India Tops In Global Retirement Index


BANGALORE: What is the one thing, a person will ensure after settling into a job for, he will start making future-Retirement Plans. People do have intense concerns about their economic independence in retirement. However, it differs from person to person how plan for their future.

Recently, AEGON Religare Life Insurance (ARLI), on the AEGON Retirement Readiness Survey 2014– “Changing Face of Retirement”, conducted an online survey over 15 countries. India took part in the survey for the very first time and with an Index score of 7, the country ranked first on the AEGON Retirement Readiness Index (ARRI).

The reasons encountered as why India is best in retirement preparedness are:

1. Retirement Planning

It must be very clear in a person’s mind regarding his retirement plans and the retirement savings products. In a country like India 19 percent of Indians have a written plan for their retirement, while 61 percent have plans in their mind, 18 percent do not have at all plans and 2 percent don’t know whether they are going to plan it or not.

Too much choice causes confusion and results in many people making no choice at all.

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