Challenges on Improved Life Spans in India - the Actuarial Implications

Type Conference Paper - Living to 100 and Beyond Symposium
Title Challenges on Improved Life Spans in India - the Actuarial Implications
Author(s)
Publication (Day/Month/Year) 2008
City Orlando
Country/State USA
URL https://www.societyofactuaries.mobi/Library/Monographs/Retirement-Systems/Living-To-100-And-Beyond/2​008/January/mono-li08-2a-subramanyan.pdf
Abstract
Life spans in India have been increasing for six decades, and now the change is noticeable. While this has challenged India, it has also led to many business opportunities. Noticing the challenge India, endeavoured on liberalization to arrive at an optimal solution. This was a planned move, and India experienced unprecedented economic growth in the past decade. This paper attempts to analyze the implications of this scenario, as set out in the synopsis. Every effort is taken to stick to the synopsis and digressions, if any, are only to sustain the flow. All currency is mentioned in U.S. dollars (converted at: 1 US $ = 40 Indian Rupees) for facility. The gist of the paper is as follows:

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