PFRDA Chairman Deepak Mohanty said life expectancy at birth was 35 years in 1950, but it has doubled to 70 years now; someone at 65 is expected to live another 15 years now.

As the population of senior citizens increases in the country, the demand for a dwelling place with exclusive amenities for older people has also increased. Learn more.

Some people get trapped into thinking that there is a minimum pension amount that they need to work for, which is not correct, says Krishnan.

Retirement planning will work in your favour if you start early. The monthly investment required to build the desired corpus will be much smaller because a longer term will allow your money to compound

As life expectancy increases, people’s needs and desires have evolved, spurring growth across the senior care sector, from housing and healthcare to tech-enabled care solutions.

With the rise in life expectancy, everyone must plan for retirement as soon as possible.

Delaying your retirement could be an option if you do not have a solid financial plan for old age.

Seniors will account for 19.5 per cent of India’s population, or around 194 million by 2050, providing immense opportunities for growth in senior specific services, while also posing challenges on account of living issues as a result of loneliness and rising instances of nuclear families

The role of retirement planning cannot be emphasised enough when social security benefits are insufficient. A recent study shows that women could face financial issues different from men

The life span is increasing with advanced healthcare and accessibility, and improved finances. That’s why it is so important to consider rising life expectancy while planning for your retirement