This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Terms of Use.
Accept
IndiaPost LiveIndiaPost LiveIndiaPost Live
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
Notification Show More
Font ResizerAa
IndiaPost LiveIndiaPost Live
Font ResizerAa
  • Home
  • India
  • World
  • Business
  • Entertainment
  • Sports
  • India News
  • State
  • World
  • Entertainment
  • Business
  • Trending
  • Sports
  • Career
  • Lifestyle
  • Languages
Follow US
© 2024 NM Media. All Rights Reserved.

News » India News » 66% of urban working women confident about retirement planning, finds survey

India News

66% of urban working women confident about retirement planning, finds survey

NM Desk
Last updated: 18 October, 2024 7:59 AM
NM Desk
Share
66% of urban working women confident about retirement planning, finds survey

Despite many acutely feeling the need for retirement planning in this country, it remains a largely unaddressed subject in India with a recent survey jointly by Max Life Insurance and KANTAR have found out. One of the startling findings of the survey is that less than a quarter – about 24% believe that the amount of money they painstakingly save from their income – will last for only 10 years after retirement.

Contents
Right age to start retirement planningMore women into retirement planningRegional differences in retirement planning

The study titled India Retirement Index Study (IRIS) was conducted in 28 cities across the country and 2,077 individuals were interviewed. It measured the financial preparedness for retirement as well as mental and emotional readiness for that momentous eventuality.

Right age to start retirement planning

The survey found that as many as 44% of the respondents believe that one should begin retirement planning before the age of 35. This is a sharp increase from the 38% who said in the earlier survey carried out in 2023 that such planning should begin before 35.

Read More

All about the Muslim candidate who received the most votes in Haryana polls
All about the Muslim candidate who received the most votes in Haryana polls
Full shutdown in Katra today: Why locals are protesting Vaishno Devi ropeway project
Full shutdown in Katra today: Why locals are protesting Vaishno Devi ropeway project
Uttarakhand Char Dham yatra 2024 nearing end; Kedarnath portal closing process begins
Over 41 lakh pilgrims undertook Char Dham Yatra due to PM Modi’s massive infra push

Investment strategist and director Wishlist Capital, Nilanjan Dey said, “The recently rolled-out NPS Vatsalya has paved the way for parents of a kid kicking off retirement planning soon after birth, thereby creating a situation for creating a huge pool of funds.”

More women into retirement planning

A significant 68% of urban women have already started retirement planning, it was found. It marked a big 7 percentage point rise from the survey conducted in 2023. As many as 66% feel confident that their current investments are sufficient to ensure financial well-being post retirement. More and more people are also regretting the delay in launching retirement planning. As many as 93% of those above the age of 50 have lamented the delay.

Regional differences in retirement planning

Interestingly, the survey found significant differences among inhabitants in different regions of India approaching the essential topic differently. The Eastern zone is the leader in planning for retirement with finance index at 57%, health index 51% and emotional index at 62%. The scores of the West that came second stood at 53% (finance), 46% (health) and 57% (emotional).

You Might Also Like

Greater Kailash, Kalkaji & Malviya Nagar Election Results 2025 LIVE: Check Who is Leading, Who is Trailing

WFI withdraws India from World Championship citing interference from sports ministry

Intel Reconsiders Built-In RAM and Rethinks GPU Plans

J&K: Encounter underway in Bandipora forest; 1 terrorist killed

Delhi metro ‘nuisance creator’ apprehended for viral video stunt by metro police

TAGGED:Eastern RegionFinewsnance IndexNPS VatsalyaRetirement PlanningWestern RegionWorking Women
Share This Article
Facebook Twitter Whatsapp Whatsapp Telegram Copy Link

Latest News

Uttarakhand: Liquor shops on Kanwar Yatra route to be covered with curtains to respect devotees’ sentiments
Uttarakhand: Liquor shops on Kanwar Yatra route to be covered with curtains to respect devotees’ sentiments
India News
Uttarakhand weather update: Monsoon rains trigger yellow alert in Dehradun, Nainital; landslides disrupt life in hills
Uttarakhand weather update: Monsoon rains trigger yellow alert in Dehradun, Nainital; landslides disrupt life in hills
India News
Patanjali inaugurates world’s largest Ayurvedic telemedicine centre
Patanjali inaugurates world’s largest Ayurvedic telemedicine centre
India News
Suffering from Insomnia? Here’s what you need to do
Suffering from Insomnia? Here’s what you need to do
India News

You also Like

Dera Sacha Sauda chief Baba Ram Rahim comes out of jail on 21-day furlough by Haryana govt
India News

15th parole in 4 years? Congress writes to EC over Ram Rahim’s possible release

NM Desk NM Desk 4 Min Read
PM Modi departs for BRICS Summit in Russia, says India values close cooperation
India News

PM Modi departs for BRICS Summit in Russia, says India values close cooperation

NM Desk NM Desk 2 Min Read
DMK Minister Raja Kannappan embroiled in Rs 411 crore land scam allegations
India News

DMK Minister Raja Kannappan embroiled in Rs 411 crore land scam allegations

NM Desk NM Desk 3 Min Read
IndiaPost LiveIndiaPost Live
Follow US
© 2024 NM Media. All Rights Reserved.
  • About Us
  • Privacy Policy
  • Contact Us
Welcome Back!

Sign in to your account