Eastern India's Leading Edge in Retirement Readiness Revealed

A study by Max Life Insurance and KANTAR shows that Eastern India leads in retirement readiness, surpassing other Indian regions. With 72% actively investing for retirement, East India scores highest in the Retirement Index. The study highlights increased awareness and proactive planning among Eastern Indians.

A recent study by Max Life Insurance and KANTAR highlights that Eastern India is better prepared for retirement than other regions in India, with a significant lead in the India Retirement Index. This index measures preparedness for a financially secure and healthy retired life.

The findings reveal that 72% of Eastern Indians are investing in retirement, compared to 66% in the West, 60% in the North, and 58% in the South. Notably, 68% of those in the East choose life insurance for retirement security, and 97% are aware of various financial products.

Despite being well-prepared, Eastern Indians report concerns about loneliness and environmental factors affecting retirement. The insights are expected to steer the insurance sector towards crafting solutions that blend financial stability with health-centric initiatives.

(With inputs from agencies.)