
‛It has become increasingly important for each individual to plan for their retirement well in advance, keeping in mind the rising inflation, medical costs, break-up of joint family systems and lack of social security system. In India, less than a sixth of those about to retire in the next ten years are covered by some form of pension (this also means that 5 out of six people are not covered by any form of pension), and only 2 per cent of those not working in government will be able to fund their retired lives if they cut expenses by half.’

Bert Paterson
MD, Aviva India
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