New Delhi: In a recent survey conducted by the Canara HSBC Oriental Bank of Commerce Life Insurance on Indians’ outlook on retirement,  it is found that Indians do not save much for their post-retirement days and have least concern for financial hardship in fag end of their lives.

Even those who plan well during their earning days end up saving very less for the time of retirement. Majority of Indians do not even know about their retirement incomes. According to the report, 35 percent of Indians invest for their pension whereas 32 percent of them do not even have a life insurance policy.

The study based on people of different age groups revealed that 32 percent of Indians prefer to stay with their children after their retirement, which is one of the factors that they do not stress on planning for their pension. While in foreign countries, only 14 percent want to stay with their children, in America only 3 percent.

Based on the statistics of the survey Canara HSBC Oriental Bank of Commerce Life Insurance advised that people should discuss with experts regarding their retirement plan and invest money as soon as possible for getting maximum benefits.

JPN/Bureau