03
Jul
India's growing life expectancy is exposing a widening gap in retirement preparedness, with a majority of urban Indians at risk of outliving their savings, according to the fifth edition of the India Retirement Index Study (IRIS 5.0) conducted by Axis Max Life Insurance in partnership with Kantar. The study found that India's retirement readiness score stands at just 48 out of 100, highlighting inadequate long-term financial planning despite increasing awareness. While 86 per cent of "Empty Nesters" know the retirement corpus they require, only 33 per cent believe their savings will last beyond 10 years after retirement. Similarly, only 38…
