann confirmed that the bundled product has received board approval and is likely to be launched in the next 60–70 days
The new balanced hybrid scheme will invest 40-60 per cent each in equity and debt instruments, with no arbitrage exposure. The NFO will remain open until July 14 and aims to offer a mix of capital appreciation and income through active asset allocation
Life insurance contributes a large share of unclaimed money because such policies often run for decades. A person may buy an endowment or money-back policy in their thirties and forget about it by the time it matures
The revised directions have instructed banks to provide advance notice, to adhere to specific recovery processes and to seek authorisation in some instances to recover excess pension payments
The Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) covers more than 1,900 procedures for treatment. However, the funds allocated for cancer treatment under the scheme are less than required. The FinCan study suggests that including early diagnosis of the disease under the scheme could reduce fund requirements and save more lives
