2. Back-Up Plan

When the plan A doesn’t work, move on to plan B- the back-up plan. It’s always necessary to plan for the unexpected; it may be due to illness, any personal emergency or so.

According to the survey 53 percent of the Indians do have a back-up plan, 42 percent do not have a back-up plan while 5 percent are not sure only about the process. A back-up plan includes setting up enough fund or insurance to protect against any unexpected event.

3. Helping Employees

A person can save more if he is provided with increased financial incentives from time to time. To promote such savings employers are providing ample opportunities for their employees. More than half of the Indian workers entrusts their employer to be supportive enough while 39 percent still believe the employers are not helping them in their retirement planning.

To encourage savings, it’s equally essential to protect such kind of incentives that are easy to calculate and take advantage of them.

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