East India Shines in Retirement Preparedness: Max Life's IRIS 4.0 Survey Findings

Max Life Insurance's IRIS 4.0 survey highlights East India's leadership in retirement planning, outpacing other regions with increased investments and confidence in health management. With financial, health, and emotional indices improving, individuals prioritize a well-rounded retirement. Encouragement from families, peers, and product awareness drive robust planning efforts.

Max Life Insurance Company Ltd. has revealed insights from its fourth India Retirement Index Study (IRIS), heaping praise on East India for its retirement readiness. Conducted with KANTAR, the survey shows East India scoring highest at 54 on the Retirement Index, surpassing the national average of 49. This reflects a remarkable climb in Financial, Health, and Emotional Indices compared to last year.

Rahul Talwar, EVP & CMO of Max Life, emphasized the growing importance of retirement planning, noting East India's exemplary commitment as 72% invest specifically for retirement. Health consciousness remains solid with 82% confident about their wellness during retirement, indicating a positive shift in attitudes.

Interviewees prioritize medical expenses and children’s future as key motivators in savings, backed by family and peer influence. The survey suggests that 94% of those over 50 regret delaying planning, reinforcing a proactive approach. Max Life’s study underscores early preparation as crucial for a secure, fulfilling retirement.

(With inputs from agencies.)