Country Profile - India : New Pension System: Changing the way India thinks tomorrow
Source: Asia Insurance Review | Jan 2010
India is confronted with severe challenges like a growing population, increased ageing, decline in organised public sector employment, the absence of formal social security for informal sector employees and high cost of existing defined benefit (DB) pension. Dr H Sadhak, CEO, LIC Pension Fund Ltd, gives us an overview of the Indian population, how the New Pension System aims to help the financial needs of the citizens when they retire and what challenges still lie ahead.
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