Urban India's Retirement Index Increases from 47 to 49, While Gig Workers Lag at 46 with Lower Retirement Readiness: Max Life IRIS 4.0
Oct 24, 2024
New Delhi [India], October 24: Max Life Insurance Company Ltd. ("Max Life"/ "Company") has launched the 4th edition of its retirement survey, India Retirement Index Study (IRIS)*, conducted in partnership with KANTAR, the world's leading marketing data and analytics company. The IRIS 4.0 reveals that Urban India's retirement preparedness has increased from 47 points in IRIS 3.0 to 49 points in IRIS 4.0, driven by greater awareness and proactive steps in both health and financial planning. Urban Indian working women scored 50 on the retirement index, 1-point higher than men. The latest edition introduces two new segments - Double Income No Kids (DINKs) and Gig workers+. DINKs align closely with the overall Indian population, with an index score of 49 points, indicating strong health and financial preparedness. In contrast, Gig workers score only 46 points, reflecting lower readiness across the cohort.