Tag: Max Life study reveals only 1 in 3 Indians prioritize financial readiness for retirement

Max Life study reveals only 1 in 3 Indians prioritize financial readiness for retirement India Retirement Index remains at 44 in second edition of survey; dependence on family and children continue to be major barriers to plan for retirement investment 23% Indians do not even know where to begin their retirement planning Nearly 9 in 10 above age 50 regret not saving/investing towards retirement sooner Strong belief in ‘earlier the better’ for majority, as 59% believe savings will be exhausted within 10 years of retirement 69% consider life insurance as the most suitable product for retirement savings Retirement readiness highest in East Zone and Metros Men appear to be more financially anxious than women even though Index for both remain nearly same 29th Septem...