Senior citizens will comprise 20 per cent of India’s population by 2050, so ensuring adequate pensions for them is crucial for their financial securityand the country’s economic stability.

Many parents spend their lives alone as their children have to live in a different city for work. In such a situation, AI technology can be highly useful for the seniors for their care and well-being.

Artificial intelligence (AI) can help create a holistic investor profile and portfolio to provide clients a tailored personalised investment plan.

Technological advances such as AI and the Internet of Things (IoT) have made life easier and elderly citizens have immensely benefited in terms of convenience, support and several other aspects.

Technology is taking the world by storm with innovation and technological advances to facilitate better health care for people.

Senior citizens have immensely benefitted from voice technology, from gadgetsfor companionship and connection to providing information and health assistance.

Rising identity theft and fraud have increased the risk for senior citizens already grappling with various age- and technological-related awareness issues.

Speed and efficiency are the easier parts of digitisation, but the big benefits are yet to come as data interchange will help develop incredible capabilities to save lives, says Singhel.

Old age could pose a challenge in frequently visiting a bank for your needs, like submitting a life certificate, so the face authentication app can be handy